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v3.20.1

REVENUE: (Tables) | 3 Months Ended
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Mar. 31, 2020
REVENUE: |
Summary of company's sales by geographic wise and segment wise | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2020
​ | ​ | ​ | ​ | Mexican | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Mexican | ​ | IMMSA | ​ | Peruvian | ​ | Corporate & | ​ | ​ | ​
​ |  | Open-Pit |  | Unit |  | Operations |  | Elimination |  | Consolidated
The Americas: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mexico | ​ | $ | 363.6 | ​ | $ | 99.2 | ​ | $ | — | ​ | $ | (26.8) | ​ | $ | 436.0
United States | ​ |  | 258.2 | ​ |  | 0.2 | ​ |  | 40.9 | ​ |  | — | ​ |  | 299.3
Peru | ​ |  | — | ​ |  | 3.0 | ​ |  | 73.1 | ​ |  | — | ​ |  | 76.1
Brazil | ​ |  | — | ​ |  | 3.5 | ​ |  | 54.5 | ​ |  | — | ​ |  | 58.0
Chile | ​ |  | 1.9 | ​ |  | — | ​ |  | 48.2 | ​ |  | — | ​ |  | 50.1
Other American countries | ​ |  | 8.3 | ​ |  | 0.9 | ​ |  | 0.2 | ​ |  | — | ​ |  | 9.4
Europe: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Switzerland | ​ |  | 172.5 | ​ |  | 14.9 | ​ |  | 66.5 | ​ |  | — | ​ |  | 253.9
Italy | ​ |  | — | ​ |  | 3.4 | ​ |  | 66.8 | ​ |  | — | ​ |  | 70.2
Spain | ​ |  | 46.6 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 46.6
Other European countries | ​ |  | 20.3 | ​ |  | 6.1 | ​ |  | 52.9 | ​ |  | — | ​ |  | 79.3
Asia: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Singapore | ​ |  | 61.7 | ​ |  | 3.2 | ​ |  | 135.8 | ​ |  | — | ​ |  | 200.7
Japan | ​ |  | 9.4 | ​ |  | — | ​ |  | 98.7 | ​ |  | — | ​ |  | 108.1
Other Asian countries | ​ |  | 11.2 | ​ |  | 0.1 | ​ |  | 20.7 | ​ |  | — | ​ |  | 32.0
Total | ​ | $ | 953.7 | ​ | $ | 134.5 | ​ | $ | 658.3 | ​ | $ | (26.8) | ​ | $ | 1,719.7
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2019
​ | ​ | ​ | ​ | ​ | Mexican | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Mexican | ​ | IMMSA | ​ | Peruvian | ​ | Corporate & | ​ | ​ | ​
​ |  | Open-Pit |  | 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
​ 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, 2020 and 2019 (in millions): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2020
​ |  | ​ | ​ | Mexican | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Mexican |  | IMMSA |  | Peruvian |  | Corporate, Other & |  | Total
​ | ​ | Open-pit | ​ | Unit | ​ | Operations | ​ | Eliminations | ​ | Consolidated
Copper | ​ | $ | 799.7 | ​ | $ | 18.0 | ​ | $ | 561.0 | ​ | $ | (12.9) | ​ | $ | 1,365.8
Molybdenum | ​ |  | 72.0 | ​ |  | — | ​ |  | 54.1 | ​ |  | — | ​ |  | 126.1
Silver | ​ |  | 44.6 | ​ |  | 35.4 | ​ |  | 20.0 | ​ |  | (11.9) | ​ |  | 88.1
Zinc | ​ |  | — | ​ |  | 65.4 | ​ |  | — | ​ |  | (0.5) | ​ |  | 64.9
Other | ​ |  | 37.4 | ​ |  | 15.7 | ​ |  | 23.2 | ​ |  | (1.5) | ​ |  | 74.8
Total | ​ | $ | 953.7 | ​ | $ | 134.5 | ​ | $ | 658.3 | ​ | $ | (26.8) | ​ | $ | 1,719.7
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2019
​ |  | ​ | ​ | Mexican | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Mexican |  | IMMSA |  | Peruvian |  | Corporate, Other & |  | Total
​ | ​ | Open-pit | ​ | Unit | ​ | Operations | ​ | Eliminations | ​ | 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
​
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 |  | IMMSA |  | Peruvian |  | Corporate & |  | ​ | ​
​ | ​ | Open-Pit | ​ | Unit | ​ | Operations | ​ | Elimination | ​ | Consolidated
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of March 31, 2020: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Trade receivables | ​ | $ | 411.1 | ​ | $ | 44.4 | ​ | $ | 254.2 | ​ | $ | — | ​ | $ | 709.7
Related parties, current | ​ |  | 27.4 | ​ |  | — | ​ |  | — | ​ |  | 7.9 | ​ |  | 35.3
Related parties, non-current | ​ | ​ | 59.0 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 59.0
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of December 31, 2019: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Trade receivables | ​ | $ | 477.8 | ​ | $ | 38.0 | ​ | $ | 317.1 | ​ | $ | — | ​ | $ | 832.9
Related parties, current | ​ |  | 22.1 | ​ |  | — | ​ |  | — | ​ |  | 7.9 | ​ |  | 30.0
Related parties, non-current | ​ | ​ | 59.5 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 59.5
Schedule long term contracts by products | As of March 31, 2020, the Company has long-term contracts with promises to deliver the following products in 2020: ​
​ | ​ | ​
Copper concentrates (in tons) |  | 870,000
Copper cathodes (in tons) | ​ | 48,000
Molybdenum concentrates (in tons) |  | 24,061
Sulfuric acid (in tons) |  | 292,400
​
Schedule of provisionally priced copper and molybdenum sales outstanding | Following are the provisionally priced copper and molybdenum sales outstanding at March 31, 2020:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Sales volume |  | Priced at |  | ​
​ | ​ | (million lbs.) | ​ | (per pound) | ​ | Month of settlement
Copper | ​ | 83.5 | ​ | 2.24 | ​ | April 2020 through July 2020
Molybdenum | ​ | 14.8 | ​ | 8.43 | ​ | April 2020 through July 2020

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