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Tax situation (Tables) | 12 Months Ended
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Dec. 31, 2023
Tax situation |
Schedule of income tax years for review by tax authorities | ​
​ | ​ | ​
​ |  | Years open to review by the
Entity |  | Tax Authorities
​ | ​ | ​
Compañía de Minas Buenaventura S.A.A. |  | 2022 and 2023
Compañía Minera Condesa S.A. |  | 2018,2019,2021-2023
Compañía Minera Colquirrumi S.A. |  | 2018-2023
Consorcio Energético de Huancavelica S.A. |  | 2018-2023
El Molle Verde S.A.C. |  | 2018-2023
Empresa de Generación Huanza S.A. |  | 2018,2019,2021-2023
Inversiones Colquijirca S.A. |  | 2018-2023
Minera La Zanja S.R.L. |  | 2019,2020-2022,2023
Sociedad Minera El Brocal S.A.A. |  | 2018-2023
S.M.R.L. Chaupiloma Dos de Cajamarca |  | 2018-2023
Procesadora Industrial Río Seco S. A. |  | 2018,2019,2022,2023
Apu Coropuna S.R.L. |  | 2018-2023
Cerro Hablador S. A. C. |  | 2018-2023
Minera Azola S. R. L. |  | 2018-2023
Sociedad Minera Cerro Verde S.A.A |
Tax situation |
Schedule of types of temporary differences, unused tax losses and unused tax credits. | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2023 |  | December 31, 2022 |  | December 31, 2021
​ | ​ | US$(000) | ​ | US$(000) | ​ | US$(000)
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred Income tax | ​ | ​ | ​ | ​ | ​ | ​
Assets | ​ | ​ | ​ | ​ | ​ | ​
Cost of net asset for the construction of the tailing dam |  | 193,378 |  | 163,975 |  | 139,635
Provision for remediation and mine closure |  | 29,762 |  | 25,348 |  | 22,620
Unpaid vacations |  | 9,031 |  | 10,031 |  | 10,078
Provision for mining taxes |  | 4,335 |  | 5,200 |  | 11,604
Leases |  | 3,007 |  | 1,867 |  | 709
Other provisions |  | 11,282 |  | 10,752 |  | 10,647
​ |  | 250,795 |  | 217,173 |  | 195,293
Liabilities | ​ | ​ | ​ | ​ | ​ | ​
Property, plant and equipment depreciation |  | 537,588 |  | 557,626 |  | 529,124
Stripping activity asset |  | 126,744 |  | 80,569 |  | 59,673
Valuation of inventories | ​ | 29,831 | ​ | 28,386 | ​ | 24,960
Embedded derivatives for price adjustment of copper concentrate and cathode | ​ | 10,822 | ​ | 34,904 | ​ | 3,865
Debt issuance costs |  | 547 |  | 763 |  | 28
​ |  | 705,532 |  | 702,248 |  | 617,650
Net deferred liabilities |  | 454,737 |  | 485,075 |  | 422,357
Supplementary retirement fund | ​ | ​ | ​ | ​ | ​ | ​
Deferred liability |  | 5,414 |  | 5,716 |  | 4,965
​ | ​ | ​ | ​ | ​ | ​ | ​
Total deferred income tax liability |  | 460,151 |  | 490,791 |  | 427,322
Sociedad Minera El Brocal S.A.A |
Tax situation |
Schedule of income tax provision | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |  | 2021
​ | ​ | US$(000) | ​ | US$(000) | ​ | US$(000)
​ | ​ | ​ | ​ | ​ | ​ | ​
Income tax | ​ | ​ | ​ | ​ | ​ | ​
Current |  | 582,438 |  | 445,078 |  | 704,454
Deferred |  | (30,640) |  | 63,649 |  | 31,249
​ |  | 551,798 |  | 508,547 |  | 735,703
Mining taxes | ​ | ​ | ​ | ​ | ​ | ​
Current mining royalty and special mining tax |  | 96,082 |  | 88,224 |  | 144,895
​ | ​ | ​ | ​ | ​ | ​ | ​
Supplementary retirement fund | ​ | ​ | ​ | ​ | ​ | ​
Current |  | 7,467 |  | 6,371 |  | 8,828
Deferred |  | (302) |  | 751 |  | 385
​ |  | 7,165 |  | 7,122 |  | 9,213
​ | ​ | ​ | ​ | ​ | ​ | ​
Income tax expense reported in the statements of comprehensive income |  | 551,798 |  | 508,547 |  | 735,703
​
Schedule of other assessments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Fiscal year |  | Taxes |  | Penalty and Interest |  | Total
​ |  | US$(000) |  | US$(000) |  | US$(000)
​ | ​ | ​ | ​ | ​ | ​ | ​
2003 – 2005 |  | 8,162 |  | 38,870 |  | 47,032
2006 |  | 10,844 |  | 51,963 |  | 62,807
2007 |  | 11,579 |  | 22,102 |  | 33,681
2008 |  | 16,906 |  | 16,923 |  | 33,829
2009 |  | 56,039 |  | 51,680 |  | 107,719
2010 |  | 53,566 |  | 126,406 |  | 179,972
2011 |  | 40,940 |  | 70,065 |  | 111,005
2012 | ​ | 869 | ​ | 7,326 | ​ | 8,195
2013 | ​ | 48,622 | ​ | 71,620 | ​ | 120,242
2014 | ​ | 5,344 | ​ | 706 | ​ | 6,050
2015 | ​ | 3,001 | ​ | 23,816 | ​ | 26,817
2016 | ​ | 61,875 | ​ | 3,360 | ​ | 65,235
2017 |  | 5,043 |  | 3,078 |  | 8,121
2018 | ​ | 4,666 | ​ | 4,250 | ​ | 8,916
2019 - 2022 | ​ | 499 | ​ | 172 | ​ | 671
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 327,955 |  | 492,337 |  | 820,292
Schedule of reconciliation of income tax rate. | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |  | 2021 |
​ | ​ | US$(000) | ​ | US$(000) | ​ | US$(000) |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Profit before income tax |  | 1,330,762 |  | 1,433,900 |  | 1,927,177 | ​
Income tax rate |  | 32 | % | 32 | % | 32 | %
Expected income tax expense |  | 425,844 |  | 458,848 |  | 616,697 | ​
Special mining tax and mining royalties | ​ | (32,182) | ​ | (31,188) | ​ | (46,366) | ​
Gain for uncertainty about treatments of income taxes | ​ | (1,617) | ​ | (19,667) | ​ | (14,379) | ​
Non - deductible expenses | ​ | 12,744 | ​ | 13,608 | ​ | 14,609 | ​
Income tax true – ups | ​ | 1,267 | ​ | (11,831) | ​ | 6,345 | ​
Penalties and moratorium interest | ​ | 40,769 | ​ | (741) | ​ | 1,019 | ​
Income tax rate change effect on deferred taxes for the change in Peruvian tax law once the current Stability Contract expires |  | 208 |  | 1,117 |  | 840 | ​
Other |  | 1,518 |  | 3,055 |  | 2,830 | ​
Current and deferred income tax |  | 448,551 |  | 413,201 |  | 581,595 | ​
Mining taxes |  | 96,082 |  | 88,224 |  | 144,895 | ​
Supplementary retirement fund |  | 7,165 |  | 7,122 |  | 9,213 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 551,798 |  | 508,547 |  | 735,703 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Effective income tax |  | 41.46 | % | 35.47 | % | 38.18 | %

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