Financial - risk management objectives and policies (Tables)
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12 Months Ended |
Dec. 31, 2024 |
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| Disclosure of financial risk management objectives and policies [Line Items] |
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| Schedule of foreign-currency exchange rates risk |
A table showing the effect on results of a reasonable change in foreign-currency exchange rates is presented below, with all other variables kept constant: | | | | | | | Exchange-rate | | Effect on profit (loss) | | | increase/decrease | | before income tax | | | | | US$(000) | 2024 | | | | | Exchange rate | | 10 | % | 47,488 | Exchange rate | | (10) | % | (47,488) | | | | | | 2023 | | | | | Exchange rate | | 10 | % | 66,003 | Exchange rate | | (10) | % | (66,003) | | | | | | 2022 | | | | | Exchange rate | | 10 | % | 58,032 | Exchange rate | | (10) | % | (58,032) |
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| Schedule of interest rates risk |
A table showing the effect in profit or loss of the variations of interest rates in the years in which the Group maintained floating interest rates: | | | | | | | | | Effect on profit | | | Increase/decrease of | | (loss) before | | | SOFR/LIBOR | | income tax | | | (Percentage rates) | | US$(000) | 2023 | | | | | Interest rate | | 10 | % | 24 | Interest rate | | (10) | % | (24) | | | | | | 2022 | | | | | Interest rate | | 10 | % | (1,315) | Interest rate | | (10) | % | 1,315 |
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| Schedule of information about the credit risk exposure |
Set out below is the information about the credit risk exposure on the Group’s trade and other receivables: | | | | | | | | | | | | | | | Days past due | | | | | Current | | < 30 days | | 30 – 90 days | | > 90 days | | Total | | | US$(000) | | US$(000) | | US$(000) | | US$(000) | | US$(000) | As of December 31, 2024 - | | | | | | | | | | | Trade receivables | | 193,538 | | — | | — | | 24,567 | | 218,105 | Other receivables | | 661,011 | | — | | — | | 2,757 | | 663,768 | | | 854,549 | | — | | — | | 27,324 | | 881,873 | Expected credit loss rate | | 0 | % | 0 | % | 0 | % | 100 | % | — | Expected credit loss | | — | | — | | — | | (27,324) | | (27,324) | | | | | | | | | | | | As of December 31, 2023 - | | | | | | | | | | | Trade receivables | | 181,492 | | — | | — | | 22,276 | | 203,768 | Other receivables | | 671,707 | | — | | — | | 4,141 | | 675,848 | | | 853,199 | | — | | — | | 26,417 | | 879,616 | Expected credit loss rate | | 0 | % | 0 | % | 0 | % | 100 | % | — | Expected credit loss | | — | | — | | — | | (26,417) | | (26,417) |
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| Schedule of financial liabilities by remaining maturity |
An analysis of the Group’s financial liabilities classified according to their aging is presented below, based on undiscounted contractual payments: | | | | | | | | | | | | | Less than | | Between 1 | | Between 2 | | More than 5 | | | | | 1 year | | and 2 years | | and 5 years | | years | | Total | | | US$(000) | | US$(000) | | US$(000) | | US$(000) | | US$(000) | | | | | | | | | | | | As of December 31, 2024 - | | | | | | | | | | | Trade and other payables | | 358,789 | | — | | — | | — | | 358,789 | Financial obligation – capital | | 8,437 | | 556,750 | | 57,938 | | — | | 623,125 | Financial obligation – interest | | 34,619 | | 33,366 | | 726 | | — | | 68,711 | Lease – capital | | 1,819 | | 1,196 | | 2,551 | | 1,907 | | 7,473 | Lease – interest | | 564 | | 555 | | 974 | | 265 | | 2,358 | Contingent consideration liability | | — | | 9,768 | | 5,412 | | 42,752 | | 57,932 | | | | | | | | | | | | | | 404,228 | | 601,635 | | 67,601 | | 44,924 | | 1,118,388 | | | | | | | | | | | | As of December 31, 2024 - | | | | | | | | | | | Trade and other payables | | 288,570 | | — | | — | | — | | 288,570 | Financial obligation – capital | | 31,034 | | 97,409 | | 574,194 | | — | | 702,637 | Financial obligation – interest | | 37,453 | | 40,066 | | 31,093 | | — | | 108,612 | Lease – capital | | 3,429 | | 1,515 | | 2,523 | | 2,853 | | 10,320 | Lease – interest | | 239 | | 256 | | 757 | | 1,979 | | 3,231 | Contingent consideration liability | | — | | — | | 13,274 | | 35,513 | | 48,787 | | | | | | | | | | | | | | 360,725 | | 139,246 | | 621,841 | | 40,345 | | 1,162,157 |
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| Sociedad Minera Cerro Verde S.A.A. |
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| Disclosure of financial risk management objectives and policies [Line Items] |
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| Schedule of foreign-currency exchange rates risk |
| | | | | Effect on profit | | | before income tax | | | US$(000) | | | | December 31, 2024 | | | 10% increase in future copper prices | | 73,173 | 10% decrease in future copper prices | | (73,173) |
| | | December 31, 2023 | | | 10% increase in future copper prices | | 91,734 | 10% decrease in future copper prices | | (91,734) |
| | | December 31, 2022 | | | 10% increase in future copper prices | | 123,181 | 10% decrease in future copper prices | | (123,181) |
| | | | | | | Exchange-rate | | Effect on profit (loss) | | | Increase (decrease) | | before income tax | | | | | US$(000) | | | | | | December 31, 2024 | | | | | Exchange rate | | 5 | % | (29,694) | Exchange rate | | (5) | % | 29,694 | | | | | | December 31, 2023 | | | | | Exchange rate | | 5 | % | (28,316) | Exchange rate | | (5) | % | 28,316 | | | | | | December 31, 2022 | | | | | Exchange rate | | 5 | % | (23,801) | Exchange rate | | (5) | % | 23,801 |
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| Schedule of financial liabilities by remaining maturity |
The following tables show the expected aging of maturity of the Company’s obligations, excluding taxes, accruals and benefits to employees, as of December 31, 2024 and 2023: | | | | | | | | | | | | | | | | | | | | | | | | | | | | On demand | | Less than 3 months | | 3 to 12 months | | 1 to 5 years | | More than 5 years | | Total | | | US$(000) | | US$(000) | | US$(000) | | US$(000) | | US$(000) | | US$(000) | As of December 31, 2024 | | | | | | | | | | | | | Trade accounts payable (See Note 8) | | — | | 281,495 | | 2,312 | | — | | — | | 283,807 | Accounts payable - related parties (See Note 4) | | — | | 4,167 | | 1,456 | | — | | — | | 5,623 | Lease liabilities (See Note 10) | | — | | 1,569 | | 7,878 | | 41,176 | | — | | 50,623 | Other account payable (See Note 9) | | — | | 20,937 | | 4,477 | | — | | — | | 25,414 | | | | | | | | | | | | | | Total | | — | | 308,168 | | 16,123 | | 41,176 | | — | | 365,467 | | | | | | | | | | | | | | As of December 31, 2023 | | | | | | | | | | | | | Trade accounts payable (See Note 8) | | — | | 276,541 | | 5,206 | | — | | — | | 281,747 | Accounts payable - related parties (See Note 4) | | — | | 2,087 | | 1,381 | | — | | — | | 3,468 | Lease liabilities (See Note 10) | | — | | 1,420 | | 8,489 | | 49,683 | | — | | 59,592 | Other account payable (See Note 9) | | — | | 22,285 | | 4,429 | | — | | — | | 26,714 | | | | | | | | | | | | | | Total | | — | | 302,333 | | 19,505 | | 49,683 | | — | | 371,521 |
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