Income statement

Consolidated Income Statement

  (thousands US$ dollars)
Year ended 31 Dec2021202020192018201720162015
Continuing Operations:              
Revenues 2,703,095 2,430,055 2,119,641 2,103,785 2,093,308 1,905,503 1,444,386
Cost of sales (1,776,170) (1,550,689)  (1,657,932) (1,323,057) (1,167,903) (1,023,388) (1,011,316)
Gross profit 936,925 879,366  461,709 780,728 925,405 882,115 433,070
               
Administrative expenses (103,534) (93,407)  (96,436) (83,339) (72,710) (59,157) (62,820)
Exploration expenses (130,291) (107,328)  (157,913) (172,799) (141,108) (121,182) (140,246)
Selling expenses (25,035) (24,106)  (22,851) (21,237) (19,110) (16,277) (13,693)
Other operating income 11,914 9,997  9,803 11,703 28,203 1,398 778
Other operating expenses (23,246) (14,839)  (22,582) (8,360) (11,371) (10,442) (16,650)
Profit before net finance costs and income tax 666,733 649,683  171,730 506,696 709,309 676,455 200,439
               
Finance income 8,874 12,249  24,176 20,372 14,576 6,958 65,838
Finance costs (61,750) (141,319)  (70,670) (50,010) (89,653) (80,323) (45,463)
Revaluation effects of Silverstream contract (416) 70,961  48,376 14,956 113,656 133,528 27,720
Foreign exchange gain/(loss) (1,909) (40,321)  5,143 (8,084) (6,399) (18,378) (36,180)
Profit before income tax 611,532 551,253  178,755 483,930 741,489 718,240 212,354
               
Income tax (173,036) (175,674)  27,059 (133,964) (180,682) (293,278) (142,964)
Profit for the year 438,496 375,579  205,814 349,966 560,807 424,962 69,390
               
Attributable to:              
Equity shareholders of the Company 421,209 374,124  203,997 349,846 560,578 426,986 70,523
Non-controlling interest 17,287 1,455  1,817 120 229 (2,024) (1,133)
  438,496 375,579  205,814 349,966 560,807 424,962 69,390
               
Earnings per share: (US$)              
Basic and diluted earnings per ordinary share 0.572 0.507 0.277 0.475 0.761 0.579 0.096