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v3.22.1

REVENUE: (Tables) | 3 Months Ended
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Mar. 31, 2022
REVENUE: |
Summary of company's sales by geographic wise and segment wise | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2022
​ | ​ | ​ | ​ | Mexican | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Mexican | ​ | IMMSA | ​ | Peruvian | ​ | Corporate & | ​ | ​ | ​
​ |  | Open-Pit |  | Unit |  | Operations |  | Elimination |  | Consolidated
The Americas: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mexico | ​ | $ | 533.8 | ​ | $ | 130.8 | ​ | $ | — | ​ | $ | (40.0) | ​ | $ | 624.6
United States | ​ |  | 455.6 | ​ |  | 15.7 | ​ |  | 90.8 | ​ |  | — | ​ |  | 562.1
Peru | ​ |  | 115.0 | ​ |  | — | ​ |  | 177.5 | ​ |  | (114.7) | ​ |  | 177.8
Brazil | ​ |  | — | ​ |  | 5.2 | ​ |  | 119.1 | ​ |  | — | ​ |  | 124.3
Chile | ​ |  | — | ​ |  | — | ​ |  | 103.5 | ​ |  | ​ | ​ |  | 103.5
Other American countries | ​ |  | 6.5 | ​ |  | — | ​ |  | 5.4 | ​ |  | — | ​ |  | 11.9
Europe: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Switzerland | ​ |  | 227.4 | ​ |  | 8.3 | ​ |  | 191.1 | ​ |  | ​ | ​ |  | 426.8
Italy | ​ |  | 0.5 | ​ |  | 4.0 | ​ |  | 67.5 | ​ |  | ​ | ​ |  | 72.0
Spain | ​ |  | 93.2 | ​ |  | — | ​ |  | 1.7 | ​ |  | ​ | ​ |  | 94.9
Other European countries | ​ |  | 30.8 | ​ |  | 8.4 | ​ |  | 86.1 | ​ |  | ​ | ​ |  | 125.3
Asia: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
China | ​ | ​ | 112.4 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 112.4
Singapore | ​ |  | 4.7 | ​ |  | 4.9 | ​ |  | 52.2 | ​ |  | ​ | ​ |  | 61.8
Japan | ​ |  | 22.0 | ​ |  | — | ​ |  | 161.4 | ​ |  | — | ​ |  | 183.4
Other Asian countries | ​ |  | 44.3 | ​ |  | 0.2 | ​ |  | 38.5 | ​ | 0 | ​ | ​ |  | 83.0
Total | ​ | $ | 1,646.2 | ​ | $ | 177.5 | ​ | $ | 1,094.8 | ​ | $ | (154.7) | ​ | $ | 2,763.8
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2021
​ | ​ | ​ | ​ | ​ | Mexican | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Mexican | ​ | IMMSA | ​ | Peruvian | ​ | Corporate & | ​ | ​ | ​
​ |  | Open-Pit |  | Unit |  | Operations |  | Elimination |  | Consolidated
The Americas: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mexico | ​ | $ | 453.4 | ​ | $ | 66.6 | ​ | $ | — | ​ | $ | (26.1) | ​ | $ | 493.9
United States | ​ |  | 389.4 | ​ |  | 17.0 | ​ |  | 19.1 | ​ |  | — | ​ | ​ | 425.5
Peru | ​ |  | — | ​ |  | — | ​ |  | 147.4 | ​ |  | — | ​ | ​ | 147.4
Brazil | ​ |  | — | ​ |  | 2.0 | ​ |  | 97.0 | ​ |  | — | ​ | ​ | 99.0
Chile | ​ |  | 1.9 | ​ |  | — | ​ |  | 56.1 | ​ |  | — | ​ | ​ | 58.0
Other American countries | ​ |  | 10.3 | ​ |  | 0.7 | ​ |  | 1.8 | ​ |  | — | ​ | ​ | 12.8
Europe: | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​
Switzerland | ​ | ​ | 294.5 | ​ |  | 7.0 | ​ |  | 92.3 | ​ |  | — | ​ | ​ | 393.8
Italy | ​ | ​ | — | ​ |  | 0.9 | ​ |  | 73.2 | ​ |  | — | ​ | ​ | 74.1
Spain | ​ | ​ | 91.0 | ​ |  | — | ​ |  | 19.9 | ​ |  | — | ​ | ​ | 110.9
Other European countries | ​ | ​ | 73.4 | ​ |  | 26.5 | ​ |  | 81.0 | ​ |  | — | ​ | ​ | 180.9
Asia: | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​
China | ​ | ​ | 55 | ​ | ​ | — | ​ | ​ | 1.9 | ​ | ​ | — | ​ | ​ | 56.6
Singapore | ​ | ​ | 71.6 | ​ |  | 3.6 | ​ |  | 127.1 | ​ |  | — | ​ | ​ | 202.3
Japan | ​ | ​ | 21.4 | ​ |  | — | ​ |  | 162.6 | ​ |  | — | ​ | ​ | 184.0
Other Asian countries | ​ | ​ | 16.9 | ​ |  | — | ​ |  | 76.4 | ​ |  | — | ​ | ​ | 93.3
Total | ​ | $ | 1,478.5 | ​ | $ | 124.3 | ​ | $ | 955.8 | ​ | $ | (26.1) | ​ | $ | 2,532.5
​ ​ 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, 2022 and 2021 (in millions): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2022
​ |  | ​ | ​ | Mexican | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Mexican |  | IMMSA |  | Peruvian |  | Corporate, Other & |  | Total
​ | ​ | Open-pit | ​ | Unit | ​ | Operations | ​ | Eliminations | ​ | Consolidated
Copper | ​ | $ | 1,368.4 | ​ | $ | 22.4 | ​ | $ | 893.9 | ​ | $ | (129.8) | ​ | $ | 2,154.9
Molybdenum | ​ |  | 150.4 | ​ |  | — | ​ |  | 125.4 | ​ |  | — | ​ |  | 275.8
Silver | ​ |  | 66.7 | ​ |  | 37.0 | ​ |  | 23.1 | ​ |  | (21.6) | ​ |  | 105.2
Zinc | ​ |  | — | ​ |  | 98.6 | ​ |  | — | ​ |  | (0.3) | ​ |  | 98.3
Other | ​ |  | 60.7 | ​ |  | 19.5 | ​ |  | 52.4 | ​ |  | (3.0) | ​ |  | 129.6
Total | ​ | $ | 1,646.2 | ​ | $ | 177.5 | ​ | $ | 1,094.8 | ​ | $ | (154.7) | ​ | $ | 2,763.8
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2021
​ |  | ​ | ​ | Mexican | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Mexican |  | IMMSA |  | Peruvian |  | Corporate, Other & |  | Total
​ | ​ | Open-pit | ​ | Unit | ​ | Operations | ​ | Eliminations | ​ | Consolidated
Copper | ​ | $ | 1,280.5 | ​ | $ | 23.8 | ​ | $ | 826.8 | ​ | $ | (13.7) | ​ | $ | 2,117.4
Molybdenum | ​ |  | 91.1 | ​ |  | — | ​ |  | 78.5 | ​ |  | — | ​ |  | 169.6
Zinc | ​ |  | 72.7 | ​ |  | 48.5 | ​ |  | 29.5 | ​ |  | (11.7) | ​ |  | 139.0
Silver | ​ |  | — | ​ |  | 35.2 | ​ |  | — | ​ |  | 0.5 | ​ |  | 35.7
Other | ​ |  | 34.2 | ​ |  | 16.8 | ​ |  | 21.0 | ​ |  | (1.2) | ​ |  | 70.8
Total | ​ | $ | 1,478.5 | ​ | $ | 124.3 | ​ | $ | 955.8 | ​ | $ | (26.1) | ​ | $ | 2,532.5
​
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, 2022: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Trade receivables | ​ | $ | 728.6 | ​ | $ | 60.5 | ​ | $ | 510.3 | ​ | $ | (113.6) | ​ | $ | 1,185.8
Related parties, current | ​ |  | 27.4 | ​ |  | 0.2 | ​ |  | 0.1 | ​ |  | 2.2 | ​ |  | 29.9
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of December 31, 2021: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Trade receivables | ​ | $ | 656.0 | ​ | $ | 51.2 | ​ | $ | 651.5 | ​ | $ | — | ​ | $ | 1,358.7
Related parties, current | ​ |  | 46.9 | ​ |  | 0.2 | ​ |  | — | ​ |  | 2.0 | ​ |  | 49.1
Schedule long term contracts by products | As of March 31, 2022, the Company has long-term contracts with promises to deliver the following products in 2022: ​
​ | ​ | ​
Copper concentrates (in tonnes) |  | 118,000
Copper cathodes (in tonnes) | ​ | 48,000
Molybdenum concentrates (in tonnes) |  | 37,000
Sulfuric acid (in tonnes) |  | 354,851
​
Schedule of provisionally priced copper and molybdenum sales outstanding | Following are the provisionally priced copper and molybdenum sales outstanding at March 31, 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Sales volume |  | Priced at |  | ​
​ | ​ | (million lbs.) | ​ | (per pound) | ​ | Month of settlement
Copper | ​ | 201.9 | ​ | 4.71 | ​ | April 2022 through July 2022
Molybdenum | ​ | 13.9 | ​ | 19.30 | ​ | April 2022 through June 2022

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