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REVENUE RECOGNITION: (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, 2018 |
|  | Mexican Open-Pit |  | Mexican IMMSA Unit |  | Peruvian Operations |  | Corporate & Elimination |  | Consolidated |
The Americas: |  |  |  |  |  |  |  |  |  |  |
Mexico |  | $ | 328.1 |  | $ | 109.3 |  | $ | — |  | $ | (18.8 | ) | $ | 418.6 |
United States |  | 270.9 |  | 0.6 |  | 56.9 |  | — |  | 328.4 |
Peru |  | — |  | — |  | 106.5 |  | — |  | 106.5 |
Brazil |  | — |  | 9.7 |  | 64.4 |  | — |  | 74.1 |
Chile |  | — |  | — |  | 23.6 |  | — |  | 23.6 |
Other American countries |  | 13.8 |  | 1.6 |  | 0.2 |  | — |  | 15.6 |
Europe: |  |  |  |  |  |  |  |  |  |  |
Switzerland |  | 116.7 |  | 17.8 |  | 30.6 |  | — |  | 165.1 |
Italy |  | 4.7 |  | 8.0 |  | 78.1 |  | — |  | 90.8 |
Spain |  | 44.2 |  | — |  | — |  | — |  | 44.2 |
Other European countries |  | 69.9 |  | 5.8 |  | 22.4 |  | — |  | 98.1 |
Asia: |  |  |  |  |  |  |  |  |  |  |
Singapore |  | 140.2 |  | — |  | 146.6 |  | — |  | 286.8 |
Japan |  | 29.1 |  | — |  | 104.0 |  | — |  | 133.1 |
Other Asian countries |  | 43.5 |  | 0.3 |  | 8.5 |  | — |  | 52.3 |
Total |  | $ | 1,061.1 |  | $ | 153.1 |  | $ | 641.8 |  | $ | (18.8 | ) | $ | 1,837.2 |
|  | Three Months Ended June 30, 2017 |
|  | Mexican Open-Pit |  | Mexican IMMSA Unit |  | Peruvian Operations |  | Corporate & Elimination |  | Consolidated |
The Americas: |  |  |  |  |  |  |  |  |  |  |
Mexico |  | $ | 263.6 |  | $ | 87.5 |  | $ | 2.2 |  | $ | (17.6 | ) | $ | 335.7 |
United States |  | 194.1 |  | 11.9 |  | 36.4 |  | — |  | 242.4 |
Peru |  | — |  | 0.4 |  | 82.4 |  | — |  | 82.8 |
Brazil |  | — |  | 12.1 |  | 43.8 |  | — |  | 55.9 |
Chile |  | — |  | — |  | 18.1 |  | — |  | 18.1 |
Other American countries |  | 14.2 |  | 0.7 |  | 0.1 |  | — |  | 15.0 |
Europe: |  |  |  |  |  |  |  |  |  |  |
Switzerland |  | 134.5 |  | 2.5 |  | 23.7 |  | — |  | 160.7 |
Italy |  | 8.5 |  | 3.4 |  | 66.7 |  | — |  | 78.6 |
Spain |  | 35.2 |  | — |  | — |  | — |  | 35.2 |
Other European countries |  | 77.1 |  | 6.4 |  | 17.5 |  | — |  | 101.0 |
Asia: |  |  |  |  |  |  |  |  |  |  |
Singapore |  | 114.0 |  | (0.1 | ) | 127.6 |  | — |  | 241.5 |
Japan |  | 8.1 |  | — |  | 93.1 |  | — |  | 101.2 |
Other Asian countries |  | 50.5 |  | 0.1 |  | 11.1 |  | — |  | 61.7 |
Total |  | $ | 899.8 |  | $ | 124.9 |  | $ | 522.7 |  | $ | (17.6 | ) | $ | 1,529.8 |
|  | Six Months Ended June 30, 2018 |
|  | Mexican Open-Pit |  | Mexican IMMSA Unit |  | Peruvian Operations |  | Corporate & Elimination |  | Consolidated |
The Americas: |  |  |  |  |  |  |  |  |  |  |
Mexico |  | $ | 696.9 |  | $ | 220.7 |  | $ | — |  | $ | (38.4 | ) | $ | 879.2 |
United States |  | 519.3 |  | 5.5 |  | 98.4 |  | — |  | 623.2 |
Peru |  | — |  | — |  | 200.0 |  | — |  | 200.0 |
Brazil |  | — |  | 22.3 |  | 127.3 |  | — |  | 149.6 |
Chile |  | — |  | — |  | 59.6 |  | — |  | 59.6 |
Other American countries |  | 26.4 |  | 2.3 |  | 1.2 |  | — |  | 29.9 |
Europe: |  |  |  |  |  |  |  |  |  |  |
Switzerland |  | 199.0 |  | 27.1 |  | 74.4 |  | — |  | 300.5 |
Italy |  | 13.1 |  | 13.5 |  | 160.3 |  | — |  | 186.9 |
Spain |  | 88.7 |  | — |  | — |  | — |  | 88.7 |
Other European countries |  | 121.7 |  | 10.5 |  | 48.1 |  | — |  | 180.3 |
Asia: |  |  |  |  |  |  |  |  |  |  |
Singapore |  | 284.1 |  | — |  | 279.0 |  | — |  | 563.1 |
Japan |  | 73.3 |  | — |  | 219.3 |  | — |  | 292.6 |
Other Asian countries |  | 107.2 |  | 0.5 |  | 17.1 |  | — |  | 124.8 |
Total |  | $ | 2,129.7 |  | $ | 302.4 |  | $ | 1,284.7 |  | $ | (38.4 | ) | $ | 3,678.4 |
|  | Six Months Ended June 30, 2017 |
|  | Mexican Open-Pit |  | Mexican IMMSA Unit |  | Peruvian Operations |  | Corporate & Elimination |  | Consolidated |
The Americas: |  |  |  |  |  |  |  |  |  |  |
Mexico |  | $ | 564.1 |  | $ | 176.0 |  | $ | 2.2 |  | $ | (38.1 | ) | $ | 704.2 |
United States |  | 460.7 |  | 23.6 |  | 58.4 |  | — |  | 542.7 |
Peru |  | — |  | 0.8 |  | 169.9 |  | — |  | 170.7 |
Brazil |  | — |  | 24.0 |  | 89.3 |  | — |  | 113.3 |
Chile |  | — |  | — |  | 51.3 |  | — |  | 51.3 |
Other American countries |  | 31.1 |  | 1.7 |  | 6.3 |  | — |  | 39.1 |
Europe: |  |  |  |  |  |  |  |  |  |  |
Switzerland |  | 225.7 |  | 5.8 |  | 26.1 |  | — |  | 257.6 |
Italy |  | 14.2 |  | 8.5 |  | 143.5 |  | — |  | 166.2 |
Spain |  | 65.4 |  | — |  | — |  | — |  | 65.4 |
Other European countries |  | 127.3 |  | 13.6 |  | 36.3 |  | — |  | 177.2 |
Asia: |  |  |  |  |  |  |  |  |  |  |
Singapore |  | 255.6 |  | 1.4 |  | 263.1 |  | — |  | 520.1 |
Japan |  | 34.6 |  | — |  | 182.1 |  | — |  | 216.7 |
Other Asian countries |  | 73.3 |  | 0.3 |  | 15.7 |  | — |  | 89.3 |
Total |  | $ | 1,852.0 |  | $ | 255.7 |  | $ | 1,044.2 |  | $ | (38.1 | ) | $ | 3,113.8 |
The following table presents information regarding the sales value by reporting segment of the Company’s significant products for the three and six months ended June 30, 2018 and 2017 (in millions):
|  | Three Months Ended June 30, 2018 |
|  | Mexican Open-Pit |  | Mexican IMMSA Unit |  | Peruvian Operations |  | Corporate & Elimination |  | Consolidated |
Copper |  | $ | 911.7 |  | $ | 15.9 |  | $ | 571.9 |  | $ | (11.0 | ) | $ | 1,488.5 |
Molybdenum |  | 73.9 |  | — |  | 30.6 |  | — |  | 104.5 |
Zinc |  | — |  | 94.8 |  | — |  | — |  | 94.8 |
Silver |  | 48.1 |  | 23.9 |  | 18.4 |  | (7.1 | ) | 83.3 |
Other |  | 27.4 |  | 18.5 |  | 20.9 |  | (0.7 | ) | 66.1 |
Total |  | $ | 1,061.1 |  | $ | 153.1 |  | $ | 641.8 |  | $ | (18.8 | ) | $ | 1,837.2 |
|  | Three Months Ended June 30, 2017 |
|  | Mexican Open-Pit |  | Mexican IMMSA Unit |  | Peruvian Operations |  | Corporate & Elimination |  | Consolidated |
Copper |  | $ | 788.4 |  | $ | 8.0 |  | $ | 467.8 |  | $ | (8.1 | ) | $ | 1,256.1 |
Molybdenum |  | 42.7 |  | — |  | 24.4 |  | — |  | 67.1 |
Zinc |  | — |  | 76.4 |  | — |  | 0.3 |  | 76.7 |
Silver |  | 42.9 |  | 20.2 |  | 19.9 |  | (7.5 | ) | 75.5 |
Other |  | 25.8 |  | 20.3 |  | 10.6 |  | (2.3 | ) | 54.4 |
Total |  | $ | 899.8 |  | $ | 124.9 |  | $ | 522.7 |  | $ | (17.6 | ) | $ | 1,529.8 |
|  | Six Months Ended June 30, 2018 |
|  | Mexican Open-Pit |  | Mexican IMMSA Unit |  | Peruvian Operations |  | Corporate & Elimination |  | Consolidated |
Copper |  | $ | 1,821.1 |  | $ | 27.1 |  | $ | 1,135.9 |  | $ | (22.2 | ) | $ | 2,961.9 |
Molybdenum |  | 164.9 |  | — |  | 75.9 |  | — |  | 240.8 |
Zinc |  | — |  | 189.8 |  | — |  | (0.1 | ) | 189.7 |
Silver |  | 90.7 |  | 44.5 |  | 33.8 |  | (14.6 | ) | 154.4 |
Other |  | 53.0 |  | 41.0 |  | 39.1 |  | (1.5 | ) | 131.6 |
Total |  | $ | 2,129.7 |  | $ | 302.4 |  | $ | 1,284.7 |  | $ | (38.4 | ) | $ | 3,678.4 |
|  | Six Months Ended June 30, 2017 |
|  | Mexican Open-Pit |  | Mexican IMMSA Unit |  | Peruvian Operations |  | Corporate & Elimination |  | Consolidated |
Copper |  | $ | 1,616.6 |  | $ | 18.9 |  | $ | 925.4 |  | $ | (19.0 | ) | $ | 2,541.9 |
Molybdenum |  | 96.6 |  | — |  | 63.3 |  | — |  | 159.9 |
Zinc |  | — |  | 155.7 |  | — |  | — |  | 155.7 |
Silver |  | 90.4 |  | 39.9 |  | 33.9 |  | (14.9 | ) | 149.3 |
Other |  | 48.4 |  | 41.2 |  | 21.6 |  | (4.2 | ) | 107.0 |
Total |  | $ | 1,852.0 |  | $ | 255.7 |  | $ | 1,044.2 |  | $ | (38.1 | ) | $ | 3,113.8 |
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 six months ended June 30, 2018 (in millions):
|  | Mexican Open-Pit |  | Mexican IMMSA Unit |  | Peruvian Operations |  | Corporate & Elimination |  | Consolidated |
As of June 30, 2018: |  |  |  |  |  |  |  |  |  |  |
Trade receivables |  | $ | 503.3 |  | $ | 62.9 |  | $ | 247.0 |  | $ | — |  | $ | 813.2 |
Related parties |  | 67.4 |  | — |  | — |  | 8.8 |  | 76.2 |
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 | Following are the provisionally priced copper and molybdenum sales outstanding at June 30, 2018:
|  | Sales volume (million lbs.) |  | Priced at (per pound) |  | Month of settlement |
Copper |  | 31.3 |  | $ | 2.96 |  | July through September 2018 |
Molybdenum |  | 10.0 |  | $ | 10.60 |  | July through September 2018 |

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