REVENUE: (Tables)

9 Months Ended

Sep. 30, 2022

REVENUE:

Summary of company's sales by geographic wise and segment wise

The geographic breakdown of the Company’s sales is as follows (in millions):

	Three Months Ended September 30, 2022
			Mexican
	Mexican		IMMSA		Peruvian		Corporate &
	Open-Pit		Unit		Operations		Elimination		Consolidated
The Americas:
Mexico	$	414.7	$	103.8	$	—	$	(30.9)	$	487.6
United States		333.9		11.4		86.4		—		431.7
Peru		(19.7)		—		126.6		11.4		118.3
Brazil		—		16.1		104.5		—		120.6
Chile		10.4		—		91.2		—		101.6
Other American countries		10.8		1.2		7.7		—		19.7
Europe:
Switzerland		123.9		10.9		161.6		—		296.4
Italy		—		6.2		74.3		—		80.5
Spain		90.2		—		(3.0)		—		87.2
Other European countries		49.0		9.6		42.9		—		101.5
Asia:
China		101.9		—		18.1		—		120.0
Singapore		48.1		(0.1)		14.1		—		62.1
Japan		9.2		—		84.6		—		93.8
Other Asian countries		29.1		0.1		6.7		—		35.9
Total	$	1,201.5	$	159.2	$	815.7	$	(19.5)	$	2,156.9

	Three Months Ended September 30, 2021
			Mexican
	Mexican		IMMSA		Peruvian		Corporate &
	Open-Pit		Unit		Operations		Elimination		Consolidated
The Americas:
Mexico	$	483.1	$	115.7	$	4.5	$	(42.8)	$	560.5
United States		324.9		11.2		71.3		—		407.4
Peru		—		(0.4)		148.3		—		147.9
Brazil		—		10.9		93.2		—		104.1
Chile		(0.1)		—		113.8		—		113.7
Other American countries		10.9		—		1.8		—		12.7
Europe:
Switzerland		276.0		20.3		127.6		—		423.9
Italy		—		3.9		62.9		—		66.8
Spain		106.6		—		20.4		—		127.0
Other European countries		54.2		7.0		110.9		—		172.1
Asia:
China		21.3		—		0.2		—		21.5
Singapore		119.9		6.3		159.7		—		285.9
Japan		(0.8)		—		167.7		—		166.9
Other Asian countries		29.8		0.2		40.5		—		70.5
Total	$	1,425.8	$	175.1	$	1,122.8	$	(42.8)	$	2,680.9

	Nine Months Ended September 30, 2022
			Mexican
	Mexican		IMMSA		Peruvian		Corporate &
	Open-Pit		Unit		Operations		Elimination		Consolidated
The Americas:
Mexico	$	1,390.8	$	356.8	$	—	$	(114.9)	$	1,632.7
United States		1,237.2		37.8		282.3		—		1,557.3
Peru		158.6		—		459.6		(166.6)		451.6
Brazil		—		25.7		319.3		—		345.0
Chile		10.9		—		276.2		—		287.1
Other American countries		28.5		2.2		22.3		—		53.0
Europe:
Switzerland		450.2		33.8		517.8		—		1,001.8
Italy		1.3		13.9		196.5		—		211.7
Spain		290.5		—		36.8		—		327.3
Other European countries		90.9		24.0		143.1		—		258.0
Asia:
China		308.8		—		18.1		—		326.9
Singapore		53.5		8.4		99.1		—		161.0
Japan		51.8		—		379.6		—		431.4
Other Asian countries		111.7		0.4		70.7		—		182.8
Total	$	4,184.7	$	503.0	$	2,821.4	$	(281.5)	$	7,227.6

	Nine Months Ended September 30, 2021
			Mexican
	Mexican		IMMSA		Peruvian		Corporate &
	Open-Pit		Unit		Operations		Elimination		Consolidated
The Americas:
Mexico	$	1,431.7	$	291.8	$	4.5	$	(107.9)	$	1,620.1
United States		1,107.5		42.9		152.2		—		1,302.6
Peru		—		(0.3)		438.9		—		438.6
Brazil		—		18.4		310.8		—		329.2
Chile		2.8		—		265.1		—		267.9
Other American countries		28.9		0.7		4.6		—		34.2
Europe:
Switzerland		888.7		46.0		323.1		—		1,257.8
Italy		0.2		5.9		244.8		—		250.9
Spain		299.8		—		63.8		—		363.6
Other European countries		202.2		40.3		310.8		—		553.3
Asia:
China		125.0		—		25.0		—		150.0
Singapore		354.8		14.8		395.7		—		765.3
Japan		23.6		—		478.1		—		501.7
Other Asian countries		71.4		0.3		203.5		—		275.2
Total	$	4,536.6	$	460.8	$	3,220.9	$	(107.9)	$	8,110.4

The following table presents information regarding the sales value by reporting segment of the Company’s significant products for the three and nine months ended September 30, 2022 and 2021 (in millions):

	Three Months Ended September 30, 2022
			Mexican
	Mexican		IMMSA		Peruvian		Corporate, Other &		Total
	Open-pit		Unit		Operations		Eliminations		Consolidated
Copper	$	950.4	$	11.9	$	650.8	$	(3.1)	$	1,610.0
Molybdenum		131.9		—		80.7		—		212.6
Silver		53.8		28.0		20.0		(14.2)		87.6
Zinc		—		100.9		—		0.1		101.0
Other		65.4		18.4		64.2		(2.3)		145.7
Total	$	1,201.5	$	159.2	$	815.7	$	(19.5)	$	2,156.9

	Nine Months Ended September 30, 2022
			Mexican
	Mexican		IMMSA		Peruvian		Corporate, Other &		Total
	Open-pit		Unit		Operations		Eliminations		Consolidated
Copper	$	3,432.8	$	62.3	$	2,282.6	$	(215.0)	$	5,562.7
Molybdenum		388.1		—		298.5		—		686.6
Silver		178.6		101.8		68.4		(56.6)		292.2
Zinc		—		281.5		—		(0.9)		280.6
Other		185.2		57.4		171.9		(9.0)		405.5
Total	$	4,184.7	$	503.0	$	2,821.4	$	(281.5)	$	7,227.6

	Three Months Ended September 30, 2021
			Mexican
	Mexican		IMMSA		Peruvian		Corporate, Other &		Total
	Open-pit		Unit		Operations		Eliminations		Consolidated
Copper	$	1,195.0	$	24.3	$	912.9	$	(21.8)	$	2,110.4
Molybdenum		146.6		—		147.9		—		294.5
Silver		52.4		37.2		33.6		(19.0)		104.2
Zinc		—		98.6		—		0.1		98.7
Other		31.8		15.0		28.4		(2.1)		73.1
Total	$	1,425.8	$	175.1	$	1,122.8	$	(42.8)	$	2,680.9

	Nine Months Ended September 30, 2021
			Mexican
	Mexican		IMMSA		Peruvian		Corporate, Other &		Total
	Open-pit		Unit		Operations		Eliminations		Consolidated
Copper	$	3,858.2	$	75.5	$	2,697.1	$	(54.7)	$	6,576.1
Molybdenum		387.3		—		359.0		—		746.3
Silver		193.1		122.6		95.8		(48.1)		363.4
Zinc		—		215.1		—		0.5		215.6
Other		98.0		47.6		69.0		(5.6)		209.0
Total	$	4,536.6	$	460.8	$	3,220.9	$	(107.9)	$	8,110.4

Schedule of opening and closing balances of receivables by reporting segment

The opening and closing balances of receivables by reporting segment of the Company were as follows (in millions):

			Mexican
	Mexican		IMMSA		Peruvian		Corporate &
	Open-Pit		Unit		Operations		Elimination		Consolidated
As of September 30, 2022:
Trade receivables	$	532.0	$	60.3	$	473.5	$	—	$	1,065.8
Related parties, current		45.1		0.1		0.8		2.1		48.1
As of December 31, 2021:
Trade receivables	$	656.0	$	51.2	$	651.5	$	—	$	1,358.7
Related parties, current		46.9		0.2		—		2.0		49.1

Schedule long term contracts by products

Copper concentrates (in tonnes)	110,000
Copper cathodes (in tonnes)	48,000
Molybdenum concentrates (in tonnes)	36,558
Sulfuric acid (in tonnes)	342,058

Schedule of provisionally priced copper and molybdenum sales outstanding

	Sales volume	Priced at
	(million lbs.)	(per pound)	Month of settlement
Copper	277.5	3.44	October 2022 through March 2023
Molybdenum	15.4	18.23	October 2022 through January 2023