XML 40 R16.htm IDEA: XBRL DOCUMENT
v3.24.4

Other Financial Liabilities (debt) | 12 Months Ended
--- | ---
Dec. 31, 2023
Sociedad Minera Cerro Verde S.A.A. |
Disclosure Of Other Financial Liabilities debt [Line Items] |
Other financial liabilities (debt) | 10. Other financial liabilities (debt) This item is made up as follows: ​
​ | ​ | ​ | ​ | ​
​ |  | December 31, 2023 |  | December 31, 2022
​ | ​ | US$(000) | ​ | US$(000)
Current debt: | ​ | ​ | ​ | ​
Lease liabilities (a) | ​ | 9,909 | ​ | 7,028
​ | ​ | ​ | ​ | ​
Non-current debt: | ​ | ​ | ​ | ​
Lease liabilities (a) | ​ | 49,683 | ​ | 56,097
​ | ​ | ​ | ​ | ​
Total other financial liabilities |  | 59,592 |  | 63,125
| (a) | The lease liability consists of leased land, buildings and other constructions, and machinery and equipment which are used in mine operations.
​ Set out below are the carrying amounts of lease liabilities and the movements during the period: ​
​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
​ | ​ | US$(000) | ​ | US$(000)
​ | ​ | ​ | ​ | ​
Balance at beginning of the year |  | 63,125 | ​ | 70,120
Additions |  | 3,946 | ​ | 4,957
Accrued interest (see Note 18) | ​ | 3,685 | ​ | 3,912
Payments | ​ | (7,423) | ​ | (12,327)
Interest payments |  | (3,685) | ​ | (3,912)
Exchange rate effect |  | (56) | ​ | 375
​ | ​ | ​ | ​ | ​
Total lease liabilities |  | 59,592 | ​ | 63,125
​ For the year ended December 31, 2023, the following are the amounts recognized in profit: ​
​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
​ | ​ | US$(000) | ​ | US$(000)
​ | ​ | ​ | ​ | ​
Expenses related to variable lease payments, low-value and short-term leases |  | 17,755 | ​ | 13,431
Depreciation charge of right-of-use assets (see Note 7(b) and 15) |  | 11,117 | ​ | 12,708
Interest expense on lease liabilities (see Note 18) |  | 3,685 | ​ | 3,912
​ |  | ​ | ​ | ​
​ |  | 32,557 | ​ | 30,051
​ The Company has certain lease contracts for machinery and equipment used in mine operations that contain variable payments based on the number of hours that machinery or equipment is used in operations.
| (b) | Revolving Credit Facility -
On May 31, 2022, the Company entered into a US$350 million, senior unsecured revolving credit facility with several banks led by the Bank of Nova Scotia. The revolving credit facility expires on May 31, 2027. In May 2022, the Company borrowed US$325 million on this revolving credit facility, which was repaid using operating cash flows during June 2022. During the year ended December 31, 2022, the Company has recognized debt issuance costs related to the revolving credit facility of US$3.5 million, which are being amortized over the term of the revolving credit facility agreement. For the years ended December 31, 2023 and 2022, the Company recognized interest expense in the statements of comprehensive income of US$1.9 million associated with the revolving credit facility (see Note 18). Interest on the revolving credit facility is calculated based on the adjusted Secured Overnight Financing Rate plus a spread and credit rate differential adjustment contemplated in the contract, and the undrawn portion is subject to a commitment fee of 0.50%. Restrictive Covenants – The revolving credit facility contains certain financial ratios that the Company must comply with on a quarterly basis, including a total net debt to earnings before interest, taxes, depreciation, and amortization ratio (which cannot exceed 3.50 to 1) and an interest coverage ratio (which cannot be less than 3.0 to 1), defined by the agreement. As of December 31, 2023, the Company was in compliance with all of its covenants. Following is the movement of the changes derived from the financing activities for the year ended December 31, 2023 and 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ | ​ | ​ |  | Long term |  | ​ |  | ​ |  | ​ |  | ​ |  | Long term |  | ​ |  | ​
​ | ​ | January 1, | ​ | ​ | ​ | ​ | ​ | to short term | ​ | ​ | ​ | December 31, | ​ | ​ | ​ | ​ | ​ | to short term | ​ | ​ | ​ | December 31,
​ |  | 2022 |  | Additions |  | Payments |  | transfers |  | Others |  | 2022 |  | Additions |  | Payments |  | transfers |  | Others |  | 2023
​ | ​ | US$(000) | ​ | US$(000) | ​ | US$(000) | ​ | US$(000) | ​ | US$(000) | ​ | US$(000) | ​ | US$(000) | ​ | US$(000) | ​ | US$(000) | ​ | US$(000) | ​ | US$(000)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revolving credit facility | ​ | — | ​ | 325,000 | ​ | (325,000) | ​ | — | ​ | — | ​ | — | ​ | — | ​ | — | ​ | — | ​ | — | ​ | —
Senior unsecured credit facility | ​ | 325,000 | ​ | — | ​ | (325,000) | ​ | — | ​ | — | ​ | — | ​ | — | ​ | — | ​ | — | ​ | — | ​ | —
Lease liabilities, see Note 10 (a) |  | 7,617 |  | — | ​ | (12,327) |  | 11,537 |  | 201 |  | 7,028 |  | — |  | (7,423) |  | 10,376 |  | (72) |  | 9,909
Senior unsecured credit facility debt issuance costs | ​ | (305) | ​ | — | ​ | — | ​ | — | ​ | 305 | ​ | — | ​ | — | ​ | — | ​ | — | ​ | — | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-current: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Lease liabilities, see Note 10 (a) | ​ | 62,503 | ​ | 4,957 | ​ | — | ​ | (11,537) | ​ | 174 | ​ | 56,097 | ​ | 3,946 | ​ | — | ​ | (10,376) | ​ | 16 | ​ | 49,683
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total liabilities from financing activities |  | 394,815 |  | 329,957 | ​ | (662,327) |  | — |  | 680 |  | 63,125 |  | 3,946 |  | (7,423) |  | — |  | (56) |  | 59,592
​

X
- References No definition available. + Details
Name: | bvn_DisclosureOfOtherFinancialLiabilitiesDebtLineItems
Namespace Prefix: | bvn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition . + References No definition available. + Details
Name: | bvn_DisclosureOfOtherFinancialLiabilitiesTextBlock
Namespace Prefix: | bvn_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | ifrs-full_SignificantInvestmentsInAssociatesAxis=bvn_SociedadMineraCerroVerdeSaaMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |