XML 45 R33.htm IDEA: XBRL DOCUMENT v3.23.1

STOCKHOLDERS' EQUITY: (Tables)

3 Months Ended

Mar. 31, 2023

Share based Compensation Plan

Schedule of activity in treasury stock

​

Activity in treasury stock in the three-month period ended March 31, 2023 and 2022 is as follows (in millions):

​

​	​	​	​	​	​	​
​		2023			2022
Southern Copper common shares	​	​	​	​	​	​
Balance as of January 1,	​	$	2,766.9	​	$	2,767.2
Used for corporate purposes	​		(0.1)	​		(0.1)
Balance as of March 31,	​		2,766.8	​		2,767.1
​	​	​	​	​	​	​
Parent Company (Grupo Mexico) common shares	​	​	​	​	​	​
Balance as of January 1,	​		340.7	​		306.8
Other activity, including dividend, interest and foreign currency translation effect	​		7.6	​		13.8
Balance as of March 31,	​		348.3	​		320.6
Treasury stock balance as of March 31,	​	$	3,115.1	​	$	3,087.7

​

Schedule of activity in Directors' Stock Award Plan

​

​	​	​	​	​
​		2023		2022
Total SCC shares reserved for the plan		600,000		600,000
Total shares granted at January 1,		(416,800)		(405,200)
Granted in the period		(3,200)		(3,200)
Total shares granted at March 31,		(420,000)		(408,400)
Remaining shares reserved		180,000		191,600

​

Summary of non-controlling interest activity

The following table presents the non-controlling interest activity for the three months ended March 31, 2023 and 2022 (in millions):

​	​	​	​	​	​	​
​		2023			2022
Balance as of January 1,		$	62.7		$	58.6
Net earnings	​		2.7	​		3.1
Dividend paid	​		(1.8)	​		(1.8)
Balance as of March 31,		$	63.6		$	59.9

Employee Stock Purchase 2015 Plan

Share based Compensation Plan

Schedule of stock award activity

​

​	​	​	​	​	​
​		​		Unit Weighted Average
​	​	Shares	​	Grant Date Fair Value
Outstanding shares at January 1, 2023		845,895	​	$	2.63
Granted		—	​		—
Exercised		(572,136)	​	$	2.63
Forfeited		—	​		—
Outstanding shares at March 31, 2023		273,759	​	$	2.63
Outstanding shares at January 1, 2022		867,234	​	$	2.63
Granted		—	​		—
Exercised		(16,394)	​	$	2.63
Forfeited		—	​		—
Outstanding shares at March 31, 2022		850,840	​	$	2.63

​

Schedule of stock based compensation expense and unrecognized compensation expense

​

​	​	​	​	​	​	​
​		2023			2022
Stock based compensation expense	​	$	0.2	​	$	0.2
Unrecognized compensation expense	​	$	—	​	$	0.6

​

Employee Stock Purchase 2018 Plan

Share based Compensation Plan

Schedule of stock award activity

​

​	​	​	​	​
​	​	​	​	Unit Weighted Average
​		Shares		Grant Date Fair Value
Outstanding shares at January 1, 2023		2,754,506	$	1.86
Granted		—	$	—
Exercised		(624,026)		1.86
Forfeited		—	​	—
Outstanding shares at March 31, 2023		2,130,480	$	1.86
Outstanding shares at January 1, 2022	​	3,173,924	$	1.86
Granted	​	—	​	—
Exercised	​	(115,903)	​	—
Forfeited	​	—	​	—
Outstanding shares at March 31, 2022		3,058,021	$	1.86

​

Schedule of stock based compensation expense and unrecognized compensation expense

The stock based compensation expense for the three months ended September 30, 2023 and 2022 and the unrecognized compensation expense under this plan were as follows (in millions):

​

​	​	​	​	​	​	​
​		2023		​	2022
Stock based compensation expense	​	$	0.2		$	0.2
Unrecognized compensation expense	​	$	2.2		$	2.9

​

X

- Definition

Tabular disclosure of the noncontrolling interest in consolidated subsidiaries.

+ References

No definition available.

+ Details

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

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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&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 https://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 https://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 https://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 https://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: