CONDENSED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS
For the three months ended 31 march 2021 and 2020 (Unaudited)
Amounts expressed in thousands of Colombian pesos
31/03/2021
31/03/2020
Cash flows from (used in) operating activities
Classes of cash receipts from operating activities
Receipts from sales of goods
$
421.700.427
$ 387.447.036
Receipts from commissions and other revenue
3.294.690
1.362.717
Cash receipts from futures contracts, forward contracts, option contracts and swap contracts
13.138.904
168.153
Classes of cash payments from operating activities
Payments to suppliers for goods and services
(271.131.649)
(252.583.809)
Payments to employees and social security agencies
(61.097.520)
(66.624.251)
Payments for premiums and claims, annuities and other policy benefits
(5.275.049)
(2.615.810)
Income taxes paid
(57.148.569)
(29.815.948)
Other inflows (outflows) of cash
2.645.840
(3.642.401)
Discontinue operations
-
1.015.038
Net cash flows provided by operating activities
46.127.074
34.710.725
Cash flows from (used in) investing activities
Cash payments for acquisition of subsidiary or non controlling interests, net of cash acquired
(3.943.657)
-
Proceeds from sales of property, plant and equipment
820.520
65.952
Purchase of property, plant and equipment
(73.670.128)
(16.139.507)
Purchase of intangible assets and exploration projects
(7.373.720)
(10.748.979)
Loans granted to third parties
-
(873.000)
Received dividends
42.401
120.063
Interest received
127.225
42.142
Proceeds from sales of financial instruments
8.080.198
(6.003)
Other inflows (outflows) of cash
-
(159.747)
Net cash flows used in investing activities
(75.917.161)
(27.699.079)
Cash flows from (used in) financing activities
Proceeds from borrowings
6.943.984
62.808.124
Repayments of borrowings
(12.663.314)
(30.587.513)
Payments of lease liabilities
(9.550.333)
(10.509.962)
Dividends paid
(12.597.181)
(11.353.714)
Interest paid
(4.450.706)
(4.917.979)
Discontinue operations
-
(84.701)
Net cash flows (used in) generated by financing activities
(32.317.550)
5.354.255
Net (decrease) increase in cash and cash equivalents before effect of exchange rate changes
(62.107.637)
12.365.901
Effect of exchange rate changes on cash and cash equivalents
16.306.545
10.395.695
Net (decrease) increase in cash and cash equivalents
(45.801.092)
22.761.596
Cash and cash equivalents at beginning of period
218.298.872
62.843.814
Cash and cash equivalents at end of period classified as held for sale
-
(1.198.392)
Cash and cash equivalents at end of period
172.497.780
84.407.018
-
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Mineros SA published this content on 27 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 September 2021 22:41:07 UTC.
Mineros SA is a Colombia-based company primarily engaged in the exploration and exploitation of gold and other related precious metals, metallic and non-metallic minerals, and hydrocarbons. The Company has its major operational centres in the municipality of El Bagre, as well as in Zaragoza, Nechi and Bajo Cauca Antioqueno, which are located in the department of Antioquia, with a an annual average production of 120,000 gold ounces. As of December 31, 2011, the Company owned such subsidiaries as Proyecto Sabaletas SAS, Exploradora Minera SAS and Operadora Minera SAS, as well as it held a minor stake in Unipalma de los Llanos SA. In March 2013, the Company acquired 90% stake in Hemco SA, a Managua-based gold and silver mining company.
MINEROS S.A. 
