XML 101 R43.htm IDEA: XBRL DOCUMENT v3.22.0.1

STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2021

Share based Compensation Plan

Schedule of activity in treasury stock

​

Activity in treasury stock in the years 2021 and 2020 was as follows (in millions):

​

​	​	​	​	​	​	​
​		2021			2020
Southern Copper common shares	​	​	​	​	​	​
Balance as of January 1,	​	$	2,767.5	​	$	2,767.9
Used for corporate purposes	​		(0.3)	​		(0.4)
Balance as of December 31,	​		2,767.2	​		2,767.5
​	​	​	​	​	​	​
Parent Company (Grupo Mexico) common shares	​	​	​	​	​	​
Balance as of January 1,	​		296.0	​		281.0
Other activity, including dividend, interest and foreign currency transaction effect	​		10.8	​		15.0
Balance as of December 31,	​		306.8	​		296.0
Treasury stock balance as of December 31,	​	$	3,074.0	​	$	3,063.5

Schedule of activity in Directors' Stock Award Plan

​

​	​	​	​	​
​		2021		2020
Total SCC shares reserved for the plan		600,000		600,000
Total shares granted at January 1,		(391,600)		(377,200)
Granted in the period		(13,600)		(14,400)
Total shares granted at December 31,		(405,200)		(391,600)
Remaining shares reserved		194,800		208,400

​

Employee Stock Purchase 2015 Plan

Share based Compensation Plan

Schedule of stock based compensation expense and unrecognized compensation expense

The stock-based compensation expense for the years ended December 31, 2021, 2020 and 2019 and the unrecognized compensation expense under this plan were as follows (in millions):

​	​	​	​	​	​	​	​	​	​
​		2021			2020			2019
Stock based compensation expense	​	$	0.6	​	$	0.6	​	$	0.6
Unrecognized compensation expense	​	$	0.8	​	$	1.4	​	$	2.0

​

Schedule of stock award activity

​

​	​	​	​	​	​
​		​		Unit Weighted Average
​	​	Shares	​	Grant Date Fair Value
Outstanding shares at January 1, 2021		1,264,410	​	$	2.63
Granted		—	​		​
Exercised		(397,176)	​	$	2.63
Forfeited		—	​		—
Outstanding shares at December 31, 2021		867,234	​	$	2.63
Outstanding shares at January 1, 2020		1,379,734	​	$	2.63
Granted		—	​		​
Exercised		(115,324)	​	$	2.63
Forfeited		—	​		—
Outstanding shares at December 31, 2020		1,264,410	​	$	2.63

Employee Stock Purchase 2018 Plan

Share based Compensation Plan

Schedule of stock based compensation expense and unrecognized compensation expense

​

The stock-based compensation expense for the years ended December 31, 2021, 2020 and 2019 and the unrecognized compensation expense under this plan were as follows (in millions):

​

​	​	​	​	​	​	​	​	​	​
​		2021		​	2020		​	2019
Stock based compensation expense	​	$	0.7		$	0.7	​	$	0.7
Unrecognized compensation expense	​	$	3.1		$	3.8	​	$	4.5

Schedule of stock award activity

​

​	​	​	​	​
​	​	​	​	Unit Weighted Average
​		Shares		Grant Date Fair Value
Outstanding shares at January 1, 2021		3,918,458	$	1.86
Granted		—	​	—
Exercised		(744,534)	$	1.86
Forfeited		—		—
Outstanding shares at December 31, 2021		3,173,924	$	1.86
Outstanding shares at January 1, 2020	​	4,002,898	$	1.86
Granted	​	—	​	—
Exercised	​	(84,440)	$	1.86
Forfeited	​	—		—
Outstanding shares at December 31, 2020		3,918,458	$	1.86

X

- Definition

Tabular disclosure of the recognized and unrecognized expense arising from equity-based compensation arrangements.

+ References

No definition available.

+ Details

Name:	scco_ScheduleOfStockBasedCompensationExpenseAndUnrecognizedCompensationExpenseTableTextBlock
Namespace Prefix:	scco_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of employee stock purchase plan activity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationEmployeeStockPurchasePlanActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock awards granted to nonemployee directors that were outstanding at the beginning and end of the year, and the number of awards that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationNonemployeeDirectorStockAwardPlanActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23309-112656

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

+ Details

Name:	us-gaap_ScheduleOfTreasuryStockByClassTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_PlanNameAxis=scco_EmployeeStockPurchase2015PlanMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_PlanNameAxis=scco_EmployeeStockPurchase2018PlanMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: