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Transactions with associates companies (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure of acquired receivables [line items]  
Schedule of transactions with associates companies.

(a)

The Group has carried out the following transactions with its related companies in the years 2021, 2020 and 2019:

    

2021

    

2020

    

2019

US$(000)

US$(000)

US$(000)

Associates -

 

  

 

  

 

  

Revenues from:

 

  

 

  

 

  

Royalties

 

15,928

 

18,638

 

22,297

Energy

 

3,255

 

3,173

 

3,181

Supplies, note 28(a)

 

169

 

890

 

1,259

Mineral

 

 

211

 

683

Mining concessions, property, plant and equipment, note 28(a)

 

 

 

11

Purchase of:

 

 

  

 

  

Supplies

 

53

 

55

 

9

Services rendered to:

 

 

  

 

  

Administrative and Management services

 

802

 

672

 

359

Operation and maintenance services related to energy transmission

 

262

 

280

 

287

Services of energy transmission

153

320

287

Constructions services

 

8

 

72

 

4

Dividends received and collected from:

 

 

  

 

  

Sociedad Minera Cerro Verde S.A.A.

 

137,091

 

 

29,377

Compañía Minera Coimolache S.A.

 

11,320

 

3,649

 

4,011

148,411

3,649

33,388

Joint Venture -

Interest income:

 

 

  

 

  

Transportadora Callao S.A., note 29(a)

 

89

 

114

 

86

Non-controlling shareholders -

Dividends paid to:

 

 

  

 

  

Newmont Peru Limited - Sucursal del Perú

 

6,160

 

5,140

 

6,500

accounts receivable and payable from/to associates

(b)

As a result of the transactions indicated in the paragraph (a), the Group had the following accounts receivable and payable from/to associates:

    

2021

    

2020

US$(000)

US$(000)

Trade and other receivables, note 7(a)

 

  

 

  

Minera Yanacocha S.R.L.

 

4,314

 

5,604

Compañía Minera Coimolache S.A.

 

312

 

469

 

4,626

 

6,073

Other receivables, note 7(a)

 

  

 

  

Transportadora Callao S.A.

 

1,855

 

2,035

Compañía Minera Coimolache S.A.

 

443

 

277

 

2,298

 

2,312

 

6,924

 

8,385

Trade and other payables, note 14(a)

 

  

 

  

Compañía Minera Coimolache S.A.

 

113

 

141

Other payables, note 14(a)

 

  

 

  

Compañía Minera Coimolache S.A.

 

 

292

Other minor

 

14

 

36

 

14

 

328

 

127

 

469

Schedule of Group's Key executives compensation

The Group’s key executives’ compensation (including the related income taxes assumed by the Group) for the years ended 2021 and 2020 are presented below:

    

2021

2020

    

US$(000)

US$(000)

Accounts payable:

Directors’ remuneration

 

1,639

1,797

 

Salaries

 

847

856

 

Bonus to officers

 

11,650

5,828

 

Total

 

14,136

8,481

 

2021

2020

2019

US$(000)

US$(000)

US$(000)

Disbursements:

Salaries

 

10,278

11,586

 

12,690

Directors’ compensations

 

1,841

1,797

 

1,746

Total

 

12,119

13,383

 

14,436

Minera Yanacocha SRL and subsidiary [Member]  
Disclosure of acquired receivables [line items]  
Schedule of transactions carried out by the company with its related parties

(a)

The main transactions carried out by the Company with its related parties in the years 2021 and 2020 were:

    

2021

    

2020

    

2019

US$(000)

US$(000)

US$(000)

Royalties accrued:

 

  

 

  

 

  

Affiliates:

S.M.R.L. Chaupiloma Dos de Cajamarca, note 19 and 1(a)

 

15,928

 

18,638

 

22,297

Services rendered by:

 

 

 

  

Affiliates:

Newmont USA Limited

 

10,283

 

10,214

 

4,118

Newmont International Services

 

6,967

 

5,264

 

10,822

Newmont Peru S.R.L. (management services) (b)

 

5,221

 

9,017

 

10,729

(b)

Management services including key personnel are provided by a related party.

Schedule of outstanding balances with related party transactions

(c)

As a result of the transactions indicated in the paragraph (a), the Company had the following accounts receivable and payable from and (or) to affiliates:

    

2021

    

2020

US$(000)

US$(000)

Balance receivable from related parties, note 6

 

  

 

  

Newmont USA Limited

 

1,652

 

435

Newmont International Services Limited

 

288

 

1,431

Oroplata S.A.

59

254

Newmont Global Employment Limited

 

24

 

5

Newmont Peru S.R.L.

 

16

 

22

Newmont Technologies Limited

 

8

 

Suriname Gold Company

 

1

 

Others

 

3

 

(3)

NVL, USA Limited, Delaware

156

 

2,051

 

2,300

Balance payable for related parties, note 12

 

  

 

  

Newmont USA Limited.

 

4,492

 

2,366

S.M.R Chaupiloma Dos de Cajamarca

 

3,623

 

4,596

Newmont International Service Limited

2,534

4,227

Newmont Peru S.R.L.

 

769

 

1,033

Newmont Technologies Limited.

 

293

 

142

Newmont Mining Services Pty Ltd

 

258

 

Suriname Gold Company LLC

 

5

 

Newmont Global Employment Limited P

118

NVL, USA Limited, Delawar

222

Others

 

3

 

10

 

12,317

 

12,374