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Investments in associates and joint venture (Tables) | 12 Months Ended
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Dec. 31, 2023
Investments in associates and joint ventures |
Schedule of interests in associates and joint ventures | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Share in equity | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |  | 2023 |  | 2022
​ | ​ | % | ​ | % | ​ | US$(000) | ​ | US$(000)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Associates: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Sociedad Minera Cerro Verde S.A.A. |  | 19.58 |  | 19.58 |  | 1,416,051 |  | 1,408,260
Compañía Minera Coimolache S.A. |  | 40.10 |  | 40.10 |  | 99,059 |  | 98,388
Tinka Resources Ltd. | ​ | 19.32 | ​ | 19.32 |  | 9,221 |  | 10,678
​ | ​ | ​ | ​ | ​ | ​ | 1,524,331 | ​ | 1,517,326
Joint venture (d) | ​ | ​ | ​ | ​ |  | 1,628 |  | 2,486
Other minor investments | ​ | ​ | ​ | ​ |  | 1,164 |  | 1,165
​ | ​ | ​ | ​ | ​ |  | 1,527,123 |  | 1,520,977
Schedule of net share in profit (loss) of investments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |  | 2021
​ | ​ | US$(000) | ​ | US$(000) | ​ | US$(000)
Associates | ​ | ​ | ​ | ​ | ​ | ​
Sociedad Minera Cerro Verde S.A.A. |  | 152,552 |  | 181,221 |  | 233,342
Compañía Minera Coimolache S.A. |  | 1,072 |  | (2,493) |  | 8,170
Tinka Resources Ltd. | ​ | (1,320) | ​ | (2,447) | ​ | (1,098)
​ | ​ | 152,304 | ​ | 176,281 | ​ | 240,414
Joint venture | ​ | (79) | ​ | (11) | ​ | 36
​ |  | 152,225 |  | 176,270 |  | 240,450
Schedule of financial position of associate under equity method | ​ The table below presents the key financial data from the joint venture under IFRS: ​
​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
​ | ​ | US$(000) | ​ | US$(000)
​ | ​ | ​ | ​ | ​
Statements of financial position as of December 31: | ​ | ​ | ​ | ​
Current assets |  | 17,375 |  | 14,760
Non-current assets |  | 67,589 |  | 87,692
Current liabilities |  | (12,896) |  | (17,608)
Non-current liabilities |  | (50,572) |  | (53,768)
Equity | ​ | 21,496 | ​ | 31,076
​ | ​ | ​ | ​ | ​
Group’s interest | ​ | 1,628 | ​ | 2,486
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2023 |  | 2022 |  | 2021
​ |  | US$(000) |  | US$(000) |  | US$(000)
Statements of profit or loss for the years ended December 31: |  |  |  |  |  |
​ | ​ | ​ | ​ | ​ | ​ | ​
Net revenues |  | 98,270 |  | 27,538 |  | 22,937
​ | ​ | ​ | ​ | ​ | ​ | ​
Net profit (loss) |  | (148) |  | (137) |  | 450
Group’s share in results |  | (79) |  | (11) |  | 36
Summary of changes in investments in associates and joint venture | ​
​ | ​ | ​ | ​ | ​
​ | ​ | 2023 |  | 2022
​ |  | US$(000) |  | US$(000)
​ | ​ | ​ | ​ | ​
As of January 1, |  | 1,520,977 | ​ | 1,422,295
Net share in profit of associates and joint venture |  | 152,225 |  | 176,270
Equity contributions granted and paid, note 32(a) |  | — |  | 1,677
Dividends declared and collected, note 32(a) |  | (147,286) |  | (79,140)
Unrealized results on investments |  | 3 |  | (101)
Translation adjustments and other |  | 1,204 | ​ | (24)
As of December 31, |  | 1,527,123 | ​ | 1,520,977
​
Sociedads Minera Cerro Verde S.A.A. |
Investments in associates and joint ventures |
Schedule of net share in profit (loss) of investments | ​
​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
​ | ​ | US$(000) | ​ | US$(000)
​ | ​ | ​ | ​ | ​
Statements of financial position as of December 31: | ​ | ​ | ​ | ​
Current assets |  | 1,789,427 |  | 1,946,762
Non-current assets |  | 6,141,483 |  | 6,047,101
Current liabilities |  | (460,991) |  | (564,058)
Non-current liabilities |  | (789,545) |  | (778,378)
​ | ​ | ​ | ​ | ​
Equity |  | 6,680,374 |  | 6,651,427
​ | ​ | ​ | ​ | ​
Group’s interest | ​ | 1,308,288 | ​ | 1,300,497
Goodwill | ​ | 107,763 | ​ | 107,763
​ | ​ | 1,416,051 | ​ | 1,408,260
Schedule of financial position of associate under equity method | The table below presents the key financial data from the financial statements of Cerro Verde under IFRS: ​
​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
​ | ​ | US$(000) | ​ | US$(000)
​ | ​ | ​ | ​ | ​
Statements of financial position as of December 31: | ​ | ​ | ​ | ​
Current assets |  | 1,789,427 |  | 1,946,762
Non-current assets |  | 6,141,483 |  | 6,047,101
Current liabilities |  | (460,991) |  | (564,058)
Non-current liabilities |  | (789,545) |  | (778,378)
​ | ​ | ​ | ​ | ​
Equity |  | 6,680,374 |  | 6,651,427
​ | ​ | ​ | ​ | ​
Group’s interest | ​ | 1,308,288 | ​ | 1,300,497
Goodwill | ​ | 107,763 | ​ | 107,763
​ | ​ | 1,416,051 | ​ | 1,408,260
Compania Minera Coimolache S.A. |
Investments in associates and joint ventures |
Schedule of net share in profit (loss) of investments | ​
​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
​ | ​ | US$(000) | ​ | US$(000)
​ | ​ | ​ | ​ | ​
Statements of financial position as of December 31: | ​ | ​ | ​ | ​
Current assets |  | 242,490 |  | 208,382
Non-current assets |  | 133,463 |  | 154,399
Current liabilities |  | (26,977) |  | (21,565)
Non-current liabilities |  | (101,909) |  | (95,822)
​ | ​ | ​ | ​ | ​
Equity |  | 247,067 |  | 245,394
​ | ​ | ​ | ​ | ​
Group’s interest |  | 99,059 |  | 98,388
Schedule of financial position of associate under equity method | The table below presents the key financial data from the financial statements of Coimolache under IFRS: ​
​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
​ | ​ | US$(000) | ​ | US$(000)
​ | ​ | ​ | ​ | ​
Statements of financial position as of December 31: | ​ | ​ | ​ | ​
Current assets |  | 242,490 |  | 208,382
Non-current assets |  | 133,463 |  | 154,399
Current liabilities |  | (26,977) |  | (21,565)
Non-current liabilities |  | (101,909) |  | (95,822)
​ | ​ | ​ | ​ | ​
Equity |  | 247,067 |  | 245,394
​ | ​ | ​ | ​ | ​
Group’s interest |  | 99,059 |  | 98,388
Tinka resources Ltd |
Investments in associates and joint ventures |
Schedule of financial position of associate under equity method | The table below presents the key financial data from the financial statements of Tinka under IFRS in 2023 and 2022 (financial statements as of September 30, 2023 and 2022) and in 2021 (financial statements as of November 30, 2021): ​
​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
​ | ​ | US$(000) | ​ | US$(000)
Statements of financial position: |  | ​ | ​ |
Current assets |  | 5,591 | ​ | 13,007
Non-current assets |  | 42,475 | ​ | 42,735
Current liabilities |  | (350) | ​ | (473)
Equity |  | 47,716 | ​ | 55,269
​ | ​ | ​ | ​ | ​
Group’s interest |  | 9,221 | ​ | 10,678
Schedule of statements of profit or loss | ​
​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
​ | ​ | US$(000) | ​ | US$(000)
Statements of financial position: |  | ​ | ​ |
Current assets |  | 5,591 | ​ | 13,007
Non-current assets |  | 42,475 | ​ | 42,735
Current liabilities |  | (350) | ​ | (473)
Equity |  | 47,716 | ​ | 55,269
​ | ​ | ​ | ​ | ​
Group’s interest |  | 9,221 | ​ | 10,678

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