XML 445 R3.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated statements of profit or loss - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Continuing operations      
Sales of goods $ 863,470,000 $ 637,619,000 $ 821,930,000
Sales of services 21,052,000 20,285,000 23,661,000
Royalty income 15,928,000 18,638,000 22,297,000
Total sales 900,450,000 676,542,000 867,888,000
Operating costs      
Cost of sales of goods, excluding depreciation and amortization (529,731,000) (393,888,000) (512,874,000)
Unabsorbed cost due to production stoppage (25,509,000) (27,758,000) 0
Cost of sales of services, excluding depreciation and amortization (1,269,000) (1,554,000) (3,378,000)
Depreciation and amortization (187,211,000) (189,620,000) (226,335,000)
Exploration in operating units (56,412,000) (28,044,000) (44,163,000)
Mining royalties (12,974,000) (11,749,000) (12,832,000)
Total operating costs (813,106,000) (652,613,000) (799,582,000)
Gross profit 87,344,000 23,929,000 68,306,000
Operating expenses, net      
Administrative expenses (67,585,000) (67,185,000) (76,297,000)
Selling expenses (20,827,000) (18,533,000) (24,313,000)
Exploration in non-operating areas (11,270,000) (8,475,000) (11,879,000)
Write-off of stripping activity asset (6,763,000) (11,633,000) 0
Reversal (provision) of contingencies and others (2,687,000) (4,150,000) 2,968,000
Impairment recovery (loss) of long-lived assets (14,910,000) 2,083,000 (2,083,000)
Other, net (29,260,000) 2,690,000 (11,090,000)
Total operating expenses, net (153,302,000) (105,203,000) (122,694,000)
Operating loss (65,958,000) (81,274,000) (54,388,000)
Other income (expense), net      
Share in the results of associates and joint venture 240,450,000 62,702,000 89,290,000
Finance income 5,952,000 2,411,000 6,050,000
Finance costs (60,629,000) (37,822,000) (42,173,000)
Net loss from currency exchange difference (18,686,000) (4,116,000) (734,000)
Profit (loss) before income tax 101,129,000 (58,099,000) (1,955,000)
Income tax      
Current income tax (20,375,000) (9,924,000) (11,911,000)
Deferred income tax 44,046,000 (15,506,000) 37,501,000
Total income tax 23,671,000 (25,430,000) 25,590,000
Profit (loss) from continuing operations 124,800,000 (83,529,000) 23,635,000
Discontinued operations      
Loss for the year (numerator) (387,604,000) (66,810,000) (52,094,000)
Profit (Loss) for the year (262,804,000) (150,339,000) (28,459,000)
Attributable to:      
Equity holders of the parent (264,075,000) (135,718,000) (12,208,000)
Non-controlling interest 1,271,000 (14,621,000) (16,251,000)
Profit (Loss) for the year $ (262,804,000) $ (150,339,000) $ (28,459,000)
Basic loss per share attributable to equity holders of the parent, stated in U.S. dollars $ (1.04) $ (0.53) $ (0.05)
Diluted loss per share attributable to equity holders of the parent, stated in U.S. dollars (1.04) (0.53) (0.05)
Profit (loss) from continuing operations, basic per share attributable to equity holders of the parent, expressed in US dollars 0.49 (0.27) 0.16
Profit (loss) per diluted share 0.49 (0.27) 0.16
Loss per basic share (1.53) (0.26) (0.21)
Loss from the discontinued operations, per diluted share, express in U.S. dollars $ (1.53) $ (0.26) $ (0.21)
Minera Yanacocha SRL and subsidiary [Member]      
Continuing operations      
Sales of goods $ 471,069,000 $ 592,394,000 $ 734,526,000
Other operating revenue 58,748,000 27,768,000 4,776,000
Total sales 529,817,000 620,162,000 739,302,000
Operating costs      
Cost of sales of goods, excluding depreciation and amortization (1,252,710,000) (666,456,000) (692,721,000)
Other operating costs (266,000) (1,247,000) (1,160,000)
Total operating costs (1,252,976,000) (667,703,000) (693,881,000)
Gross profit (723,159,000) (47,541,000) 45,421,000
Operating expenses, net      
Administrative expenses (904,000) (1,227,000) (1,744,000)
Selling expenses (2,365,000) (1,922,000) (1,722,000)
Reversal (provision) of contingencies and others 97,592,000 0 0
Loss on assets held for sale (152,224,000) 0 0
Other, net (36,291,000) (34,322,000) (35,987,000)
Total operating expenses, net (94,192,000) (37,471,000) (39,453,000)
Operating loss (817,351,000) (85,012,000) 5,968,000
Other income (expense), net      
Finance income 979,000 8,100,000 18,430,000
Finance costs (92,970,000) (36,699,000) (57,629,000)
Net loss from currency exchange difference (7,311,000) 1,180,000 2,902,000
Profit (loss) before income tax (916,653,000) (112,431,000) (30,329,000)
Income tax      
Current income tax (50,008,000) (53,018,000) (64,928,000)
Deferred income tax (1,021,000) 1,071,000  
Total income tax (51,029,000) (53,018,000) (64,928,000)
Discontinued operations      
Profit (Loss) for the year (967,682,000) (165,449,000) (95,257,000)
Attributable to:      
Profit (Loss) for the year (967,682,000) (165,449,000) (95,257,000)
Sociedad Minera Cerro Verde S.A.A      
Continuing operations      
Sales of goods 4,199,448,000 2,538,593,000 2,896,894,000
Operating costs      
Cost of sales of goods, excluding depreciation and amortization (2,155,088,000) (1,809,255,000) (1,961,577,000)
Gross profit 2,044,360,000 729,338,000 935,317,000
Operating expenses, net      
Selling expenses (109,886,000) (97,680,000) (109,483,000)
Other operating expenses (8,510,000) (38,484,000) (38,116,000)
Other operating income 400,000 6,157,000 680,000
Total operating expenses, net (117,996,000) (130,007,000) (146,919,000)
Operating loss 1,926,364,000 599,331,000 788,398,000
Other income (expense), net      
Finance income 2,820,000 2,350,000 10,356,000
Finance costs (31,500,000) (142,675,000) (115,877,000)
Net loss from currency exchange difference 29,493,000 52,464,000 5,574,000
Profit (loss) before income tax 1,927,177,000 511,470,000 688,451,000
Income tax      
Total income tax 735,703,000 236,926,000 298,074,000
Discontinued operations      
Profit (Loss) for the year 1,191,474,000 274,544,000 390,377,000
Attributable to:      
Profit (Loss) for the year $ 1,191,474,000 $ 274,544,000 $ 390,377,000
Basic loss per share attributable to equity holders of the parent, stated in U.S. dollars $ 3.404 $ 0.784 $ 1.115
Diluted loss per share attributable to equity holders of the parent, stated in U.S. dollars $ 3.404 $ 0.784 $ 1.115