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Property, plant, equipment and development costs (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
Property, plant, equipment and development costs |  |  |
Opening balance | $ 1,537,870 | $ 1,650,361 |
Property, plant, equipment and development cost | 1,535,195 | 1,537,870 | $ 1,650,361
Final balances | 1,535,195 | 1,537,870 | 1,650,361
Gross carrying amount [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 3,851,044 | 3,771,978 |
Additions | 164,784 | 90,309 |
Disposals | (45,204) | (9,761) |
Sales | (1,854) | (1,183) |
Changes in estimations | (10,157) | (299) |
Reclassifications and transfers | 0 | 0 |
Property, plant, equipment and development cost | 3,958,613 | 3,851,044 | 3,771,978
Final balances | 3,958,613 | 3,851,044 | 3,771,978
Accumulated depreciation, amortisation and impairment [member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 2,286,755 | 2,095,342 |
Additions | 173,239 | 178,294 |
Disposals | (41,280) | (583) |
Sales | (1,841) | 1,064 |
Changes in estimations | 0 | 0 |
Reclassifications and transfers | 0 | 14,766 |
Property, plant, equipment and development cost | 2,416,873 | 2,286,755 | 2,095,342
Final balances | 2,416,873 | 2,286,755 | 2,095,342
Accumulated impairment [member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 26,419 | 26,275 |
Additions | 0 | 19,874 |
Disposals | (19,874) | (4,964) |
Sales | 0 | 0 |
Changes in estimations | 0 | (14,766) |
Reclassifications and transfers | 0 | (14,766) |
Property, plant, equipment and development cost | 6,545 | 26,419 | 26,275
Final balances | 6,545 | 26,419 | 26,275
Land | Gross carrying amount [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 17,703 | 17,650 |
Additions | 0 | 0 |
Disposals | 0 | 0 |
Sales | 0 | 0 |
Changes in estimations | 0 | 0 |
Reclassifications and transfers | 1,062 | 53 |
Property, plant, equipment and development cost | 18,765 | 17,703 | 17,650
Final balances | 18,765 | 17,703 | 17,650
Mining concessions [Member] | Gross carrying amount [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 151,873 | 151,873 |
Additions | 0 | 0 |
Disposals | 0 | 0 |
Sales | 0 | 0 |
Changes in estimations | 0 | 0 |
Reclassifications and transfers | 0 | 0 |
Property, plant, equipment and development cost | 151,873 | 151,873 | 151,873
Final balances | 151,873 | 151,873 | 151,873
Mining concessions [Member] | Accumulated depreciation, amortisation and impairment [member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 40,277 | 40,270 |
Additions | 6 | 7 |
Disposals | 0 | 0 |
Sales | 0 | 0 |
Changes in estimations | 0 | 0 |
Reclassifications and transfers | 0 | 0 |
Property, plant, equipment and development cost | 40,283 | 40,277 | 40,270
Final balances | 40,283 | 40,277 | 40,270
Development costs [Member] | Gross carrying amount [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 844,981 | 813,232 |
Additions | 59,702 | 31,749 |
Disposals | 0 | 0 |
Sales | 0 | 0 |
Changes in estimations | 0 | 0 |
Reclassifications and transfers | 0 | 0 |
Property, plant, equipment and development cost | 904,683 | 844,981 | 813,232
Final balances | 904,683 | 844,981 | 813,232
Development costs [Member] | Accumulated depreciation, amortisation and impairment [member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 361,581 | 340,999 |
Additions | 26,907 | 20,582 |
Disposals | 0 | 0 |
Sales | 0 | 0 |
Changes in estimations | 0 | 0 |
Reclassifications and transfers | 0 | 0 |
Property, plant, equipment and development cost | 388,488 | 361,581 | 340,999
Final balances | 388,488 | 361,581 | 340,999
Development costs [Member] | Accumulated impairment [member] |  |  |
Property, plant, equipment and development costs |  |  |
Reclassifications and transfers | 0 | (6,665) |
Buildings and other constructions | Gross carrying amount [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 1,350,395 | 1,343,060 |
Additions | 0 | 31 |
Disposals | (123) | (11) |
Sales | 0 | 0 |
Changes in estimations | 0 | 0 |
Reclassifications and transfers | 3,510 | 7,315 |
Property, plant, equipment and development cost | 1,353,782 | 1,350,395 | 1,343,060
Final balances | 1,353,782 | 1,350,395 | 1,343,060
Buildings and other constructions | Accumulated depreciation, amortisation and impairment [member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 765,694 | 698,324 |
Additions | 58,345 | 66,445 |
Disposals | (121) | (3) |
Sales | 0 | 0 |
Changes in estimations | 0 | 0 |
Reclassifications and transfers | 0 | 928 |
Property, plant, equipment and development cost | 823,918 | 765,694 | 698,324
Final balances | 823,918 | 765,694 | 698,324
Machinery and equipment | Gross carrying amount [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 902,397 | 883,192 |
Additions | 10 | 5 |
Disposals | (41,053) | (393) |
Sales | (34) | (249) |
Changes in estimations | 0 | 0 |
Reclassifications and transfers | 12,695 | 19,842 |
Property, plant, equipment and development cost | 874,015 | 902,397 | 883,192
Final balances | 874,015 | 902,397 | 883,192
Machinery and equipment | Accumulated depreciation, amortisation and impairment [member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 742,340 | 686,466 |
Additions | 42,698 | 56,384 |
Disposals | (40,355) | (340) |
Sales | (34) | 170 |
Changes in estimations | 0 | 0 |
Reclassifications and transfers | 0 | 0 |
Property, plant, equipment and development cost | 744,649 | 742,340 | 686,466
Final balances | 744,649 | 742,340 | 686,466
Transportation units | Gross carrying amount [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 7,662 | 8,409 |
Additions | 15 | 70 |
Disposals | (277) | (152) |
Sales | (1,816) | (934) |
Changes in estimations | 0 | 0 |
Reclassifications and transfers | 73 | 269 |
Property, plant, equipment and development cost | 5,657 | 7,662 | 8,409
Final balances | 5,657 | 7,662 | 8,409
Transportation units | Accumulated depreciation, amortisation and impairment [member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 6,650 | 7,083 |
Additions | 478 | 604 |
Disposals | (153) | (143) |
Sales | (1,803) | 894 |
Changes in estimations | 0 | 0 |
Reclassifications and transfers | 0 | 0 |
Property, plant, equipment and development cost | 5,172 | 6,650 | 7,083
Final balances | 5,172 | 6,650 | 7,083
Fixtures and fittings | Gross carrying amount [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 11,770 | 11,737 |
Additions | 0 | 33 |
Disposals | (702) | (98) |
Sales | (4) | 0 |
Changes in estimations | 0 | 0 |
Reclassifications and transfers | 7 | 98 |
Property, plant, equipment and development cost | 11,071 | 11,770 | 11,737
Final balances | 11,071 | 11,770 | 11,737
Fixtures and fittings | Accumulated depreciation, amortisation and impairment [member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 10,328 | 9,824 |
Additions | 548 | 601 |
Disposals | (651) | (97) |
Sales | (4) | 0 |
Changes in estimations | 0 | 0 |
Reclassifications and transfers | 0 | 0 |
Property, plant, equipment and development cost | 10,221 | 10,328 | 9,824
Final balances | 10,221 | 10,328 | 9,824
Units in transit [Member] | Gross carrying amount [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 2,875 | 3,381 |
Additions | 12,811 | 0 |
Disposals | 0 | (506) |
Sales | 0 | 0 |
Changes in estimations | 0 | 0 |
Reclassifications and transfers | 0 | 0 |
Property, plant, equipment and development cost | 15,686 | 2,875 | 3,381
Final balances | 15,686 | 2,875 | 3,381
Work in Progress [Member] | Gross carrying amount [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 46,287 | 34,934 |
Additions | 65,577 | 40,768 |
Disposals | (3,049) | (1,838) |
Sales | 0 | 0 |
Changes in estimations | 0 | 0 |
Reclassifications and transfers | (17,347) | (27,577) |
Property, plant, equipment and development cost | 91,468 | 46,287 | 34,934
Final balances | 91,468 | 46,287 | 34,934
Stripping activity asset [Member] | Gross carrying amount [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 163,487 | 152,597 |
Additions | 26,669 | 17,653 |
Disposals | 0 | (6,763) |
Sales | 0 | 0 |
Changes in estimations | 0 | 0 |
Reclassifications and transfers | 0 | 0 |
Property, plant, equipment and development cost | 190,156 | 163,487 | 152,597
Final balances | 190,156 | 163,487 | 152,597
Stripping activity asset [Member] | Accumulated depreciation, amortisation and impairment [member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 132,159 | 111,455 |
Additions | 21,769 | 14,039 |
Disposals | 0 | 0 |
Sales | 0 | 0 |
Changes in estimations | 0 | 0 |
Reclassifications and transfers | 0 | 6,665 |
Property, plant, equipment and development cost | 153,928 | 132,159 | 111,455
Final balances | 153,928 | 132,159 | 111,455
Right-of-use assets [member] | Gross carrying amount [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 19,232 | 16,259 |
Additions | 0 | 0 |
Disposals | 0 | 0 |
Sales | 0 | 0 |
Changes in estimations | 11,712 | 2,973 |
Reclassifications and transfers | 0 | 0 |
Property, plant, equipment and development cost | 30,944 | 19,232 | 16,259
Final balances | 30,944 | 19,232 | 16,259
Right-of-use assets [member] | Accumulated depreciation, amortisation and impairment [member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 13,894 | 9,081 |
Additions | 4,290 | 4,813 |
Disposals | 0 | 0 |
Sales | 0 | 0 |
Changes in estimations | 0 | 0 |
Reclassifications and transfers | 0 | 0 |
Property, plant, equipment and development cost | 18,184 | 13,894 | 9,081
Final balances | 18,184 | 13,894 | 9,081
Mine closure costs [Member] | Gross carrying amount [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 332,382 | 335,654 |
Additions | 0 | 0 |
Disposals | 0 | 0 |
Sales | 0 | 0 |
Changes in estimations | (21,869) | (3,272) |
Reclassifications and transfers | 0 | 0 |
Property, plant, equipment and development cost | 310,513 | 332,382 | 335,654
Final balances | 310,513 | 332,382 | 335,654
Mine closure costs [Member] | Accumulated depreciation, amortisation and impairment [member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 213,832 | 191,840 |
Additions | 18,198 | 14,819 |
Disposals | 0 | 0 |
Sales | 0 | 0 |
Changes in estimations | 0 | 0 |
Reclassifications and transfers | 0 | 7,173 |
Property, plant, equipment and development cost | 232,030 | 213,832 | 191,840
Final balances | 232,030 | 213,832 | 191,840
Mine closure costs [Member] | Accumulated impairment [member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 2,206 | 13,207 |
Additions | 0 | 0 |
Disposals | 0 | (3,828) |
Sales | 0 | 0 |
Changes in estimations | 0 | (7,173) |
Reclassifications and transfers | 0 | (7,173) |
Property, plant, equipment and development cost | 2,206 | 2,206 | 13,207
Final balances | 2,206 | 2,206 | 13,207
Mine Development Cost [Member] | Accumulated impairment [member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 3,488 | 10,153 |
Additions | 0 | 0 |
Disposals | 0 | 0 |
Sales | 0 | 0 |
Changes in estimations | 0 | (6,665) |
Property, plant, equipment and development cost | 3,488 | 3,488 | 10,153
Final balances | 3,488 | 3,488 | 10,153
Mining Concessions And Development Costs [Member] | Accumulated impairment [member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 20,725 | 2,915 |
Additions | 0 | 19,874 |
Disposals | (19,874) | (1,136) |
Sales | 0 | 0 |
Changes in estimations | 0 | (928) |
Reclassifications and transfers | 0 | (928) |
Property, plant, equipment and development cost | 851 | 20,725 | 2,915
Final balances | 851 | 20,725 | 2,915
Sociedad Minera Cerro Verde S.A.A. |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 5,371,534 | 5,495,976 |
Property, plant, equipment and development cost | 5,387,377 | 5,371,534 | 5,495,976
Final balances | $ 5,387,377 | $ 5,371,534 | 5,495,976
Capitalized interest rate | 4.25% | 2.88% |
Sociedad Minera Cerro Verde S.A.A. | Gross carrying amount [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | $ 9,366,048 | $ 9,026,755 |
Additions | 536,355 | 376,890 |
Disposals | (57,988) | (19,131) |
Property, plant, equipment and development cost | 9,826,584 | 9,366,048 | 9,026,755
Final balances | 9,826,584 | 9,366,048 | 9,026,755
Sociedad Minera Cerro Verde S.A.A. | Accumulated depreciation, amortisation and impairment [member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 3,994,514 | 3,530,779 |
Additions | 502,408 | 482,688 |
Disposals | (57,715) | (18,953) |
Property, plant, equipment and development cost | 4,439,207 | 3,994,514 | 3,530,779
Final balances | 4,439,207 | 3,994,514 | 3,530,779
Sociedad Minera Cerro Verde S.A.A. | Land | Gross carrying amount [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 30,382 | 24,905 |
Additions | 0 | 0 |
Disposals | 0 | 0 |
Property, plant, equipment and development cost | 33,202 | 30,382 | 24,905
Final balances | 33,202 | 30,382 | 24,905
Sociedad Minera Cerro Verde S.A.A. | Machinery and equipment | Gross carrying amount [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 5,098,359 | 4,985,749 |
Additions | 0 | 0 |
Disposals | (54,732) | (14,967) |
Property, plant, equipment and development cost | 5,197,630 | 5,098,359 | 4,985,749
Final balances | 5,197,630 | 5,098,359 | 4,985,749
Sociedad Minera Cerro Verde S.A.A. | Machinery and equipment | Accumulated depreciation, amortisation and impairment [member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 2,569,972 |  |
Additions | 272,528 | 279,531 | 2,305,568
Disposals | (54,519) | (14,891) |
Property, plant, equipment and development cost | 2,787,467 | 2,569,972 |
Final balances | 2,787,467 | 2,569,972 |
Sociedad Minera Cerro Verde S.A.A. | Transportation units | Gross carrying amount [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 33,382 | 30,098 |
Additions | 0 | 0 |
Disposals | 0 | (1,132) |
Property, plant, equipment and development cost | 36,377 | 33,382 | 30,098
Final balances | 36,377 | 33,382 | 30,098
Sociedad Minera Cerro Verde S.A.A. | Transportation units | Accumulated depreciation, amortisation and impairment [member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 18,627 | 17,698 |
Additions | 2,160 | 1,969 |
Disposals | 0 | (1,040) |
Property, plant, equipment and development cost | 20,787 | 18,627 | 17,698
Final balances | 20,787 | 18,627 | 17,698
Sociedad Minera Cerro Verde S.A.A. | Fixtures and fittings | Gross carrying amount [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 572 | 949 |
Additions | 0 | 0 |
Disposals | 0 | (377) |
Property, plant, equipment and development cost | 572 | 572 | 949
Final balances | 572 | 572 | 949
Sociedad Minera Cerro Verde S.A.A. | Fixtures and fittings | Accumulated depreciation, amortisation and impairment [member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 551 | 904 |
Additions | 21 | 23 |
Disposals | 0 | (376) |
Property, plant, equipment and development cost | 572 | 551 | 904
Final balances | 572 | 551 | 904
Sociedad Minera Cerro Verde S.A.A. | Work in Progress [Member] | Gross carrying amount [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 126,527 | 118,430 |
Additions | 227,216 | 158,599 |
Disposals | 0 | 0 |
Property, plant, equipment and development cost | 184,265 | 126,527 | 118,430
Final balances | 184,265 | 126,527 | 118,430
Sociedad Minera Cerro Verde S.A.A. | Trailing Dam Projects |  |  |
Property, plant, equipment and development costs |  |  |
Additions | 55,500 | 30,100 |
Additions for capitalization of interest | 1,200 | 400 |
Sociedad Minera Cerro Verde S.A.A. | Mine heavy equipment |  |  |
Property, plant, equipment and development costs |  |  |
Additions | 36,100 | 28,900 |
Sociedad Minera Cerro Verde S.A.A. | Mine Maintenance Truck Shop [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Additions for capitalization of interest | 1,500 | 1,000 |
Sociedad Minera Cerro Verde S.A.A. | Haul Trucks [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Additions |  | 3,200 |
Sociedad Minera Cerro Verde S.A.A. | Operating Processes [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Additions |  | 2,500 |
Sociedad Minera Cerro Verde S.A.A. | Stators For Ball Mills [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Additions | 10,700 | 18,700 |
Additions for capitalization of interest | 100 | 200 |
Sociedad Minera Cerro Verde S.A.A. | Shovels [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Additions |  | 9,200 |
Sociedad Minera Cerro Verde S.A.A. | Belt Replacement Projects [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Additions | 11,100 | 7,900 |
Sociedad Minera Cerro Verde S.A.A. | Mine Support Equipment [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Additions | 32,600 | 17,300 |
Sociedad Minera Cerro Verde S.A.A. | Direct Flotation Reactor Technology Project [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Additions | 11,000 |  |
Sociedad Minera Cerro Verde S.A.A. | Flotation Recovery Technology [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Additions | 8,500 |  |
Sociedad Minera Cerro Verde S.A.A. | Primary Crusher [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Additions |  | 4,300 |
Sociedad Minera Cerro Verde S.A.A. | Rollers [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Additions |  | 9,000 |
Sociedad Minera Cerro Verde S.A.A. | Other projects |  |  |
Property, plant, equipment and development costs |  |  |
Additions for capitalization of interest | 300 | 300 |
Sociedad Minera Cerro Verde S.A.A. | Stripping activity asset [Member] | Gross carrying amount [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 1,159,829 | 945,637 |
Additions | 304,198 | 214,192 |
Disposals | 0 | 0 |
Property, plant, equipment and development cost | 1,464,027 | 1,159,829 | 945,637
Final balances | 1,464,027 | 1,159,829 | 945,637
Sociedad Minera Cerro Verde S.A.A. | Stripping activity asset [Member] | Accumulated depreciation, amortisation and impairment [member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 791,571 | 678,041 |
Additions | 134,186 | 113,530 |
Disposals | 0 | 0 |
Property, plant, equipment and development cost | 925,757 | 791,571 | 678,041
Final balances | 925,757 | 791,571 | 678,041
Sociedad Minera Cerro Verde S.A.A. | Right-of-use assets [member] | Gross carrying amount [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 98,900 | 96,451 |
Additions | 4,941 | 4,099 |
Disposals | (3,137) | (1,650) |
Property, plant, equipment and development cost | 97,356 | 98,900 | 96,451
Final balances | 97,356 | 98,900 | 96,451
Sociedad Minera Cerro Verde S.A.A. | Right-of-use assets [member] | Accumulated depreciation, amortisation and impairment [member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 30,408 | 19,589 |
Additions | 12,708 | 12,459 |
Disposals | (3,124) | (1,640) |
Property, plant, equipment and development cost | 39,851 | 30,408 | 19,589
Final balances | 39,851 | 30,408 | 19,589
Sociedad Minera Cerro Verde S.A.A. | Other equipment | Gross carrying amount [Member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 35,395 | 30,965 |
Additions | 0 | 0 |
Disposals | (58) | (92) |
Property, plant, equipment and development cost | 36,222 | 35,395 | 30,965
Final balances | 36,222 | 35,395 | 30,965
Sociedad Minera Cerro Verde S.A.A. | Other equipment | Accumulated depreciation, amortisation and impairment [member] |  |  |
Property, plant, equipment and development costs |  |  |
Opening balance | 24,090 | 21,240 |
Additions | 3,136 | 2,942 |
Disposals | (58) | (92) |
Property, plant, equipment and development cost | 27,168 | 24,090 | 21,240
Final balances | $ 27,168 | $ 24,090 | $ 21,240

X
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- Definition The increase (decrease) in changes in estimations property plant and equipment. + References No definition available. + Details
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- Definition The decrease in property, plant and equipment resulting from sales. + References No definition available. + Details
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X
- Definition The amount of additions to property, plant and equipment other than those acquired through business combinations. [Refer: Business combinations [member]; Property, plant and equipment] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2022-03-24 -Paragraph 73 -Subparagraph e -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2022-en-r&anchor=para_73_e_i&doctype=Standard -URIDate 2022-03-24 + Details
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