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SUBSEQUENT EVENTS:
6 Months Ended
Jun. 30, 2024
SUBSEQUENT EVENTS:  
SUBSEQUENT EVENTS:

NOTE 14 SUBSEQUENT EVENTS:

On July 1, 2024, Southern Peru Copper Corporation announced that it will restart construction of the Tia Maria project. The decision to restart construction follows discussions with the Peruvian government regarding the best course of action for the project based on the social and political conditions in the province of Islay, in the region, and at the national level.

Dividends:

On July 18, 2024, the Board of Directors authorized a quarterly cash dividend of $0.60 per share of common stock and a stock dividend of 0.0056 shares of common stock per share of common stock, payable on August 26, 2024 for shareholders of record at the close of business on August 9, 2024.

In lieu of fractional shares, cash will be distributed to each shareholder who would otherwise have been entitled to receive a fractional share, based on a share price of $106.54, which is the average of the high and low share price on July 18, 2024.

Shareholders will not be required to take any action to receive the stock dividend. After the payment date, shareholders' book entry accounts will be credited with the additional shares that represent the stock dividend. When shares are held in a brokerage account in the name of a broker, the additional shares will be distributed to the broker on the shareholder's behalf. The stock dividend is administered by Computershare, the Company's transfer agent.