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Subsidiaries with material non-controlling interest

12 Months Ended

Dec. 31, 2023

Subsidiaries with material non-controlling interest

Subsidiaries with material non-controlling interest

18.   Subsidiaries with material non-controlling interest

(a) Financial information of the main subsidiaries that have material non-controlling interest are provided below:

​

​	​	​	​	​	​	​
​	​	Country of	​	2023	​	​
​	​	incorporation	​	and	​	​
​	​	and operation	​	2022	​	2021
​		​		%		%
​	​	​	​	​	​	​
Equity interest held by non-controlling interests:	​	​	​	​	​	​
Sociedad Minera El Brocal S.A.A.		Peru		38.57		38.57
Apu Coropuna S.R.L.		Peru		30.00		30.00
S.M.R.L. Chaupiloma Dos de Cajamarca, note 1(d)		Peru		—		40.00
Minera La Zanja S.R.L., note 1(d)		Peru		—		46.94

​

​	​	​	​	​	​	​
​		2023		2022		2021
​	​	US$(000)	​	US$(000)	​	US$(000)
Accumulated balances of material non-controlling interest:	​	​	​	​	​	​
Sociedad Minera El Brocal S.A.A.		162,863	​	154,175	​	148,792
Apu Coropuna S.R.L.		(112)	​	(84)	​	65
Minera La Zanja S.R.L.		—	​	—	​	20,064
S.M.R.L. Chaupiloma Dos de Cajamarca		—	​	—	​	1,284
​		162,751	​	154,091	​	170,205
Profit (loss) allocated to material non-controlling interest:	​	​	​	​	​	​
Sociedad Minera El Brocal S.A.A.		12,855	​	239	​	4,322
S.M.R.L. Chaupiloma Dos de Cajamarca		—	​	811	​	4,396
Minera La Zanja S.R.L.		—	​	(516)	​	(7,385)
Apu Coropuna S.R.L.		(28)	​	(149)	​	(62)
​		12,827		385		1,271

​

(b) The summarized financial information of these subsidiaries, before inter-company eliminations, is presented below:

​

​	​	​	​	​	​	​	​	​
​	​	Statements of financial position
​	​	As of December 31, 2023			​	As of December 31, 2022
​	​	Sociedad	​	Apu	​	Sociedad	​	Apu
​	​	Minera El	​	Coropuna	​	Minera El	​	Coropuna
​		Brocal S.A.A.		S.R.L.		Brocal S.A.A.		S.R.L.
​	​	US$(000)	​	US$(000)	​	US$(000)	​	US$(000)
Current assets		230,761		355		197,691		471
Non-current assets		452,549		6		470,539		—
Current liabilities		(182,902)		—		(167,718)		(11)
Non-current liabilities		(101,917)		(735)		(123,280)		(740)
​	​	​	​	​	​	​	​	​
Equity		398,491		(374)		377,232		(280)
​	​	​	​	​	​	​	​	​
Attributable to:	​	​	​	​	​	​	​	​
Shareholders of the Group		235,628		(262)		223,057		(196)
Non-controlling interests		162,863		(112)		154,175		(84)
​	​	​	​	​	​	​	​	​
​		398,491		(374)		377,232		(280)

​

Statements of profit or loss for the years 2023, 2022 and 2021:

​

​	​	​	​	​	​	​	​	​
​	​	Sociedad	​	​	​	​	​	S.M.R.L.
​	​	Minera El	​	Apu	​	Minera	​	Chaupiloma
​	​	Brocal	​	Coropuna	​	La Zanja	​	Dos de
​		S.A.A.		S.R.L.		S.R.L.		Cajamarca
​	​	US$(000)	​	US$(000)	​	US$(000)	​	US$(000)
Year 2023 -	​	​	​	​	​	​	​	​
Revenues		432,616	​	—	​	16,472	​	—
Profit (loss) for the year		31,454	​	(93)	​	(41,530)	​	—
Attributable to non-controlling interests		—	​	—	​	—	​	—
​	​	​	​	​	​	​	​	​
Year 2022 -	​	​	​	​	​	​	​	​
Revenues		400,994	​	—	​	19,364	​	1,381
Profit (loss) for the year		362	​	(496)	​	(11,646)	​	4,376
Attributable to non-controlling interests		239	​	(149)	​	(516)	​	(811)
​	​	​	​	​	​	​	​	​
Year 2021 -	​	​	​	​	​	​	​	​
Revenues		410,390	​	—	​	39,380	​	15,928
Profit (loss) for the year		10,562	​	(206)	​	(10,218)	​	10,989
Attributable to non-controlling interests		4,322	​	(62)	​	(7,385)	​	4,396

​

Statements of cash flow for the years 2023, 2022 and 2021:

​

​	​	​	​	​	​	​	​	​
​	​	Sociedad	​	​	​	​	​	S.M.R.L.
​	​	Minera El	​	Apu	​	Minera	​	Chaupiloma
​	​	Brocal	​	Coropuna	​	La Zanja	​	Dos de
​		S.A.A.		S.R.L.		S.R.L.		Cajamarca
​	​	US$(000)	​	US$(000)	​	US$(000)	​	US$(000)
​	​	​	​	​	​	​	​	​
Year 2023 -	​	​	​	​	​	​	​	​
Operating activities		147,199		—		(13,940)		—
Investing activities		(61,772)		—		(2,827)		—
Financing activities		(29,252)		—		—		—
​	​	​	​	​	​	​	​	​
​		56,175		—		(16,767)		—
​	​	​	​	​	​	​	​	​
Year 2022 -	​	​	​	​	​	​	​	​
Operating activities		77,223		(85)		—		—
Investing activities		(62,579)		—		—		—
Financing activities		(23,778)		—		—		—
​	​	​	​	​	​	​	​	​
​		(9,134)		(85)		—		—
​	​	​	​	​	​	​	​	​
Year 2021 -	​	​	​	​	​	​	​	​
Operating activities		104,858		(1,227)		(50,647)		10,838
Investing activities		(37,618)		—		(998)		—
Financing activities		(57,176)		—		—		(11,900)
​		10,064		(1,227)		(51,645)		(1,062)

​

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- Definition

The disclosure of subsidiaries. [Refer: Total for all subsidiaries [member]]

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