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Sales (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure of associates [line items]  
Schedule of net sales to customers by geographical areas

(a)

The Group’s sales are mostly from sales of gold and precious metals in the form of concentrates, including silver-lead, silver-gold, zinc and lead-gold-copper concentrates and ounces of gold. Set out below is the disaggregation of the Group’s revenue from contracts with customers:

    

2021

    

2020

    

2019

US$(000)

US$(000)

US$(000)

Revenues by geographic region:

Metal and concentrates sales -

Peru

 

702,962

 

389,854

 

476,978

America - other than Peru

 

145,988

 

163,500

 

171,769

Europe

 

51,803

 

39,110

 

60,475

Asia

 

23,637

 

42,210

 

105,645

924,390

634,674

814,867

Services -

Peru

20,936

 

20,173

 

23,501

America - other than Peru

 

96

 

92

 

130

Europe

 

20

20

30

21,052

 

20,285

 

23,661

Royalties -

Peru

15,928

 

18,638

 

22,297

 

961,370

 

673,597

 

860,825

Revenues by type of good or services:

Sales by metal -

Copper

 

340,522

 

181,311

 

238,304

Silver

 

316,930

 

230,498

 

298,171

Gold

 

262,676

 

229,590

 

254,194

Zinc

 

143,580

 

120,546

 

149,317

Lead

 

51,907

 

48,426

 

89,141

Manganese sulfate

 

4,976

 

4,051

 

6,046

 

1,120,591

 

814,422

 

1,035,173

Commercial deductions, note 2.4(q)

 

(196,201)

 

(179,748)

 

(220,306)

Sales of goods, note 20(b)

 

924,390

 

634,674

 

814,867

Sales of Services, note 20(b)

 

21,052

 

20,285

 

23,661

Royalties income, note 20(b)

 

15,928

 

18,638

 

22,297

Total revenue from contracts with customers

 

961,370

 

673,597

 

860,825

Revenues by type of recognition:

Goods transferred at a point in time

 

924,390

 

634,674

 

814,867

Services transferred over time

 

21,052

 

20,285

 

23,661

Royalties at a point of time

 

15,928

 

18,638

 

22,297

 

961,370

 

673,597

 

860,825

(b)

Set out below, is the reconciliation of the revenue from contracts with customers with the amounts disclosed in the consolidated statement of profit or loss:

    

2021

    

2020

    

2019

US$(000)

US$(000)

US$(000)

Contracts with customers for sale of goods (a)

 

924,390

 

634,674

 

814,867

Hedge operations, note 34(a)

 

(51,952)

 

(6,464)

 

4,322

Fair value of accounts receivables

 

(5,137)

 

4,255

 

394

Adjustments to prior period liquidations

 

(3,831)

 

5,154

 

2,347

Sale of goods

 

863,470

 

637,619

 

821,930

Sale of services, note 20(a)

 

21,052

 

20,285

 

23,661

Royalty income, note 20(a)

 

15,928

 

18,638

 

22,297

 

900,450

 

676,542

 

867,888

Sociedad Minera Cerro Verde S.A.A. [Member]  
Disclosure of associates [line items]  
Schedule of net sales by geographic region

(b)

The following table shows sales by geographic region based on the final destination port:

    

For the year ended

    

For the year ended

    

For the year ended

December 31, 2021

December 31, 2020

December 31, 2019

US$(000)

US$(000)

US$(000)

Asia

 

3,223,191

 

2,096,084

 

2,374,350

North America

 

429,330

 

120,865

 

265,599

Europe

 

314,425

 

207,954

 

77,716

South America (primarily Peru)

232,502

106,489

168,077

Central America

 

 

7,201

 

11,152

 

4,199,448

 

2,538,593

 

2,896,894

Schedule of revenue by type of products

(a)

This item is made up as follows:

    

For the year ended

    

For the year ended

    

For the year ended 

December 31, 2021

December 31, 2020

December 31, 2019

    

Pounds (000)

    

US$(000)

    

Pounds (000)

    

US$(000)

    

Pounds (000)

    

US$(000)

Copper in concentrate

 

794,205

 

3,421,871

 

743,274

 

2,088,167

 

912,974

 

2,294,249

Copper cathode

 

91,802

 

394,256

 

83,870

 

241,808

 

88,875

 

244,277

Other (primarily silver and molybdenum concentrate)

 

383,321

 

208,618

 

358,368

Total revenues

 

4,199,448

 

2,538,593

 

2,896,894

Minera Yanacocha SRL and subsidiary [Member]  
Disclosure of associates [line items]  
Schedule of net sales by geographic region

    

2021

    

2020

    

2019

US$(000)

US$(000)

US$(000)

Sales and services by geographic region:

 

  

 

  

 

  

Metal sales

 

  

 

  

 

  

Europe (Switzerland)

 

450,832

 

590,002

 

734,526

Singapore

 

19,656

 

1,257

 

America

581

1,135

 

471,069

 

592,394

 

734,526

Schedule of net sales to customers by geographical areas

(a)

The Company’s revenues are mainly from sales of gold ounces. The table below presents the sales to customers by geographic region:

    

2021

    

2020

    

2019

US$(000)

US$(000)

US$(000)

Sales and services by geographic region:

 

  

 

  

 

  

Metal sales

 

  

 

  

 

  

Europe (Switzerland)

 

450,832

 

590,002

 

734,526

Singapore

 

19,656

 

1,257

 

America

581

1,135

 

471,069

 

592,394

 

734,526

Schedule of other operating revenue

(b)

Other operating revenue is made up as follows:

    

2021

    

2020

    

2019

US$(000)

US$(000)

US$(000)

Copper and silver in concentrate

 

58,236

 

27,765

 

4,098

Others

 

512

 

3

 

678

 

58,748

 

27,768

 

4,776