Income statement

Consolidated Income Statement

  (thousands US$ dollars)
Year ended 31 Dec20162015201420132012
Revenues 1,905,503 1,444,386 1,413,701 1,615,166 2,157,404
Cost of sales (1,023,388) (1,011,316) (892,647) (847,726) (792,805)
Gross profit 882,115 433,070 521,054 767,440 1,364,599
           
Administrative expenses (59,157) (62,820) (67,540)  (62,243) (53,212)
Exploration expenses (121,182) (140,246)  (168,784)  (207,782) (233,532)
Selling expenses (16,277) (13,693)  (13,610)  (6,952) (6,306)
Other operating income 1,398 778  580  6,048 6,912
Other operating expenses (10,442) (16,650)  (26,122)  (8,414) (17,770)
Profit before net finance costs and income tax 676,455 200,439  245,578  488,097 1,060,691
           
Finance income 6,958 65,838   7,460 6,121 12,273
Finance costs (80,323) (45,463)  (54,616)  (15,068) (4,637)
Revaluation effects of Silverstream contract 133,528 27,720  77,054  (53,976) 117,682
Foreign exchange loss (18,378) (36,180)  (24,411)  (6,465) (8,402)
Profit before income tax 718,240 212,354  251,065  418,709 1,177,607
           
Income tax expense (293,278) (142,964)  (133,971)  (157,691) (322,571)
Profit for the year 424,962  69,390  117,094  261,018 855,036
           
Attributable to:          
Equity shareholders of the Company 426,986  70,523  108,449  240,448 741,222
Non-controlling interest (2,024)  (1,133)  8,645  20,570 113,814
  424,962  69,390  117,094  261,018 855,036
           
Earnings per share: (US$)          
Basic and diluted earnings per ordinary share 0.579  0.096  0.147   0.329  1.034