v3.26.1
Consolidated statements of cash flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows of operating activities      
Profit for the year $ 830,188,000 $ 416,263,000 $ 32,682,000
Proceeds from sales of goods and services 1,459,767,000 1,142,569,000 782,421,000
Dividends received from associates 118,004,000 168,890,000 147,286,000
Recovery of taxes 98,014,000 35,455,000 48,417,000
Interest received 19,018,000 5,210,000 5,123,000
Dividends received from financial investments 1,050,000 1,150,000 150,000
Payments to suppliers and third parties, and other net (733,001,000) (597,949,000) (527,167,000)
Payments to and for employees (178,147,000) (149,482,000) (136,612,000)
Income tax and royalties paid to Peruvian State (137,391,000) (58,918,000) (30,049,000)
Interest paid (45,524,000) (38,172,000) (39,590,000)
Payments of royalties to third parties (16,174,000) (15,832,000) (12,832,000)
Payments for tax litigation (8,296,000) (6,862,000) (10,115,000)
Net increase (decrease) in operating liabilities:      
Net cash flows generated from operating activities 577,320,000 486,059,000 227,032,000
Cash flows of investing activities      
Proceeds from sale of property, plant and equipment 2,242,000 11,131,000 9,689,000
Payments for acquisition of property, plant and equipment (473,008,000) (337,743,000) (238,669,000)
Payments for acquisition of other assets (6,900,000) (2,506,000) (3,804,000)
Cash contribution in associates 0 (400,000) 0
Net cash flows used in investing activities (477,666,000) (117,924,000) (205,536,000)
Cash flows of financing activities      
Issuance of Senior Notes, net of issuance costs 634,344,000 0 0
Proceeds from bank loans 0 0 49,000,000
Payments of financial obligations (556,750,000) (79,602,000) (31,034,000)
Payments of bank loans 0 0 (49,000,000)
Dividends paid to controlling interest (110,949,000) (18,440,000) (18,542,000)
Lease payments (3,366,000) (4,138,000) (4,475,000)
Dividends paid to non-controlling interest (11,529,000) (7,343,000) (1,607,000)
Decrease (increase) of bank accounts in trust 0 34,000 34,000
Net cash flows used in financing activities (48,250,000) (109,490,000) (55,624,000)
Increase (decrease) in cash and cash equivalents for the year, net 51,404,000 258,645,000 (34,128,000)
Cash and cash equivalents at beginning of year 478,435,000 219,790,000 253,918,000
Cash and cash equivalents at year-end 529,839,000 478,435,000 219,790,000
Financing and investing activities not affecting cash flows:      
Changes in estimates of mine closure plans 67,231,000 65,397,000 11,879,000
Additions of work in progress 18,299,000 11,243,000 1,715,000
Leases additions 2,640,000 497,000 1,137,000
Due from for sales of assets 101,000 100,000 2,744,000
Contacto Corredores de Seguros S.A.      
Cash flows of investing activities      
Proceeds from sale of investments 0 1,060,000 27,003,000
S.M.R.L. Chaupiloma Dos de Cajamarca and BISA      
Cash flows of investing activities      
Proceeds from sale of investments 0 210,534,000 245,000
Sociedad Minera Cerro Verde S.A.A.      
Cash flows of operating activities      
Profit for the year 1,367,129,000 953,177,000 778,964,000
Adjustments to reconcile profit after income tax to net cash flows from operating activities:      
Income tax expense 754,929,000 566,927,000 545,948,000
Depreciation and amortization 654,038,000 585,346,000 543,658,000
Work in progress stockpiles write-off 0 0 1,527,000
Accretion on the provision for remediation and mine closure 11,392,000 11,160,000 9,917,000
Loss on materials obsolescence, net 959,000 6,897,000 12,496,000
Reversal of Supplemental fund retirement deferred 0 (5,414,000)  
Loss on asset values impairment 21,000 19,000 3,546,000
Gain on sale of property, plant and equipment 3,371,000 370,000 138,000
Gain on uncertain income tax positions (26,724,000) (2,373,000) (1,617,000)
Canceled capital projects 0 0 2,164,000
Share-based payments cost 2,552,000 2,166,000 2,776,000
Net (increase) decrease in operating assets:      
Trade and other receivables (389,824,000) 78,498,000 113,420,000
Other accounts receivable (4,412,000) (825,000) 1,178,000
Inventories and stockpiles and ore on leach pads (10,544,000) 35,942,000 (22,305,000)
Other non-financial assets (39,222,000) 9,418,000 52,204,000
Net increase (decrease) in operating liabilities:      
Trade and other payables 36,202,000 (9,950,000) (31,375,000)
Other accounts payable 18,700,000 2,721,000 (15,981,000)
Benefits to employees 23,518,000 2,651,000 (26,396,000)
Other provisions (4,294,000) 14,851,000 2,129,000
Interest paid (not included in the financing activities) (1,789,000) (1,765,000) (1,774,000)
Interest on lease payments (5,083,000) (3,320,000) (3,685,000)
Income tax paid (650,996,000) (547,898,000) (599,674,000)
Net cash flows generated from operating activities 1,739,923,000 1,698,598,000 1,367,258,000
Cash flows of investing activities      
Proceeds from sale of property, plant and equipment 965,000 271,000 2,277,000
Payments for acquisition of property, plant and equipment (388,382,000) (345,802,000) (312,206,000)
Stripping activity asset (381,615,000) (312,608,000) (344,054,000)
Net cash flows used in investing activities (769,032,000) (658,139,000) (653,983,000)
Cash flows of financing activities      
Lease payments (22,495,000) (10,398,000) (7,423,000)
Dividends (550,000,000) (850,000,000) (750,000,000)
Net cash flows used in financing activities (572,495,000) (860,398,000) (757,423,000)
Increase (decrease) in cash and cash equivalents for the year, net 398,396,000 180,061,000 (44,148,000)
Cash and cash equivalents at beginning of year 689,677,000 509,616,000 553,764,000
Cash and cash equivalents at year-end 1,088,073,000 689,677,000 509,616,000
Transactions with no effects in cash flows:      
Changes on the provision for remediation and mine closure $ 8,167,000 $ 36,885,000 $ (40,425,000)