XML 123 R99.htm IDEA: XBRL DOCUMENT v3.24.4
Basis for preparation, consolidation and accounting policies - Additional information (Details)
$ in Thousands
 12 Months Ended
Jan. 01, 2017
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
Dec. 31, 2023
Dec. 31, 2023
$ / shares
Dec. 31, 2023
$ / S/
Dec. 31, 2022
$ / shares
Dec. 31, 2022
$ / S/
Basis for preparation, consolidation and accounting policies                    
Workers' profit sharing rate   8.00%                
Qualifying asset, description   The Group defines a qualifying asset as one which value is greater than US$5 million and requires a period greater than 12 months to get it ready for its intended use.                
Applicable tax rate 29.50%   32.00% 32.00% 32.00%          
Lease Liabilities   $ 10,320 $ 12,953              
Right-of-use assets   $ 11,756 12,760              
Lease term   10 years                
Percentage of net revenues   1.00%                
Finance income   $ 9,057 $ 14,443 $ 5,952            
Maximum [Member]                    
Basis for preparation, consolidation and accounting policies                    
Normal credit term   90 days                
Mining Royalties Marginal Rate   12.00%                
Useful life of intangible assets   10 years                
Lease term   3 years                
Minimum [Member]                    
Basis for preparation, consolidation and accounting policies                    
Normal credit term   5 days                
Mining Royalties Marginal Rate   1.00%                
Useful life of intangible assets   1 year                
Lease term   1 year                
Sociedad Minera Cerro Verde S.A.A.                    
Basis for preparation, consolidation and accounting policies                    
Workers' profit sharing rate   8.00%                
Applicable tax rate   32.00% 32.00% 32.00%            
Impairment loss   $ 3,546 $ 0 $ 0            
Lease Liabilities   59,592 63,125              
Right-of-use assets   50,048 57,505 68,492            
Amortization expense of intangible assets   2,342 2,342 1,531            
Progressive rate of sale           1.00%        
Finance income   $ 36,285 12,314 $ 1,713            
Sociedad Minera Cerro Verde S.A.A. | Maximum [Member]                    
Basis for preparation, consolidation and accounting policies                    
Progressive rate of quarterly operating income   12.00%                
Sociedad Minera Cerro Verde S.A.A. | Minimum [Member]                    
Basis for preparation, consolidation and accounting policies                    
Progressive rate of quarterly operating income   1.00%                
Sociedad Minera Cerro Verde S.A.A. | Written put options                    
Basis for preparation, consolidation and accounting policies                    
Closing foreign exchange rate             0.2693 3.713 0.2618 3.82
Sociedad Minera Cerro Verde S.A.A. | Purchased call options                    
Basis for preparation, consolidation and accounting policies                    
Closing foreign exchange rate             0.2699 3.705 0.2626 3.808
Buildings and other constructions                    
Basis for preparation, consolidation and accounting policies                    
Lease Liabilities   $ 1,877 2,719              
Right-of-use assets   $ 9,236 $ 10,484              
OSINERGMIN [Member] | Sociedad Minera Cerro Verde S.A.A.                    
Basis for preparation, consolidation and accounting policies                    
Contribution rate on sales invoice value   0.14% 0.14% 0.14%            
OEFA [Member] | Sociedad Minera Cerro Verde S.A.A.                    
Basis for preparation, consolidation and accounting policies                    
Contribution rate on sales invoice value   0.10% 0.10% 0.10%