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v3.19.1

REVENUE: (Tables) | 3 Months Ended
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Mar. 31, 2019
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, 2019
|  | Mexican |  | Mexican |  | Peruvian |  | Corporate & |  |  |
|  | Open-Pit |  | IMMSA Unit |  | Operations |  | Elimination |  | Consolidated
The Americas: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mexico |  | $ | 351.3 |  | $ | 86.8 |  | $ | — |  | $ | (19.9) |  | $ | 418.2
United States |  |  | 279.0 |  |  | 1.4 |  |  | 6.7 |  |  | — |  |  | 287.1
Peru |  |  | 1.6 |  |  | — |  |  | 85.7 |  |  | — |  |  | 87.3
Brazil |  |  | — |  |  | 7.2 |  |  | 48.3 |  |  | — |  |  | 55.5
Chile |  |  | 1.1 |  |  | — |  |  | 20.0 |  |  | — |  |  | 21.1
Other American countries |  |  | 12.8 |  |  | 0.5 |  |  | 1.8 |  |  | — |  |  | 15.1
Europe: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Switzerland |  |  | 225.4 |  |  | 12.0 |  |  | 110.4 |  |  | — |  |  | 347.8
Italy |  |  | 29.2 |  |  | 5.5 |  |  | 47.3 |  |  | — |  |  | 82.0
Spain |  |  | 45.5 |  |  | — |  |  | — |  |  | — |  |  | 45.5
Other European countries |  |  | 22.9 |  |  | 5.8 |  |  | 53.9 |  |  | — |  |  | 82.6
Asia: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Singapore |  |  | 58.5 |  |  | 1.8 |  |  | 52.6 |  |  | — |  |  | 112.9
Japan |  |  | 9.8 |  |  | — |  |  | 117.5 |  |  | — |  |  | 127.3
Other Asian countries |  |  | 35.0 |  |  | 0.1 |  |  | 35.9 |  |  | — |  |  | 71.0
Total |  | $ | 1,072.1 |  | $ | 121.1 |  | $ | 580.1 |  | $ | (19.9) |  | $ | 1,753.4
|  | Three Months Ended March 31, 2018
|  | Mexican |  | Mexican |  | Peruvian |  | Corporate & |  |  |
|  | Open-Pit |  | IMMSA Unit |  | Operations |  | 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
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, 2019 and 2018 (in millions):
|  | Three Months Ended March 31, 2019
|  | Mexican |  | Mexican |  | Peruvian |  | Corporate & |  |  |
|  | Open-Pit |  | IMMSA Unit |  | Operations |  | Elimination |  | Consolidated
Copper |  | $ | 895.1 |  | $ | 11.0 |  | $ | 522.4 |  | $ | (12.9) |  | $ | 1,415.6
Molybdenum |  |  | 90.1 |  |  | — |  |  | 28.2 |  |  | — |  |  | 118.3
Zinc |  |  | — |  |  | 77.1 |  |  | — |  |  | (0.4) |  |  | 76.7
Silver |  |  | 50.4 |  |  | 17.3 |  |  | 14.9 |  |  | (5.8) |  |  | 76.8
Other |  |  | 36.5 |  |  | 15.7 |  |  | 14.6 |  |  | (0.8) |  |  | 66.0
Total |  | $ | 1,072.1 |  | $ | 121.1 |  | $ | 580.1 |  | $ | (19.9) |  | $ | 1,753.4
|  | Three Months Ended March 31, 2018
|  | Mexican |  | Mexican |  | Peruvian |  | Corporate & |  |  |
|  | Open-Pit |  | IMMSA Unit |  | Operations |  | 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
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 |  | Peruvian |  | Corporate & |  |  |
|  | Open-Pit |  | IMMSA Unit |  | Operations |  | Elimination |  | Consolidated
As of March 31, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade receivables |  | $ | 543.9 |  | $ | 54.0 |  | $ | 278.7 |  | $ | — |  | $ | 876.6
Related parties |  |  | 89.2 |  |  | — |  |  | — |  |  | 9.0 |  | $ | 98.2
As of December 31, 2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade receivables |  | $ | 505.9 |  | $ | 50.5 |  | $ | 266.0 |  | $ | — |  | $ | 822.4
Related parties |  |  | 81.6 |  |  | — |  |  | — |  |  | 19.9 |  |  | 101.5
Schedule long term contracts by products | As of March 31, 2019, the Company has long-term contracts with promises to deliver the following products in 2019:
Copper concentrates (in tons) |  | 1,090,000
Copper cathodes (in tons) |  | 48,000
Molybdenum concentrates (in tons) |  | 24,106
Sulfuric acid (in tons) |  | 331,620
Schedule of provisionally priced copper and molybdenum sales outstanding | Following are the provisionally priced copper and molybdenum sales outstanding at March 31, 2019:
|  | Sales volume |  | Priced at |  |
|  | (million lbs.) |  | (per pound) |  | Month of settlement
Copper |  | 105.0 |  | $ | 2.94 |  | April through July 2019
Molybdenum |  | 10.2 |  | $ | 12.13 |  | April through June 2019

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