Income statement

Consolidated Income Statement

  (thousands US$ dollars)
Year ended 31 Dec202220212020201920182017
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