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REVENUE: (Tables)

9 Months Ended

Sep. 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 September 30, 2023
					Mexican
		Mexican			IMMSA			Peruvian			Corporate &
		Open-Pit			Unit			Operations			Elimination			Consolidated
The Americas:
Mexico		$	712.6		$	113.1		$	—			(36.6)		$	789.1
United States			257.4			—			144.7						402.1
Peru			—			9.6			113.1			(9.6)			113.1
Brazil			—			9.3			91.0						100.3
Chile			—			—			90.9						90.9
Other American countries			13.1			—			5.7						18.8
Europe:
Switzerland			81.7			8.6			146.7						237.0
Italy			0.5			3.6			95.9						100.0
Spain			106.8			—			18.3						125.1
Other European countries			35.7			5.7			64.9						106.3
Asia:
China			166.7			0.4			25.8						192.9
Singapore			45.3			3.2			64.2						112.7
Japan			15.5			—			74.0						89.5
Other Asian countries			26.9			0.1			0.8						27.8
Total		$	1,462.2		$	153.6		$	936.0		$	(46.2)		$	2,505.6


		Three Months Ended September 30, 2022
					Mexican
		Mexican			IMMSA			Peruvian			Corporate &
		Open-Pit			Unit			Operations			Elimination			Consolidated
The Americas:
Mexico		$	414.7		$	103.8		$	—		$	(30.9)		$	487.6
United States			333.9			11.4			86.4			—			431.7
Peru			(19.7)			—			126.6			11.4			118.3
Brazil			—			16.1			104.5			—			120.6
Chile			10.4			—			91.2			—			101.6
Other American countries			10.8			1.2			7.7			—			19.7
Europe:
Switzerland			123.9			10.9			161.6			—			296.4
Italy			—			6.2			74.3			—			80.5
Spain			90.2			—			(3.0)			—			87.2
Other European countries			49.0			9.6			42.9			—			101.5
Asia:
China			101.9			—			18.1			—			120.0
Singapore			48.1			(0.1)			14.1			—			62.1
Japan			9.2			—			84.6			—			93.8
Other Asian countries			29.1			0.1			6.7			—			35.9
Total		$	1,201.5		$	159.2		$	815.7		$	(19.5)		$	2,156.9


		Nine Months Ended September 30, 2023
					Mexican
		Mexican			IMMSA			Peruvian			Corporate &
		Open-Pit			Unit			Operations			Elimination			Consolidated
The Americas:
Mexico		$	1,902.9		$	368.0		$	—		$	(105.5)		$	2,165.4
United States			851.9			8.6			397.0						1,257.5
Peru			—			17.4			386.5			(17.5)			386.4
Brazil			—			24.7			267.1						291.8
Chile			(8.4)			—			260.5						252.1
Other American countries			33.3			0.6			20.7						54.6
Europe:
Switzerland			393.0			20.6			431.2						844.8
Italy			0.7			13.1			306.3						320.1
Spain			319.3			—			37.8						357.1
Other European countries			109.4			16.5			162.1						288.0
Asia:
China			459.3			1.4			84.4						545.1
Singapore			154.2			3.2			173.4						330.8
Japan			107.6			—			313.3						420.9
Other Asian countries			77.1			0.2			8.3						85.6
Total		$	4,400.3		$	474.3		$	2,848.6		$	(123.0)		$	7,600.2


		Nine Months Ended September 30, 2022
					Mexican
		Mexican			IMMSA			Peruvian			Corporate &
		Open-Pit			Unit			Operations			Elimination			Consolidated
The Americas:
Mexico		$	1,390.8		$	356.8		$	—		$	(114.9)		$	1,632.7
United States			1,237.2			37.8			282.3			—			1,557.3
Peru			158.6			—			459.6			(166.6)			451.6
Brazil			—			25.7			319.3			—			345.0
Chile			10.9			—			276.2			—			287.1
Other American countries			28.5			2.2			22.3			—			53.0
Europe:
Switzerland			450.2			33.8			517.8			—			1,001.8
Italy			1.3			13.9			196.5			—			211.7
Spain			290.5			—			36.8			—			327.3
Other European countries			90.9			24.0			143.1			—			258.0
Asia:
China			308.8			—			18.1			—			326.9
Singapore			53.5			8.4			99.1			—			161.0
Japan			51.8			—			379.6			—			431.4
Other Asian countries			111.7			0.4			70.7			—			182.8
Total		$	4,184.7		$	503.0		$	2,821.4		$	(281.5)		$	7,227.6

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


		Three Months Ended September 30, 2023
					Mexican
		Mexican			IMMSA			Peruvian			Corporate, Other &			Total
		Open-pit			Unit			Operations			Eliminations			Consolidated
Copper		$	1,118.1		$	23.7		$	755.0		$	(22.2)		$	1,874.6
Molybdenum			230.3			—			112.8			—			343.1
Silver			62.4			40.1			23.5			(22.0)			104.0
Zinc			—			69.8			—			0.2			70.0
Other			51.4			20.0			44.7			(2.2)			113.9
Total		$	1,462.2		$	153.6		$	936.0		$	(46.2)		$	2,505.6


		Three Months Ended September 30, 2022
					Mexican
		Mexican			IMMSA			Peruvian			Corporate, Other &			Total
		Open-pit			Unit			Operations			Eliminations			Consolidated
Copper		$	950.4		$	11.9		$	650.8		$	(3.1)		$	1,610.0
Molybdenum			131.9			—			80.7			—			212.6
Silver			53.8			28.0			20.0			(14.2)			87.6
Zinc			—			100.9			—			0.1			101.0
Other			65.4			18.4			64.2			(2.3)			145.7
Total		$	1,201.5		$	159.2		$	815.7		$	(19.5)		$	2,156.9


		Nine Months Ended September 30, 2023
					Mexican
		Mexican			IMMSA			Peruvian			Corporate, Other &			Total
		Open-pit			Unit			Operations			Eliminations			Consolidated
Copper		$	3,501.4		$	65.1		$	2,294.9		$	(56.5)		$	5,804.9
Molybdenum			561.5			—			337.6						899.1
Silver			181.9			121.1			74.2			(59.4)			317.8
Zinc			—			224.6			—			0.5			225.1
Other			155.5			63.5			141.9			(7.6)			353.3
Total		$	4,400.3		$	474.3		$	2,848.6		$	(123.0)		$	7,600.2


		Nine Months Ended September 30, 2022
					Mexican
		Mexican			IMMSA			Peruvian			Corporate, Other &			Total
		Open-pit			Unit			Operations			Eliminations			Consolidated
Copper		$	3,432.8		$	62.3		$	2,282.6		$	(215.0)		$	5,562.7
Molybdenum			388.1			—			298.5			—			686.6
Silver			178.6			101.8			68.4			(56.6)			292.2
Zinc			—			281.5			—			(0.9)			280.6
Other			185.2			57.4			171.9			(9.0)			405.5
Total		$	4,184.7		$	503.0		$	2,821.4		$	(281.5)		$	7,227.6

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 September 30, 2023:
Trade receivables		$	684.3		$	49.0		$	397.7		$	—		$	1,131.0
Related parties, current			24.2			4.1			0.5			(4.2)			24.6

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)		19,290
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		207.9		3.74		October 2023 through February 2024
Molybdenum		15.8		22.50		October 2023 through January 2024