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REVENUE RECOGNITION: (Tables)

3 Months Ended

Mar. 31, 2018

REVENUE RECOGNITION:

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, 2018
		Mexican  Open-Pit			Mexican  IMMSA Unit			Peruvian  Operations			Corporate &  Elimination			Consolidated
The Americas:
Mexico		$	368.8		$	111.3		$	—		$	(19.6	)	$	460.5
United States		248.4			5.0			41.5			—			294.9
Peru		—			—			93.5			—			93.5
Brazil		—			12.6			62.9			—			75.5
Chile		—			—			36.0			—			36.0
Other American countries		12.6			0.8			1.0			—			14.4
Europe:
Switzerland		82.3			9.2			43.8			—			135.3
Italy		8.3			5.5			82.2			—			96.0
Spain		44.5			—			—			—			44.5
Other European countries		51.8			4.6			25.7			—			82.1
Asia:
Singapore		143.9			—			132.5			—			276.4
Japan		44.2			—			115.2			—			159.4
Other Asian countries		63.8			0.2			8.6			—			72.6
Total		$	1,068.6		$	149.2		$	642.9		$	(19.6	)	$	1,841.1

		Three Months Ended March 31, 2017
		Mexican  Open-Pit			Mexican  IMMSA Unit			Peruvian  Operations			Corporate &  Elimination			Consolidated
The Americas:
Mexico		$	300.5		$	88.5		$	—		$	(20.6	)	$	368.4
United States		266.6			11.7			22.1			—			300.4
Peru		—			0.5			87.4			—			87.9
Brazil		—			11.9			45.5			—			57.4
Chile		—			—			33.2			—			33.2
Other American countries		16.8			1.0			6.2			—			24.0
Europe:
Switzerland		91.3			3.3			2.5			—			97.1
Italy		5.8			5.1			76.7			—			87.6
Spain		30.2			—			—			—			30.2
Other European countries		50.2			7.2			18.7			—			76.1
Asia:
Singapore		141.6			1.5			135.5			—			278.6
Japan		26.4			—			89.1			—			115.5
Other Asian countries		22.8			0.1			4.6			—			27.5
Total		$	952.2		$	130.8		$	521.5		$	(20.6	)	$	1,583.9

The following table presents information regarding the sales value by reporting segment of the Company’s significant products for the three months ended March 31, 2018 and 2017 (in millions):

		Three Months Ended March 31, 2018
		Mexican  Open-Pit			Mexican  IMMSA Unit			Peruvian  Operations			Corporate &  Elimination			Consolidated
Copper		$	909.4		$	11.2		$	564.0		$	(11.2	)	$	1,473.4
Molybdenum		91.0			—			45.3			—			136.3
Zinc		—			95.0			—			(0.1		)	94.9
Silver		42.6			20.6			15.4			(7.5		)	71.1
Other		25.6			22.4			18.2			(0.8		)	65.4
Total		$	1,068.6		$	149.2		$	642.9		$	(19.6	)	$	1,841.1

		Three Months Ended March 31, 2017
		Mexican  Open-Pit			Mexican  IMMSA Unit			Peruvian  Operations			Corporate &  Elimination			Consolidated
Copper		$	828.2		$	10.9		$	457.6		$	(10.9	)	$	1,285.8
Molybdenum		53.9			—			38.9			—			92.8
Zinc		—			79.3			—			(0.3		)	79.0
Silver		47.5			19.7			14.0			(7.4		)	73.8
Other		22.6			20.9			11.0			(2.0		)	52.5
Total		$	952.2		$	130.8		$	521.5		$	(20.6	)	$	1,583.9

Schedule of opening and closing balances of receivables by reporting segment

The following table presents information regarding the opening and closing balances of receivables by reporting segment of the Company for the three months ended March 31, 2018 (in millions):

		Mexican  Open-Pit			Mexican  IMMSA Unit			Peruvian  Operations			Corporate &  Elimination			Consolidated
As of March 31, 2018:
Trade receivables		$	539.7		$	71.7		$	262.5		$	—		$	873.9
Related parties		58.1			—			—			$	8.0		$	66.1
As of December 31, 2017:
Trade receivables		$	556.2		$	79.7		$	254.7		$	—		$	890.6
Related parties		18.0			—			—			8.1			26.1

Schedule of provisionally priced copper and molybdenum sales outstanding

		Sales volume (million lbs.)		Priced at (per pound)			Month of settlement
Copper		45.5		$	3.02		From April 2018 to June 2018
Molybdenum		9.4		$	12.63		From April 2018 to June 2018

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