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STOCKHOLDERS' EQUITY: (Tables)
 3 Months Ended
Mar. 31, 2018
STOCKHOLDERS' EQUITY:  
Schedule of activity in treasury stock

 

Activity in treasury stock in the three-month period ended March 31, 2018 and 2017 is as follows (in millions):

 

 

 

2018

 

2017

 

Southern Copper common shares

 

 

 

 

 

Balance as of January 1,

 

$
2,768.7

 

$
2,769.0

 

Purchase of shares

 

—

 

—

 

 

 

 

 

 

 

Balance as of March 31,

 
2,768.7

 
2,769.0

 

 

 

 

 

 

 

 

 

 

 

 

 

Parent Company (Grupo Mexico) common shares

 

 

 

 

 

Balance as of January 1,

 
232.4

 
218.6

 

Other activity, including dividend, interest and foreign currency transaction effect

 
6.5

 
2.1

 

 

 

 

 

 

 

Balance as of March 31,

 
238.9

 
220.7

 

 

 

 

 

 

 

 

 

 

 

 

 

Treasury stock balance as of March 31,

 

$
3,007.6

 

$
2,989.7

 

 

 

 

 

 

 

 

 

 

Schedule of share repurchase program activity

 

Period

 

Total Number
of Shares

 

Average
Price Paid

 

Total Number of
Shares Purchased

as Part of Publicly

 

Maximum
Number of Shares
that May Yet Be

Purchased Under
the Plan

 

Total Cost
($ in

 

From

 

To

 

Purchased

 

per Share

 

Announced Plan

 

@ $54.18(1)

 

millions)

 

2008

 

2012

 
46,914,486

 

$
18.72

 
46,914,486

 

 

 
878.1

 

2013:

 

 

 
10,245,000

 
27.47

 
57,159,486

 

 

 
281.4

 

2014:

 

 

 
22,711,428

 
30.06

 
79,870,914

 

 

 
682.8

 

2015:

 

 

 
36,689,052

 
27.38

 
116,559,966

 

 

 
1,004.4

 

2016:

 

 

 
2,937,801

 
24.42

 

 

 

 

 
71.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total purchased

 

 

 
119,497,767

 

$
24.42

 

 

 
1,506,706

 

$
2,918.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(*) NYSE closing price of SCC common shares at March 31, 2018.

 

Summary of non-controlling interest activity

 

 

 

2018

 

2017

 

Balance as of January 1,

 

$
41.7

 

$
38.6

 

Net earnings

 
1.2

 
0.9

 

Dividend paid

 
(0.3

)
(0.2

)

 

 

 

 

 

 

Balance as of March 31,

 

$
42.6

 

$
39.3

 

 

 

 

 

 

 

 

 

 

Employee Stock Purchase 2010 Plan  
STOCKHOLDERS' EQUITY:  
Schedule of stock based compensation expense and unrecognized compensation expense

 

The stock based compensation expense for the first quarter 2018 and 2017 and the unrecognized compensation expense under this plan were as follows (in millions):

 

 

 

2018

 

2017

 

Stock based compensation expense

 

$
0.1

 

$
0.1

 

Unrecognized compensation expense

 

$
0.1

 

$
0.7

 

 

Schedule of stock award activity

 

 

 

Shares

 

Unit Weighted Average
Grant Date Fair Value

 

 

 

 

 

 

 

Outstanding shares at January 1, 2018

 
1,393,663

 

$
2.05

 

Granted

 

—

 

—

 

Exercised

 
(981,707

)
2.05

 

Forfeited

 

—

 

—

 

 

 

 

 

 

 

Outstanding shares at March 31, 2018

 
411,956

 

$
2.05

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding shares at January 1, 2017

 
1,401,096

 

$
2.05

 

Granted

 

—

 

—

 

Exercised

 

—

 
2.05

 

Forfeited

 

—

 

—

 

 

 

 

 

 

 

Outstanding shares at March 31, 2017

 
1,401,096

 

$
2.05

 

 

 

 

 

 

 

 

 

Employee Stock Purchase 2015 Plan  
STOCKHOLDERS' EQUITY:  
Schedule of stock based compensation expense and unrecognized compensation expense

 

The stock based compensation expense for the first quarter 2018 and 2017 and the unrecognized compensation expense under this plan were as follows (in millions):

 

 

 

2018

 

2017

 

Stock based compensation expense

 

$
0.2

 

$
0.2

 

Unrecognized compensation expense

 

$
3.0

 

$
3.4

 

 

Schedule of stock award activity

 

 

 

Shares

 

Unit Weighted Average
Grant Date Fair Value

 

 

 

 

 

 

 

Outstanding shares at January 1, 2018

 
2,293,120

 

$
2.63

 

Granted

 

—

 

—

 

Exercised

 
(1,873

)
2.63

 

Forfeited

 

—

 

—

 

 

 

 

 

 

 

Outstanding shares at March 31, 2018

 
2,291,247

 

$
2.63

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding shares at January 1, 2017

 
2,540,223

 

$
2.63

 

Granted

 

—

 

—

 

Exercised

 
(228,430

)
2.63

 

Forfeited

 

—

 

—

 

 

 

 

 

 

 

Outstanding shares at March 31, 2017

 
2,311,793

 

$
2.63