XML 48 R36.htm IDEA: XBRL DOCUMENT

REVENUE: (Tables)

3 Months Ended

Mar. 31, 2022

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