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REVENUE: (Tables)

6 Months Ended

Jun. 30, 2023

Summary of company's sales by geographic wise and segment wise

The geographic breakdown of the Company’s sales is as follows (in millions):


		Three Months Ended June 30, 2023
					Mexican
		Mexican			IMMSA			Peruvian			Corporate &
		Open-Pit			Unit			Operations			Elimination			Consolidated
The Americas:
Mexico		$	529.5		$	117.9		$	—		$	(32.4)		$	615.0
United States			237.8			1.3			104.1			—			343.2
Peru			—			6.1			109.0			(6.2)			108.9
Brazil			—			4.4			78.9			—			83.3
Chile			(3.2)			—			63.7			—			60.5
Other American countries			10.7			0.5			8.8			—			20.0
Europe:
Switzerland			174.5			3.4			181.0			—			358.9
Italy			0.4			3.1			93.3			—			96.8
Spain			88.6			—			19.4			—			108.0
Other European countries			14.1			3.4			43.9			—			61.4
Asia:
China			139.3			1.0			28.9			—			169.2
Singapore			64.7			—			51.9			—			116.6
Japan			30.1			—			101.7			—			131.8
Other Asian countries			24.7			0.1			2.3			—			27.1
Total		$	1,311.2		$	141.2		$	886.9		$	(38.6)		$	2,300.7


		Three Months Ended June 30, 2022
					Mexican
		Mexican			IMMSA			Peruvian			Corporate &
		Open-Pit			Unit			Operations			Elimination			Consolidated
The Americas:
Mexico		$	442.2		$	122.4		$	—		$	(44.0)		$	520.6
United States			447.7			10.7			105.2			—			563.6
Peru			63.3			—			155.5			(63.3)			155.5
Brazil			—			4.5			95.8			—			100.3
Chile			0.6			—			81.5			—			82.1
Other American countries			11.2			0.7			9.3			—			21.2
Europe:
Switzerland			98.8			14.5			165.1			—			278.4
Italy			0.8			3.8			54.7			—			59.3
Spain			107.1			—			38.0			—			145.1
Other European countries			11.1			6.0			14.0			—			31.1
Asia:
China			94.5			—			—			—			94.5
Singapore			0.7			3.6			32.8			—			37.1
Japan			20.6			—			133.5			—			154.1
Other Asian countries			38.4			0.1			25.5			—			64.0
Total		$	1,337.0		$	166.3		$	910.9		$	(107.3)		$	2,306.9


		Six Months Ended June 30, 2023
					Mexican
		Mexican			IMMSA			Peruvian			Corporate &
		Open-Pit			Unit			Operations			Elimination			Consolidated
The Americas:
Mexico		$	1,190.4		$	254.9		$	—		$	(68.9)		$	1,376.4
United States			594.5			8.6			252.4			—			855.5
Peru			-			7.8			273.4			(8)			273.3
Brazil			-			15.3			176.1			—			191.4
Chile			(8.4)			—			169.7			—			161.3
Other American countries			20.2			0.6			15.0			—			35.8
Europe:
Switzerland			311.3			12.0			284.5			—			607.8
Italy			0.2			9.5			210.4			—			220.1
Spain			212.5			—			19.4			—			231.9
Other European countries			73.7			10.8			97.2			—			181.7
Asia:
China			292.6			1.0			58.6			—			352.2
Singapore			108.8			—			109.2			—			218.0
Japan			92.0			—			239.3			—			331.3
Other Asian countries			50.3			0.2			7.4			—			57.9
Total		$	2,938.1		$	320.7		$	1,912.6		$	(76.8)		$	5,094.6


		Six Months Ended June 30, 2022
					Mexican
		Mexican			IMMSA			Peruvian			Corporate &
		Open-Pit			Unit			Operations			Elimination			Consolidated
The Americas:
Mexico		$	976.0		$	253.2		$	—		$	(84.0)		$	1,145.2
United States			903.3			26.4			196.0			—			1,125.7
Peru			178.4			—			333.0			(178)			333.4
Brazil			-			9.6			214.8			—			224.4
Chile			0.6			—			185.0			—			185.6
Other American countries			17.7			0.7			14.7			—			33.1
Europe:
Switzerland			326.2			22.9			356.2			—			705.3
Italy			1.3			7.8			122.2			—			131.3
Spain			200.3			—			39.7			—			240.0
Other European countries			41.9			14.4			100.1			—			156.4
Asia:
China			206.9			—			—			—			206.9
Singapore			5.4			8.5			85.0			—			98.9
Japan			42.6			—			295.0			—			337.6
Other Asian countries			82.6			0.3			64.0			—			146.9
Total		$	2,983.2		$	343.8		$	2,005.7		$	(262.0)		$	5,070.7

The following table presents information regarding the sales value by reporting segment of the Company’s significant products for the three and six months ended June 30, 2023 and 2022 (in millions):


		Three Months Ended June 30, 2023
					Mexican
		Mexican			IMMSA			Peruvian			Corporate, Other &			Total
		Open-pit			Unit			Operations			Eliminations			Consolidated
Copper		$	1,042.7		$	21.9		$	735.0		$	(17.1)		$	1,782.5
Molybdenum			170.5			—			83.9			—			254.4
Silver			54.2			38.2			25.2			(18.9)			98.7
Zinc			—			63.3			—			(0.3)			63.0
Other			43.8			17.8			42.8			(2.3)			102.1
Total		$	1,311.2		$	141.2		$	886.9		$	(38.6)		$	2,300.7


		Three Months Ended June 30, 2022
					Mexican
		Mexican			IMMSA			Peruvian			Corporate, Other &			Total
		Open-pit			Unit			Operations			Eliminations			Consolidated
Copper		$	1,114.0		$	28.0		$	737.9		$	(82.1)		$	1,797.8
Molybdenum			105.8			—			92.4			—			198.2
Zinc			58.1			36.8			25.3			(20.8)			99.4
Silver			—			82.0			—			(0.7)			81.3
Other			59.1			19.5			55.3			(3.7)			130.2
Total		$	1,337.0		$	166.3		$	910.9		$	(107.3)		$	2,306.9


		Six Months Ended June 30, 2023
					Mexican
		Mexican			IMMSA			Peruvian			Corporate, Other &			Total
		Open-pit			Unit			Operations			Eliminations			Consolidated
Copper		$	2,383.3		$	41.4		$	1,539.9		$	(34.3)		$	3,930.3
Molybdenum			331.2			—			224.8			—			556.0
Silver			119.5			81.0			50.7			(37.4)			213.8
Zinc			—			154.8			—			0.3			155.1
Other			104.1			43.5			97.2			(5.4)			239.4
Total		$	2,938.1		$	320.7		$	1,912.6		$	(76.8)		$	5,094.6


		Six Months Ended June 30, 2022
					Mexican
		Mexican			IMMSA			Peruvian			Corporate, Other &			Total
		Open-pit			Unit			Operations			Eliminations			Consolidated
Copper		$	2,482.4		$	50.4		$	1,631.8		$	(211.9)		$	3,952.7
Molybdenum			256.2			—			217.8			—			474.0
Zinc			124.8			73.8			48.4			(42.4)			204.6
Silver			—			180.6			—			(1.0)			179.6
Other			119.8			39.0			107.7			(6.7)			259.8
Total		$	2,983.2		$	343.8		$	2,005.7		$	(262.0)		$	5,070.7

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 June 30, 2023:
Trade receivables		$	642.6		$	42.5		$	382.8		$	—		$	1,067.9
Related parties, current			20.3			3.6			0.4			(2.9)			21.4

As of December 31, 2022:
Trade receivables		$	788.1		$	60.0		$	546.0		$	—		$	1,394.1
Related parties, current			31.1			0.1			0.1			2.0			33.3

Schedule long term contracts by products


Copper concentrates (in tonnes)		145,000
Copper cathodes (in tonnes)		48,000
Molybdenum concentrates (in tonnes)		18,020
Sulfuric acid (in tonnes)		413,672

Schedule of provisionally priced copper and molybdenum sales outstanding


		Sales volume		Priced at
		(million lbs.)		(per pound)		Month of settlement
Copper		243.4		3.76		July 2023 through October 2023
Molybdenum		15.8		21.83		July 2023 through October 2023