Income statement

Consolidated Income Statement

  (thousands US$ dollars)
Year ended 31 Dec20172016201520142013
Revenues 2,093,308 1,905,503 1,444,386 1,413,701 1,615,166
Cost of sales (1,167,903) (1,023,388) (1,011,316) (892,647) (847,726)
Gross profit 925,405 882,115 433,070 521,054 767,440
           
Administrative expenses (72,710) (59,157) (62,820) (67,540)  (62,243)
Exploration expenses (141,108) (121,182) (140,246)  (168,784)  (207,782)
Selling expenses (19,110) (16,277) (13,693)  (13,610)  (6,952)
Other operating income 28,203 1,398 778  580  6,048
Other operating expenses (11,371) (10,442) (16,650)  (26,122)  (8,414)
Profit before net finance costs and income tax 709,309 676,455 200,439  245,578  488,097
           
Finance income 14,576 6,958 65,838   7,460 6,121
Finance costs (89,653) (80,323) (45,463)  (54,616)  (15,068)
Revaluation effects of Silverstream contract 113,656 133,528 27,720  77,054  (53,976)
Foreign exchange loss (6,399) (18,378) (36,180)  (24,411)  (6,465)
Profit before income tax 741,489 718,240 212,354  251,065  418,709
           
Income tax expense (180,682) (293,278) (142,964)  (133,971)  (157,691)
Profit for the year 560,807 424,962  69,390  117,094  261,018
           
Attributable to:          
Equity shareholders of the Company 560,578 426,986  70,523  108,449  240,448
Non-controlling interest 229 (2,024)  (1,133)  8,645  20,570
  560,807 424,962  69,390  117,094  261,018
           
Earnings per share: (US$)          
Basic and diluted earnings per ordinary share 0.761 0.579  0.096  0.147   0.329