MINEROS S.A.

CONDENSED INTERIM

CONSOLIDATED FINANCIAL

STATEMENTS

For the three and six-months ended June 30,

2022, and 2021 and December 31, 2021

(Thousands of United States Dollars)

General Notes

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF PROFIT OR LOSS

3

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME

4

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

5

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

6

THOUSANDS OF UNITED STATES DOLLARS

6

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

7

CONDENSED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS

8

NOTE 1. CORPORATE INFORMATION

9

NOTE 2. STATEMENT OF COMPLIANCE

10

NOTE 3. BASIS OF PRESENTATION

10

NOTE 4. RECENT ACCOUNTING PRONOUNCEMENTS

11

NOTE 5. FINANCIAL INSTRUMENTS

12

NOTE 6. IMPAIRMENT

15

NOTE 7. SEGMENTS

16

NOTE 8. REVENUE

18

NOTE 9. COST OF SALES

19

NOTE 10. OTHER EXPENSES

19

NOTE 11. EXPLORATION EXPENSES

19

NOTE 12. EARNINGS PER SHARE

20

NOTE 13. CASH AND CASH EQUIVALENTS

22

NOTE 14. TRADE AND OTHER RECEIVABLES

22

NOTE 15. INVENTORIES

23

NOTE 16. TAXES

23

NOTE 17. PROPERTY PLANT AND EQUIPMENT, NET

27

NOTE 18. LOANS AND OTHER BORROWINGS

28

NOTE 19. PROVISIONS

29

NOTE 20. OTHER ACCUMULATED COMPREHENSIVE INCOME

30

NOTE 21. TRANSACTIONS AND BALANCES WITH RELATED PARTIES

31

NOTE 22. COMMITMENTS

31

NOTE 23. SUBSEQUENT EVENTS

32

NOTE 24. APPROVAL OF FINANCIAL STATEMENTS

32

2

MINEROS S.A.

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF PROFIT OR LOSS

FOR THE THREE AND SIX-MONTHS ENDED JUNE 30, 2022 AND 2021 (Unaudited)

THOUSANDS OF UNITED STATES DOLLARS

Three months ending June

Six months ending June 30

30

Note

2022

2021

2022

2021

Revenue

8

137,286

128,449

261,936

253,841

Costs of sales

9

(99,487)

(92,577)

(191,492)

(180,909)

GROSS PROFIT

37,799

35,872

70,444

72,932

Administrative expenses

(5,976)

(5,429)

(11,413)

(10,037)

Other income

(46)

1,112

702

1,659

Other expenses

10

(1,949)

(4,740)

(4,153)

(8,981)

Exploration expenses

11

(3,611)

(1,378)

(6,296)

(2,518)

Finance income

244

437

612

823

Finance expense

(2,745)

(2,426)

(5,063)

(4,540)

Foreign exchange differences

3,387

(1,275)

683

(2,287)

PROFIT FOR THE PERIOD BEFORE

27,103

22,173

45,516

47,051

TAX

Current tax

16

(11,042)

(7,433)

(20,289)

(16,700)

Deferred tax

16

(4,662)

(4,332)

(3,356)

(6,174)

NET PROFIT FOR THE PERIOD

11,399

10,408

21,871

24,177

Attributable to:

Controlling interest

11,399

10,355

21,871

24,061

Non-controlling interests

-

53

-

116

NET PROFIT FOR THE PERIOD

11,399

10,408

21,871

24,177

Basic and diluted earnings

12

0.04

0.04

0.07

0.09

(Signed)" Andrés Restrepo Isaza"

(Signed)"Miguel Angél Hinestroza Hoyos"

ANDRÉS RESTREPO ISAZA

MIGUEL ÁNGEL HINESTROZA HOYOS

PRESIDENT AND CEO

ACCOUNTANT

T.P.74290-T

3

MINEROS S.A.

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME

FOR THE THREE AND SIX-MONTHS ENDED JUNE 30, 2022 AND 2021 (Unaudited)

THOUSANDS OF UNITED STATES DOLLARS

NET PROFIT FOR THE PERIOD

Other comprehensive income, net of taxes

Items that will not be reclassified to results for the period:

Remeasurement of defined benefit plans Revaluation of property, plant and equipment

Items that will be reclassified to results for the period:

Cash flows hedges

Foreign exchange differences on translation of foreign operations

Foreign exchange differences on translation of foreign operations non-controlling interests

Other comprehensive income, net of taxes

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

Total comprehensive income attributable to:

Controlling interest

Non-controlling interests

Three months ending June 30

Six months ending June 30

2022

2021

2022

2021

11,399

10,408

21,871

24,177

-

4

-

4

34

(39)

67

187

34

(35)

67

191

3,076

(2,169)

1,056

2,281

(740)

(1,519)

(262)

367

2,336

(3,688)

794

2,648

-

184

-

24

2,370

(3,539)

861

2,863

13,769

6,869

22,732

27,040

13,769

6,632

22,732

26,900

-

237

-

140

13,769

6,869

22,732

27,040

(Signed)" Andrés Restrepo Isaza"

(Signed)"Miguel Angél Hinestroza Hoyos"

ANDRÉS RESTREPO ISAZA

MIGUEL ÁNGEL HINESTROZA HOYOS

PRESIDENT AND CEO

ACCOUNTANT

T.P.74290-T

4

MINEROS S.A.

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

AS OF JUNE 30, 2022, AND DECEMBER 31, 2021 (Unaudited)

THOUSANDS OF UNITED STATES DOLLARS

Notes

30/06/2022

31/12/2021

ASSETS

Current assets

Cash and cash equivalents

13

38,805

63,130

Trade and other receivables

14

31,311

14,348

Inventories

15

71,656

60,543

Derivative financial instruments

5

1,593

1,792

Investments

957

98

Income tax receivables

16

13,383

4,045

Other tax receivables

16

23,545

20,210

Other assets

7,807

10,571

Current assets

189,057

174,737

Non-current assets

Trade and other receivables

14

1,729

1,843

Inventories

15

27,144

24,405

Investments

8,944

9,340

Other tax receivables

16

330

333

Deferred tax assets

16

1,284

4,528

Investment property

2,219

2,219

Exploration and evaluation projects

61,267

60,884

Intangible assets, net

44,552

44,339

Investment in associates

5,287

5,287

Property, plant and equipment, net

17

261,664

252,131

Total non-current assets

414,420

405,309

TOTAL ASSETS

603,477

580,046

(Signed)" Andrés Restrepo Isaza"

(Signed)"Miguel Angél Hinestroza Hoyos"

ANDRÉS RESTREPO ISAZA

MIGUEL ÁNGEL HINESTROZA HOYOS

PRESIDENT AND CEO

ACCOUNTANT

T.P.74290-T

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Mineros SA published this content on 03 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2022 22:46:05 UTC.