XML 46 R33.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

REVENUE: (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
REVENUE: |
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 March 31, 2024
​ | ​ | ​ | ​ | Mexican | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Mexican | ​ | IMMSA | ​ | Peruvian | ​ | Corporate & | ​ | ​ | ​
​ |  | Open-Pit |  | Unit |  | Operations |  | Elimination |  | Consolidated
The Americas: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mexico | ​ | $ | 591.3 | ​ | $ | 106.2 | ​ | $ | 7.9 | ​ | $ | (33.0) | ​ | $ | 672.3
United States | ​ |  | 272.2 | ​ |  | 1.7 | ​ |  | 38.7 | ​ |  | ​ | ​ |  | 312.6
Peru | ​ |  | — | ​ |  | 8.4 | ​ |  | 165.9 | ​ |  | (8.3) | ​ |  | 166.1
Brazil | ​ |  | — | ​ |  | 9.0 | ​ |  | 116.0 | ​ |  | ​ | ​ |  | 124.9
Chile | ​ |  | — | ​ |  | — | ​ |  | 94.4 | ​ |  | ​ | ​ |  | 94.4
Other American countries | ​ |  | 7.2 | ​ |  | — | ​ |  | 4.1 | ​ |  | ​ | ​ |  | 11.3
Europe: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Switzerland | ​ |  | 161.8 | ​ |  | 15.3 | ​ |  | 52.0 | ​ |  | ​ | ​ |  | 229.0
Italy | ​ |  | (*) | ​ |  | 6.0 | ​ |  | 75.3 | ​ |  | ​ | ​ |  | 81.3
Spain | ​ |  | 110.3 | ​ |  | — | ​ |  | 19.8 | ​ |  | ​ | ​ |  | 130.1
Other European countries | ​ |  | 58.6 | ​ |  | 1.4 | ​ |  | 106.9 | ​ |  | ​ | ​ |  | 166.8
Asia: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
China | ​ | ​ | 175.6 | ​ | ​ | 1.1 | ​ | ​ | 109.7 | ​ | ​ | ​ | ​ | ​ | 286.4
Singapore | ​ |  | 17.7 | ​ |  | (2.6) | ​ |  | 42.3 | ​ |  | ​ | ​ |  | 57.3
Japan | ​ |  | 54.0 | ​ |  | — | ​ |  | 190.9 | ​ |  | ​ | ​ |  | 245.0
Other Asian countries | ​ |  | 17.4 | ​ |  | — | ​ |  | 4.7 | ​ | ​ | ​ | ​ |  | 22.1
Total | ​ | $ | 1,466.0 | ​ | $ | 146.4 | ​ | $ | 1,028.7 | ​ | $ | (41.3) | ​ | $ | 2,599.8
(*) Less than $0.1 million. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2023
​ | ​ | ​ | ​ | ​ | Mexican | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Mexican | ​ | IMMSA | ​ | Peruvian | ​ | Corporate & | ​ | ​ | ​
​ |  | Open-Pit |  | Unit |  | Operations |  | Elimination |  | Consolidated
The Americas: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mexico | ​ | $ | 660.9 | ​ | $ | 137.0 | ​ | $ | — | ​ | $ | (36.5) | ​ | $ | 761.4
United States | ​ |  | 356.7 | ​ |  | 7.4 | ​ |  | 148.3 | ​ |  | ​ | ​ |  | 512.4
Peru | ​ |  | — | ​ |  | 1.8 | ​ |  | 164.4 | ​ |  | (1.7) | ​ |  | 164.5
Brazil | ​ |  | — | ​ |  | 10.9 | ​ |  | 97.2 | ​ |  | ​ | ​ |  | 108.1
Chile | ​ |  | (5.2) | ​ |  | — | ​ |  | 105.9 | ​ |  | ​ | ​ |  | 100.7
Other American countries | ​ |  | 9.5 | ​ |  | — | ​ |  | 6.2 | ​ |  | ​ | ​ |  | 15.7
Europe: | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Switzerland | ​ | ​ | 136.8 | ​ |  | 8.6 | ​ |  | 103.5 | ​ |  | ​ | ​ |  | 248.9
Italy | ​ | ​ | (0.2) | ​ |  | 6.4 | ​ |  | 117.1 | ​ |  | ​ | ​ |  | 123.3
Spain | ​ | ​ | 123.9 | ​ |  | — | ​ |  | — | ​ |  | ​ | ​ |  | 123.9
Other European countries | ​ | ​ | 59.6 | ​ |  | 7.3 | ​ |  | 53.3 | ​ |  | ​ | ​ |  | 120.2
Asia: | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
China | ​ | ​ | 153.3 | ​ | ​ | — | ​ | ​ | 29.7 | ​ | ​ | ​ | ​ | ​ | 183.0
Singapore | ​ | ​ | 44.2 | ​ |  | — | ​ |  | 57.3 | ​ |  | ​ | ​ |  | 101.5
Japan | ​ | ​ | 61.9 | ​ |  | — | ​ |  | 137.6 | ​ |  | ​ | ​ |  | 199.5
Other Asian countries | ​ | ​ | 25.5 | ​ |  | 0.1 | ​ |  | 5.2 | ​ | ​ | ​ | ​ |  | 30.8
Total | ​ | $ | 1,626.9 | ​ | $ | 179.5 | ​ | $ | 1,025.7 | ​ | $ | (38.2) | ​ | $ | 2,793.9
​ The following table presents information regarding the sales value by reporting segment of the Company’s significant products for the three-month period ended March 31, 2024 and 2023 (in millions): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2024
​ |  | ​ | ​ | Mexican | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Mexican |  | IMMSA |  | Peruvian |  | Corporate, Other & |  | Total
​ | ​ | Open-pit | ​ | Unit | ​ | Operations | ​ | Eliminations | ​ | Consolidated
Copper | ​ | $ | 1,206.2 | ​ | $ | 27.5 | ​ | $ | 829.0 | ​ | $ | (19.0) | ​ | $ | 2,043.7
Molybdenum | ​ |  | 144.6 | ​ |  | — | ​ |  | 129.0 | ​ |  | — | ​ |  | 273.6
Silver | ​ |  | 66.7 | ​ |  | 35.5 | ​ |  | 31.1 | ​ |  | (21.7) | ​ |  | 111.6
Zinc | ​ |  | 4.3 | ​ |  | 65.2 | ​ |  | — | ​ |  | 0.6 | ​ |  | 70.1
Other | ​ |  | 44.2 | ​ |  | 18.2 | ​ |  | 39.6 | ​ |  | (1.2) | ​ |  | 100.8
Total | ​ | $ | 1,466.0 | ​ | $ | 146.4 | ​ | $ | 1,028.7 | ​ | $ | (41.3) | ​ | $ | 2,599.8
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2023
​ |  | ​ | ​ | Mexican | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Mexican |  | IMMSA |  | Peruvian |  | Corporate, Other & |  | Total
​ | ​ | Open-pit | ​ | Unit | ​ | Operations | ​ | Eliminations | ​ | Consolidated
Copper | ​ | $ | 1,340.6 | ​ | $ | 19.5 | ​ | $ | 804.9 | ​ | $ | (17.1) | ​ | $ | 2,147.9
Molybdenum | ​ |  | 160.7 | ​ |  | — | ​ |  | 140.9 | ​ |  | — | ​ |  | 301.6
Silver | ​ |  | 65.3 | ​ |  | 42.8 | ​ |  | 25.5 | ​ |  | (18.5) | ​ |  | 115.1
Zinc | ​ |  | — | ​ |  | 91.5 | ​ |  | — | ​ |  | 0.6 | ​ |  | 92.1
Other | ​ |  | 60.3 | ​ |  | 25.7 | ​ |  | 54.4 | ​ |  | (3.2) | ​ |  | 137.2
Total | ​ | $ | 1,626.9 | ​ | $ | 179.5 | ​ | $ | 1,025.7 | ​ | $ | (38.2) | ​ | $ | 2,793.9
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, 2024: |  | ​ |  |  | ​ | ​ |  | ​ |  |  | ​ |  |  | ​ |
Trade receivables | ​ | $ | 708.1 | ​ | $ | 47.7 | ​ | $ | 538.1 | ​ | $ | — | ​ | $ | 1,293.9
Related parties, current | ​ |  | 20.8 | ​ |  | 2.2 | ​ |  | 0.2 | ​ |  | — | ​ |  | 23.2
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of December 31, 2023: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Trade receivables | ​ | $ | 556.3 | ​ | $ | 49.1 | ​ | $ | 535.7 | ​ | $ | — | ​ | $ | 1,141.1
Related parties, current | ​ |  | 25.7 | ​ |  | 0.9 | ​ |  | 0.8 | ​ |  | (0.1) | ​ |  | 27.3
Schedule long term contracts by products | ​
​ | ​ | ​
Copper concentrates (in tonnes) |  | 180,000
Copper cathodes (in tonnes) | ​ | 48,000
Molybdenum concentrates (in tonnes) |  | 18,970
Sulfuric acid (in tonnes) |  | 346,276
Schedule of provisionally priced copper and molybdenum sales outstanding | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Sales volume |  | Priced at |  | ​
​ | ​ | (million lbs.) | ​ | (per pound) | ​ | Month of settlement
Copper | ​ | 211.4 | ​ | 4.01 | ​ | April 2024 through August 2024
Molybdenum | ​ | 16.2 | ​ | 19.70 | ​ | April 2024 through July 2024

X
- Definition Represents information on long term contracts. + References No definition available. + Details
Name: | scco_LongTermContractsTableTextBloc
Namespace Prefix: | scco_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular presentation of the amount of sales which are recorded at an average forward price, provisionally, pending the final prices in the future month of settlement. + References No definition available. + Details
Name: | scco_ScheduleOfProvisionallyPricedSalesTableTextBlock
Namespace Prefix: | scco_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of opening and closing balances of receivables by reporting segment. + References No definition available. + Details
Name: | scco_ScheduleOpeningAndClosingBalancesAccountReceivableBySegmentTableTextBlock
Namespace Prefix: | scco_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration