Income statement
Consolidated Income Statement
(thousands US$ dollars) | ||||||
---|---|---|---|---|---|---|
Year ended 31 Dec | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
Continuing Operations: | ||||||
Revenues | 2,432,990 | 2,703,095 | 2,430,055 | 2,119,641 | 2,103,785 | 2,093,308 |
Cost of sales | (1,896,970) | (1,776,170) | (1,550,689) | (1,657,932) | (1,323,057) | (1,167,903) |
Gross profit | 536,020 | 936,925 | 879,366 | 461,709 | 780,728 | 925,405 |
Administrative expenses | (94,123) | (103,534) | (93,407) | (96,436) | (83,339) | (72,710) |
Exploration expenses | (165,790) | (130,291) | (107,328) | (157,913) | (172,799) | (141,108) |
Selling expenses | (25,619) | (25,035) | (24,106) | (22,851) | (21,237) | (19,110) |
Other operating income | 71,860 | 11,914 | 9,997 | 9,803 | 11,703 | 28,203 |
Other operating expenses | (38,755) | (23,246) | (14,839) | (22,582) | (8,360) | (11,371) |
Profit before net finance costs and income tax | 283,593 | 666,733 | 649,683 | 171,730 | 506,696 | 709,309 |
Finance income | 26,460 | 8,874 | 12,249 | 24,176 | 20,372 | 14,576 |
Finance costs | (81,621) | (61,750) | (141,319) | (70,670) | (50,010) | (89,653) |
Revaluation effects of Silverstream contract | 18,785 | (416) | 70,961 | 48,376 | 14,956 | 113,656 |
Foreign exchange gain/(loss) | 1,354 | (1,909) | (40,321) | 5,143 | (8,084) | (6,399) |
Profit before income tax | 248,571 | 611,532 | 551,253 | 178,755 | 483,930 | 741,489 |
Income tax | 59,720 | (173,036) | (175,674) | 27,059 | (133,964) | (180,682) |
Profit for the year | 308,291 | 438,496 | 375,579 | 205,814 | 349,966 | 560,807 |
Attributable to: | ||||||
Equity shareholders of the Company | 271,897 | 421,209 | 374,124 | 203,997 | 349,846 | 560,578 |
Non-controlling interest | 36,394 | 17,287 | 1,455 | 1,817 | 120 | 229 |
308,291 | 438,496 | 375,579 | 205,814 | 349,966 | 560,807 | |
Earnings per share: (US$) | ||||||
Basic and diluted earnings per ordinary share | 0.369 | 0.572 | 0.507 | 0.277 | 0.475 | 0.761 |