XML 214 R3.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated statements of profit or loss - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating income:      
Revenue $ 821,930,000 $ 1,106,329,000 $ 1,187,206,000
Sales of services 23,661,000 24,001,000 29,697,000
Royalty income 22,297,000 20,385,000 20,739,000
Total operating income 867,888,000 1,150,715,000 1,237,642,000
Operating costs      
Cost of sales of goods, excluding depreciation and amortization (512,874,000) (613,381,000) (604,650,000)
Cost of sales of services, excluding depreciation and amortization (3,378,000) (4,318,000) (12,954,000)
Depreciation and amortization (226,335,000) (238,879,000) (210,154,000)
Exploration in operating units (44,163,000) (89,730,000) (89,311,000)
Mining royalties (12,832,000) (21,388,000) (30,884,000)
Total operating costs (799,582,000) (967,696,000) (947,953,000)
Gross profit (loss) 68,306,000 183,019,000 289,689,000
Operating expenses, net      
Administrative expenses (76,297,000) (77,099,000) (80,666,000)
Selling expenses (24,313,000) (26,948,000) (23,043,000)
Exploration in non-operating areas (11,879,000) (36,307,000) (18,262,000)
Impairment recovery (loss) of long-lived assets (2,083,000) 5,693,000 (21,620,000)
Reversal (provision) of contingent and others 2,968,000 11,248,000 (13,740,000)
Write - off of stripping activity asset 0 0 (13,573,000)
Other, net (14,715,000) (1,308,000) (13,230,000)
Total operating expenses, net (126,319,000) (124,721,000) (184,134,000)
Operating profit (loss) (58,013,000) 58,298,000 105,555,000
Other income (expense), net      
Share in the results of associates and joint ventures 47,710,000 (1,144,000) 13,207,000
Finance income 9,675,000 9,685,000 5,517,000
Finance costs (42,173,000) (38,422,000) (34,551,000)
Net gain (loss) from currency exchange difference (734,000) (1,384,000) 2,939,000
Total other income (expenses), net 14,478,000 (31,265,000) (12,888,000)
Profit (loss) before income tax (43,535,000) 27,033,000 92,667,000
Income tax      
Current income tax (11,911,000) (16,882,000) (23,713,000)
Deferred income tax 37,501,000 (9,997,000) 5,825,000
Profit (loss) from continuing operations (17,945,000) 154,000 74,779,000
Income tax expense (25,590,000) 26,879,000 17,888,000
Discontinued operations      
Net loss from discontinued operations attributable to equity holders of the parent (10,514,000) (11,808,000) (10,344,000)
Profit (loss) for the year (28,459,000) (11,654,000) 64,435,000
Attributable to:      
Equity holders of the parent (12,208,000) (13,445,000) 60,823,000
Non-controlling interest (16,251,000) 1,791,000 3,612,000
Net loss from continued operations $ (28,459,000) $ (11,654,000) $ 64,435,000
Basic and diluted profit (loss) per share attributable to equity holders of the parent, stated in U.S. dollars $ (0.05) $ (0.05) $ 0.24
Profit (loss) for continuing operations, basic and diluted per share attributable to equity holders of the parent, expressed in US dollars $ (0.01) $ (0.02) $ 0.28
Minera Yanacocha SRL and subsidiary [Member]      
Operating income:      
Revenue $ 734,526,000 $ 658,653,000 $ 670,905,000
Other operating income 4,776,000 21,965,000 21,870,000
Total operating income 739,302,000 680,618,000 692,775,000
Operating costs      
Cost of sales of goods, excluding depreciation and amortization (692,721,000) (619,424,000) (772,647,000)
Other operating costs (1,160,000) (2,217,000) (2,062,000)
Total operating costs (693,881,000) (621,641,000) (774,709,000)
Gross profit (loss) 45,421,000 58,977,000 (81,934,000)
Operating expenses, net      
Administrative expenses (1,744,000) (2,783,000) (4,760,000)
Selling expenses (1,722,000) (2,627,000) (3,921,000)
Other, net (35,987,000) (76,155,000) (63,514,000)
Total operating expenses, net (39,453,000) (81,565,000) (72,195,000)
Operating profit (loss) 5,968,000 (22,588,000) (154,129,000)
Other income (expense), net      
Finance income 18,430,000 11,448,000 5,831,000
Finance costs (57,629,000) (39,024,000) (23,766,000)
Net gain (loss) from currency exchange difference 2,902,000 (2,056,000) 3,636,000
Profit (loss) before income tax (30,329,000) (52,220,000) (168,428,000)
Income tax      
Current income tax (64,928,000) (30,368,000) (7,026,000)
Deferred income tax 0 1,071,000 0
Income tax expense (64,928,000) (29,297,000) (7,026,000)
Discontinued operations      
Profit (loss) for the year (95,257,000) (81,517,000) (175,454,000)
Attributable to:      
Net loss from continued operations (95,257,000) (81,517,000) (175,454,000)
Sociedads Minera Cerro Verde Saa [Member]      
Operating income:      
Revenue 2,890,066,000 3,054,026,000 3,202,931,000
Total operating income 2,890,066,000 3,054,026,000 3,202,931,000
Operating costs      
Cost of sales of goods, excluding depreciation and amortization (1,954,749,000) (2,010,972,000) (1,768,238,000)
Gross profit (loss) 935,317,000 1,043,054,000 1,434,693,000
Operating expenses, net      
Selling expenses (109,483,000) (137,008,000) (141,669,000)
Other operating expenses 38,116,000 68,683,000 258,826,000
Other operating income 680,000 0 0
Total operating expenses, net (146,919,000) (205,691,000) (400,495,000)
Operating profit (loss) 788,398,000 837,363,000 1,034,198,000
Other income (expense), net      
Finance income 10,356,000 28,089,000 5,350,000
Finance costs (115,877,000) (426,733,000) (216,912,000)
Net gain (loss) from currency exchange difference 5,574,000 6,161,000 13,288,000
Total other income (expenses), net (99,947,000) (392,483,000) (198,274,000)
Profit (loss) before income tax 688,451,000 444,880,000 835,924,000
Income tax      
Income tax expense 298,074,000 325,170,000 486,043,000
Discontinued operations      
Profit (loss) for the year 390,377,000 119,710,000 349,881,000
Attributable to:      
Net loss from continued operations $ 390,377,000 $ 119,710,000 $ 349,881,000
Basic and diluted profit (loss) per share attributable to equity holders of the parent, stated in U.S. dollars $ 1.115 $ 0.342 $ 1.000