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Transactions with related companies and joint venture (Tables)
12 Months Ended
Dec. 31, 2023
Transactions with related companies and joint venture  
Schedule of transactions with associates companies.

(a)

The Group has carried out the following transactions with its related companies and joint venture in the years 2023, 2022 and 2021:

    

2023

    

2022

    

2021

US$(000)

US$(000)

US$(000)

Associates -

 

  

 

  

 

  

Revenues from:

 

  

 

  

 

  

Energy

 

3,669

 

3,415

 

3,255

Royalties

 

 

1,381

 

15,928

Supplies, note 28(a)

 

1,104

 

179

 

169

Mineral

 

 

 

Purchase of:

 

 

 

  

Supplies

 

81

 

57

 

53

Services rendered to:

 

 

 

  

Administrative and Management services

 

 

816

 

802

Operation and maintenance services related to energy transmission

 

 

310

 

262

Services of energy transmission

183

153

Constructions services

 

 

 

8

Contributions granted and paid from:

Tinka Resources Ltd.

1,676

Dividends received and collected from:

 

 

 

  

Sociedad Minera Cerro Verde S.A.A.

 

146,884

 

78,338

 

137,091

Compañía Minera Coimolache S.A.

 

402

 

802

 

11,320

147,286

79,140

148,411

Joint Venture -

Interest income:

 

 

 

  

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

 

23

 

94

 

89

Non-controlling shareholders -

Dividends paid to:

 

 

 

  

Newmont Peru Limited - Succursal del Perú

 

 

2,647

 

6,160

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:

    

2023

    

2022

US$(000)

US$(000)

Trade and other receivables, note 7(a)

 

  

 

  

Minera Yanacocha S.R.L.

 

 

312

Compañía Minera Coimolache S.A.

 

421

 

55

 

421

 

367

Other receivables, note 7(a)

 

  

 

  

Transportadora Callao S.A.

 

2,486

 

1,612

Compañía Minera Coimolache S.A.

 

 

1,025

Ferrocarril Central Andino S.A.

 

 

150

Banco Pichincha

 

 

55

2,486

2,842

2,907

3,209

Trade and other payables, note 14(a)

 

  

 

  

Compañía Minera Coimolache S.A.

 

454

 

163

Other payables, note 14(a)

 

  

 

  

Other minor

 

 

 

14

 

20

 

468

 

183

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 2023 and 2022 are presented below:

    

2023

    

2022

US$(000)

US$(000)

Accounts payable:

Bonus to officers

7,750

14,861

Directors’ remuneration

 

2,027

3,455

Salaries

 

847

933

Total

 

10,624

19,249

Payments:

Salaries

10,487

10,230

Directors’ remuneration

3,376

2,956

Total

13,863

13,186

Expenses:

Salaries

 

11,335

11,163

Directors’ remuneration

 

2,027

3,455

Total

 

13,362

14,618