Income statement

Consolidated Income Statement

  (thousands US$ dollars)
Year ended 31 Dec201820172016201520142013
Revenues 2,103,785 2,093,308 1,905,503 1,444,386 1,413,701 1,615,166
Cost of sales (1,323,057) (1,167,903) (1,023,388) (1,011,316) (892,647) (847,726)
Gross profit 780,728 925,405 882,115 433,070 521,054 767,440
             
Administrative expenses (83,339) (72,710) (59,157) (62,820) (67,540)  (62,243)
Exploration expenses (172,799) (141,108) (121,182) (140,246)  (168,784)  (207,782)
Selling expenses (21,237) (19,110) (16,277) (13,693)  (13,610)  (6,952)
Other operating income 11,703 28,203 1,398 778  580  6,048
Other operating expenses (8,360) (11,371) (10,442) (16,650)  (26,122)  (8,414)
Profit before net finance costs and income tax 506,696 709,309 676,455 200,439  245,578  488,097
             
Finance income 20,372 14,576 6,958 65,838   7,460 6,121
Finance costs 50,010 (89,653) (80,323) (45,463)  (54,616)  (15,068)
Revaluation effects of Silverstream contract 14,956 113,656 133,528 27,720  77,054  (53,976)
Foreign exchange loss (8,804) (6,399) (18,378) (36,180)  (24,411)  (6,465)
Profit before income tax 483,930 741,489 718,240 212,354  251,065  418,709
             
Income tax expense (133,964) (180,682) (293,278) (142,964)  (133,971)  (157,691)
Profit for the year 349,966 560,807 424,962  69,390  117,094  261,018
             
Attributable to:            
Equity shareholders of the Company 349,846 560,578 426,986  70,523  108,449  240,448
Non-controlling interest 120 229 (2,024)  (1,133)  8,645  20,570
  349,966 560,807 424,962  69,390  117,094  261,018
             
Earnings per share: (US$)            
Basic and diluted earnings per ordinary share 0.475 0.761 0.579  0.096  0.147   0.329