Ojos definition

Ojos means Compañia Contractual Minera Ojos del Salado, a Chilean contractual mining company.

Examples of Ojos in a sentence

  • Sensitivity analysis was performed on the cash flow model for Ojos.

  • The Company recognized goodwill on the acquisition of Chapada, Neves-Corvo, and Ojos del Salado (“Ojos”).

  • The Company owns 80% of the Candelaria and Ojos del Salado mining complex ("Candelaria") located in Chile.

  • In performing the CGU impairment test for Chapada, Neves-Corvo and Ojos, the Company used a FVLCD valuation model.

  • Key assumptions for Neves-Corvo Ojos For the Ojos CGU impairment review, the Company used a FVLCD model (level 3 measurement).

  • In addition to copper, the Cerro Verde mine also produces molybdenum concentrates, and the Candelaria and Ojos del Salado mines produce gold and silver.

  • In South America, we operate four copper mines – Cerro Verde in Peru, and El Abra, Candelaria and Ojos del Salado in Chile.

  • The Company owns 80% of Compañia Contractual Minera Candelaria S.A. and Compañia Contractual Minera Ojos del Salado S.A.’s copper mining operations and supporting infrastructure in Chile.

  • For the years ended December 31, 2020 and 2019, the Company determined that the recoverable amount of the Ojos CGU was higher than its carrying value, and therefore no impairment was recognized.

  • Goodwill is allocated to the following CGUs: Chapada Neves-Corvo Ojos¹ TotalBalance at December 31, 2018$-$99,081$10,713$109,794Chapada acquisition (Note 26) 134,284 - - 134,284Effects of foreign exchange - (1,870) - (1,870)Balance at December 31, 2019 134,284 97,211 10,713 242,208Effects of foreign exchange - 8,975 - 8,975Balance at December 31, 2020$134,284$106,186$10,713$251,183¹ Ojos is included in the Candelaria reporting segment.

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