Income statement

Consolidated Income Statement

  (thousands US$ dollars)
Year ended 31 Dec20192018201720162015
Continuing Operations:          
Revenues 2,119,641 2,103,785 2,093,308 1,905,503 1,444,386
Cost of sales (1,657,932) (1,323,057) (1,167,903) (1,023,388) (1,011,316)
Gross profit 461,709 780,728 925,405 882,115 433,070
           
Administrative expenses (96,436) (83,339) (72,710) (59,157) (62,820)
Exploration expenses (157,913) (172,799) (141,108) (121,182) (140,246)
Selling expenses (22,851) (21,237) (19,110) (16,277) (13,693)
Other operating income 9,803 11,703 28,203 1,398 778
Other operating expenses (22,582) (8,360) (11,371) (10,442) (16,650)
Profit before net finance costs and income tax 171,730 506,696 709,309 676,455 200,439
           
Finance income 24,176 20,372 14,576 6,958 65,838
Finance costs (70,670) (50,010) (89,653) (80,323) (45,463)
Revaluation effects of Silverstream contract 48,376 14,956 113,656 133,528 27,720
Foreign exchange gain/(loss) 5,143 (8,084) (6,399) (18,378) (36,180)
Profit before income tax 178,755 483,930 741,489 718,240 212,354
           
Income tax 27,059 (133,964) (180,682) (293,278) (142,964)
Profit for the year 205,814 349,966 560,807 424,962 69,390
           
Attributable to:          
Equity shareholders of the Company 203.997 349,846 560,578 426,986 70,523
Non-controlling interest 1,817 120 229 (2,024) (1,133)
  205,814 349,966 560,807 424,962 69,390
           
Earnings per share: (US$)          
Basic and diluted earnings per ordinary share 0.277 0.475 0.761 0.579 0.096