EX-12.1 6 a2171259zex-12_1.htm EXHIBIT 12.1
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EXHIBIT 12.1

Ratio of Earningns to Fixed charges
Southern Copper Corporation
Computation of Ratio of Earnings to Fixed Charges
(Amounts in Thousands of dollars)

												Three Months Ended March 31,
		2001		2002		2003		2004		2005		2005		2006
Earnings before tax, minority interest and cumulative effect of change in accounting principle		(65,792	)	65,288		209,468		1,420,871		2,002,367		445,907		623,170
Fixed Charges:
Interest expense, net of capitalized interest		171,242		128,747		117,009		107,904		108,874		26,998		22,907
Amortized premiums, discounts and capital expenses related to indebtedness		2,159		12,400		5,844		16,500		10,559		1,690		0
Total fixed charges		173,401		141,147		122,853		124,404		119,433		28,688		22,907
Pre-tax income(loss) from continuing operations plus fixed charges		107,609		206,435		332,321		1,545,275		2,121,800		474,595		646,077
Ratio of earnings to fixed charges		(A	)	1.5		2.7		12.4		17.8		16.5		28.2

(A)

Due to Southern Copper corporation's loss in 2001, the ratio coverage was less than 1:1. Southern Copper Corporation must generate additional earnings of $65,792 to achieve a coverage of 1:1

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