REVENUE: (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31, 2024
			Mexican
	Mexican		IMMSA		Peruvian		Corporate &
	Open-Pit		Unit		Operations		Elimination		Consolidated
The Americas:
Mexico	$	591.3	$	106.2	$	7.9	$	(33.0)	$	672.3
United States		272.2		1.7		38.7				312.6
Peru		—		8.4		165.9		(8.3)		166.1
Brazil		—		9.0		116.0				124.9
Chile		—		—		94.4				94.4
Other American countries		7.2		—		4.1				11.3
Europe:
Switzerland		161.8		15.3		52.0				229.0
Italy		(*)		6.0		75.3				81.3
Spain		110.3		—		19.8				130.1
Other European countries		58.6		1.4		106.9				166.8
Asia:
China		175.6		1.1		109.7				286.4
Singapore		17.7		(2.6)		42.3				57.3
Japan		54.0		—		190.9				245.0
Other Asian countries		17.4		—		4.7				22.1
Total	$	1,466.0	$	146.4	$	1,028.7	$	(41.3)	$	2,599.8

(*) Less than $0.1 million.

	Three Months Ended March 31, 2023
			Mexican
	Mexican		IMMSA		Peruvian		Corporate &
	Open-Pit		Unit		Operations		Elimination		Consolidated
The Americas:
Mexico	$	660.9	$	137.0	$	—	$	(36.5)	$	761.4
United States		356.7		7.4		148.3				512.4
Peru		—		1.8		164.4		(1.7)		164.5
Brazil		—		10.9		97.2				108.1
Chile		(5.2)		—		105.9				100.7
Other American countries		9.5		—		6.2				15.7
Europe:
Switzerland		136.8		8.6		103.5				248.9
Italy		(0.2)		6.4		117.1				123.3
Spain		123.9		—		—				123.9
Other European countries		59.6		7.3		53.3				120.2
Asia:
China		153.3		—		29.7				183.0
Singapore		44.2		—		57.3				101.5
Japan		61.9		—		137.6				199.5
Other Asian countries		25.5		0.1		5.2				30.8
Total	$	1,626.9	$	179.5	$	1,025.7	$	(38.2)	$	2,793.9

The following table presents information regarding the sales value by reporting segment of the Company’s significant products for the three-month period ended March 31, 2024 and 2023 (in millions):

	Three Months Ended March 31, 2024
			Mexican
	Mexican		IMMSA		Peruvian		Corporate, Other &		Total
	Open-pit		Unit		Operations		Eliminations		Consolidated
Copper	$	1,206.2	$	27.5	$	829.0	$	(19.0)	$	2,043.7
Molybdenum		144.6		—		129.0		—		273.6
Silver		66.7		35.5		31.1		(21.7)		111.6
Zinc		4.3		65.2		—		0.6		70.1
Other		44.2		18.2		39.6		(1.2)		100.8
Total	$	1,466.0	$	146.4	$	1,028.7	$	(41.3)	$	2,599.8

	Three Months Ended March 31, 2023
			Mexican
	Mexican		IMMSA		Peruvian		Corporate, Other &		Total
	Open-pit		Unit		Operations		Eliminations		Consolidated
Copper	$	1,340.6	$	19.5	$	804.9	$	(17.1)	$	2,147.9
Molybdenum		160.7		—		140.9		—		301.6
Silver		65.3		42.8		25.5		(18.5)		115.1
Zinc		—		91.5		—		0.6		92.1
Other		60.3		25.7		54.4		(3.2)		137.2
Total	$	1,626.9	$	179.5	$	1,025.7	$	(38.2)	$	2,793.9

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 March 31, 2024:
Trade receivables	$	708.1	$	47.7	$	538.1	$	—	$	1,293.9
Related parties, current		20.8		2.2		0.2		—		23.2
As of December 31, 2023:
Trade receivables	$	556.3	$	49.1	$	535.7	$	—	$	1,141.1
Related parties, current		25.7		0.9		0.8		(0.1)		27.3

Schedule long term contracts by products

Copper concentrates (in tonnes)	180,000
Copper cathodes (in tonnes)	48,000
Molybdenum concentrates (in tonnes)	18,970
Sulfuric acid (in tonnes)	346,276

Schedule of provisionally priced copper and molybdenum sales outstanding

	Sales volume	Priced at
	(million lbs.)	(per pound)	Month of settlement
Copper	211.4	4.01	April 2024 through August 2024
Molybdenum	16.2	19.70	April 2024 through July 2024