$SCCO
SOUTHERN COPPER CORP/

2012 Q4 Form 10-Q Financial Statement

#000110465912071128 Filed on October 25, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $1.651B $1.552B $1.746B
YoY Change -1.09% -11.08% 38.79%
Cost Of Revenue $708.6M $670.9M $677.3M
YoY Change 8.5% -0.94% 22.96%
Gross Profit $853.4M $800.2M $996.1M
YoY Change -9.62% -19.67% 40.87%
Gross Profit Margin 51.69% 51.55% 57.05%
Selling, General & Admin $26.70M $23.76M $24.38M
YoY Change -5.99% -2.54% 5.52%
% of Gross Profit 3.13% 2.97% 2.45%
Research & Development $14.10M $12.50M $9.700M
YoY Change 12.8% 28.87% 8.99%
% of Gross Profit 1.65% 1.56% 0.97%
Depreciation & Amortization $89.00M $81.28M $72.51M
YoY Change 23.44% 12.11% 41.61%
% of Gross Profit 10.43% 10.16% 7.28%
Operating Expenses $129.9M $23.76M $24.38M
YoY Change 14.96% -2.54% -76.61%
Operating Profit $812.6M $447.8M $962.1M
YoY Change -9.9% -53.46% 59.58%
Interest Expense -$49.60M -$21.40M -$43.20M
YoY Change 17.54% -50.46% -9.62%
% of Operating Profit -6.1% -4.78% -4.49%
Other Income/Expense, Net -$8.000M $3.527M -$1.374M
YoY Change 110.53% -356.7% -85.07%
Pretax Income $755.1M $425.5M $917.6M
YoY Change -11.25% -53.63% 68.08%
Income Tax $232.3M $219.8M $252.5M
% Of Pretax Income 30.76% 51.66% 27.52%
Net Earnings $533.2M $219.3M $665.1M
YoY Change -1.09% -67.03% 82.12%
Net Earnings / Revenue 32.29% 14.13% 38.09%
Basic Earnings Per Share
Diluted Earnings Per Share $629.0K $256.8K $777.4K
COMMON SHARES
Basic Shares Outstanding 845.6M shares 848.4M shares 852.3M shares
Diluted Shares Outstanding 848.4M shares 852.3M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.594B $1.538B $1.779B
YoY Change 89.34% -13.55% -22.52%
Cash & Equivalents $2.459B $1.158B $1.243B
Short-Term Investments $134.0M $380.0M $536.0M
Other Short-Term Assets $156.3M $153.1M $121.0M
YoY Change 46.24% 26.51% 23.47%
Inventory $696.1M $646.4M $624.0M
Prepaid Expenses
Receivables $669.3M $529.8M $571.0M
Other Receivables $83.00M $2.339B $237.0M
Total Short-Term Assets $4.301B $5.290B $3.331B
YoY Change 39.41% 58.8% 2.08%
LONG-TERM ASSETS
Property, Plant & Equipment $5.157B $4.856B $4.220B
YoY Change 16.41% 15.08% 4.37%
Goodwill $17.00M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $47.05M
YoY Change
Other Assets $130.0M $199.8M $347.0M
YoY Change -20.2% -42.42% 82.63%
Total Long-Term Assets $6.082B $5.552B $4.669B
YoY Change 22.2% 18.93% 7.37%
TOTAL ASSETS
Total Short-Term Assets $4.301B $5.290B $3.331B
Total Long-Term Assets $6.082B $5.552B $4.669B
Total Assets $10.38B $10.84B $8.000B
YoY Change 28.79% 35.53% 5.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $475.6M $427.5M $344.0M
YoY Change 7.32% 24.27% 56.36%
Accrued Expenses $359.0M $627.0M $294.0M
YoY Change 13.25% 113.27% 10.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $10.00M $10.00M $10.00M
YoY Change 0.0% 0.0% 0.0%
Total Short-Term Liabilities $857.1M $1.104B $796.0M
YoY Change -13.67% 38.68% 17.58%
LONG-TERM LIABILITIES
Long-Term Debt $4.204B $2.731B $2.741B
YoY Change 53.67% -0.36% -0.51%
Other Long-Term Liabilities $59.07M $54.44M $213.0M
YoY Change 35.27% -74.44% 16.39%
Total Long-Term Liabilities $4.738B $3.137B $2.954B
YoY Change 56.17% 6.19% 0.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $857.1M $1.104B $796.0M
Total Long-Term Liabilities $4.738B $3.137B $2.954B
Total Liabilities $5.595B $4.241B $3.890B
YoY Change 38.95% 9.02% 4.15%
SHAREHOLDERS EQUITY
Retained Earnings $2.350B $4.144B
YoY Change -38.99%
Common Stock $3.330B $3.328B
YoY Change 217.66%
Preferred Stock
YoY Change
Treasury Stock (at cost) $918.8M $902.6M $883.7M
YoY Change 2.33% 2.14%
Treasury Stock Shares
Shareholders Equity $4.765B $6.577B $4.109B
YoY Change
Total Liabilities & Shareholders Equity $10.38B $10.84B $8.000B
YoY Change 28.79% 35.52% 5.11%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $533.2M $219.3M $665.1M
YoY Change -1.09% -67.03% 82.12%
Depreciation, Depletion And Amortization $89.00M $81.28M $72.51M
YoY Change 23.44% 12.11% 41.61%
Cash From Operating Activities $206.8M $699.7M $878.0M
YoY Change -57.28% -20.31% 64.45%
INVESTING ACTIVITIES
Capital Expenditures -$386.0M $258.2M $153.4M
YoY Change 39.91% 68.34% -235.87%
Acquisitions
YoY Change
Other Investing Activities $255.1M -$93.00K $9.741M
YoY Change 7188.57% -100.95% -226.51%
Cash From Investing Activities -$130.9M -$301.7M -$480.5M
YoY Change -51.93% -37.21% 298.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $99.19M $110.3M
YoY Change -10.07%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.231B -303.2M -632.8M
YoY Change -301.51% -52.09% 99.81%
NET CHANGE
Cash From Operating Activities 206.8M 699.7M 878.0M
Cash From Investing Activities -130.9M -301.7M -480.5M
Cash From Financing Activities 1.231B -303.2M -632.8M
Net Change In Cash 1.307B 94.80M -235.3M
YoY Change -427.49% -140.29% -343.58%
FREE CASH FLOW
Cash From Operating Activities $206.8M $699.7M $878.0M
Capital Expenditures -$386.0M $258.2M $153.4M
Free Cash Flow $592.8M $441.5M $724.6M
YoY Change -22.0% -39.07% 12.03%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Investment Income Interest
InvestmentIncomeInterest
9859000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
968000 USD
us-gaap Costs And Expenses
CostsAndExpenses
2721898000 USD
CY2011Q3 us-gaap Costs And Expenses
CostsAndExpenses
783815000 USD
CY2011Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
24376000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
74551000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
74692000 USD
CY2012Q3 us-gaap Profit Loss
ProfitLoss
219261000 USD
CY2011Q3 us-gaap Profit Loss
ProfitLoss
665060000 USD
us-gaap Profit Loss
ProfitLoss
1408159000 USD
us-gaap Profit Loss
ProfitLoss
1805326000 USD
CY2012Q3 us-gaap Exploration Expense Mining
ExplorationExpenseMining
12470000 USD
CY2011Q3 us-gaap Exploration Expense Mining
ExplorationExpenseMining
9675000 USD
us-gaap Exploration Expense Mining
ExplorationExpenseMining
33795000 USD
us-gaap Exploration Expense Mining
ExplorationExpenseMining
25040000 USD
CY2012Q3 us-gaap Costs And Expenses
CostsAndExpenses
1104605000 USD
CY2012Q3 us-gaap Revenue Mineral Sales
RevenueMineralSales
1552379000 USD
CY2011Q3 us-gaap Revenue Mineral Sales
RevenueMineralSales
1745906000 USD
us-gaap Revenue Mineral Sales
RevenueMineralSales
5018191000 USD
us-gaap Revenue Mineral Sales
RevenueMineralSales
5149423000 USD
CY2012Q3 us-gaap Cost Of Revenue
CostOfRevenue
670861000 USD
CY2011Q3 us-gaap Cost Of Revenue
CostOfRevenue
677258000 USD
us-gaap Cost Of Revenue
CostOfRevenue
2060664000 USD
us-gaap Cost Of Revenue
CostOfRevenue
2110095000 USD
CY2012Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
23758000 USD
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
219802000 USD
CY2011Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
252507000 USD
CY2012Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4856167000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
144367000 USD
CY2012Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
-18827000 USD
CY2011Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
-1742000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
-24889000 USD
us-gaap Costs And Expenses
CostsAndExpenses
2425875000 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
2600000 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
447774000 USD
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
962091000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
2296293000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
2723548000 USD
CY2012Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
48458000 USD
CY2011Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
48506000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
143042000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
848544000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
792523000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
-4035000 USD
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
9918000 USD
CY2012Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
81283000 USD
CY2012Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-908000 USD
CY2012Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
3828000 USD
CY2011Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
3614000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
11238000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
425498000 USD
CY2011Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
917567000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2218464000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2597849000 USD
CY2012Q3 scco Income Loss From Continuing Operations After Income Taxes And Before Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsAfterIncomeTaxesAndBeforeIncomeLossFromEquityMethodInvestments
205696000 USD
CY2011Q3 scco Income Loss From Continuing Operations After Income Taxes And Before Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsAfterIncomeTaxesAndBeforeIncomeLossFromEquityMethodInvestments
665060000 USD
scco Income Loss From Continuing Operations After Income Taxes And Before Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsAfterIncomeTaxesAndBeforeIncomeLossFromEquityMethodInvestments
1369920000 USD
scco Income Loss From Continuing Operations After Income Taxes And Before Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsAfterIncomeTaxesAndBeforeIncomeLossFromEquityMethodInvestments
1805326000 USD
CY2012Q3 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
13565000 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
38239000 USD
CY2011Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
72506000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
100400000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
70200000 USD
CY2012Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1395000 USD
CY2011Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2021000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5316000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5874000 USD
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
217866000 USD
CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
663039000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1402843000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1799452000 USD
CY2012Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.26
CY2011Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.78
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.65
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
2.10
CY2012Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.24
CY2011Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.61
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.31
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
236655000 USD
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.74
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
848419000 shares
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
852250000 shares
CY2012Q3 us-gaap Revenues
Revenues
1552400000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
849283000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
856222000 shares
CY2012Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-25800000 USD
CY2012Q3 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
258200000 USD
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
848419000 shares
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
852250000 shares
scco Asset Retirement Obligation Annual Guarantees
AssetRetirementObligationAnnualGuarantees
2600000 USD
scco Asset Retirement Obligation Annual Installment Period
AssetRetirementObligationAnnualInstallmentPeriod
34
CY2012Q3 us-gaap Property Plant And Equipment Fair Value Disclosure
PropertyPlantAndEquipmentFairValueDisclosure
17000000 USD
scco Asset Retirement Obligation Units Number
AssetRetirementObligationUnitsNumber
3 unit
CY2011Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
62000000 USD
CY2010Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
59100000 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
2500000 USD
CY2012Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
64600000 USD
CY2011Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
61600000 USD
CY2012Q3 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
10100000 USD
CY2012Q3 us-gaap Environmental Cost Recognized Capitalized In Period
EnvironmentalCostRecognizedCapitalizedInPeriod
16800000 USD
CY2011Q3 us-gaap Environmental Cost Recognized Capitalized In Period
EnvironmentalCostRecognizedCapitalizedInPeriod
9400000 USD
CY1997Q4 scco Power Purchase Agreement Term
PowerPurchaseAgreementTerm
20
scco Number Of Reportable Segment
NumberOfReportableSegment
3 segment
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
849283000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
856222000 shares
CY2012Q3 us-gaap Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
900000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
216048000 USD
us-gaap Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
2500000 USD
CY2012Q3 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-2654000 USD
CY2011Q3 scco Other Comprehensive Income Unrealized Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedLossOnDerivativesArisingDuringPeriodNetOfTax
49172000 USD
CY2011Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
41375000 USD
CY2011Q3 us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
12684000 USD
CY2011Q3 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease
77863000 USD
scco Other Comprehensive Income Unrealized Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedLossOnDerivativesArisingDuringPeriodNetOfTax
-5447000 USD
scco Other Comprehensive Income Unrealized Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedLossOnDerivativesArisingDuringPeriodNetOfTax
111000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
41375000 USD
us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
-14528000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease
166903000 USD
CY2012Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
219261000 USD
CY2011Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
742923000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1402712000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1972229000 USD
CY2012Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1395000 USD
CY2011Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
2346000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
5338000 USD
scco Inventory Ore Stockpiles On Leach Pads Capitalized Costs
InventoryOreStockpilesOnLeachPadsCapitalizedCosts
157300000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
6451000 USD
scco Inventory Ore Stockpiles On Leach Pads Recognized As Cost Of Sales
InventoryOreStockpilesOnLeachPadsRecognizedAsCostOfSales
52500000 USD
CY2012Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
217866000 USD
CY2011Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
740577000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.382 pure
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1397374000 USD
CY2011Q3 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
8504000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
24415000 USD
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
18200000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1965778000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
14285000 USD
CY2012Q3 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-3358000 USD
CY2011Q3 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
8931000 USD
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
3302000 USD
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
3278000 USD
CY2012Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
56808000 USD
CY2011Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-81687000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
76116000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-98189000 USD
us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
18200000 USD
CY2012Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-5108000 USD
CY2011Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
305000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-4050000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
6715000 USD
us-gaap Revenues
Revenues
5018200000 USD
CY2012Q3 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-60008000 USD
CY2011Q3 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-72194000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-123068000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
59767000 USD
CY2012Q3 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
56581000 USD
CY2011Q3 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4718000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
89481000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-106900000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
73166000 USD
CY2012Q3 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
345506000 USD
CY2011Q3 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
189075000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
111006000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-252137000 USD
CY2012Q3 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
55285000 USD
CY2011Q3 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
25213000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
74192000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-67645000 USD
CY2012Q3 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
662120000 USD
CY2011Q3 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
877981000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1759594000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1595767000 USD
CY2012Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
258224000 USD
CY2011Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
153394000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
665944000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
337038000 USD
CY2012Q3 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
5946000 USD
CY2011Q3 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
310280000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
-142253000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
459643000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-820558000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
10250000 USD
CY2012Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
203723000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
10279000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
5000000 USD
CY2011Q3 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
9741000 USD
CY2012Q3 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-264077000 USD
CY2011Q3 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-480495000 USD
scco Noncontrolling Interest Increase Decrease Other
NoncontrollingInterestIncreaseDecreaseOther
700000 USD
CY2012Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
93000 USD
CY2011Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1424000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5373000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-500118000 USD
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
666000000 USD
CY2011Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
522649000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
813883000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1491653000 USD
scco Noncontrolling Interest Increase Decrease Other
NoncontrollingInterestIncreaseDecreaseOther
100000 USD
CY2012Q3 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
533000 USD
CY2011Q3 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
1350000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
2253000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
4955000 USD
CY2012Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
99185000 USD
CY2011Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
110290000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
132369000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
258358000 USD
CY2012Q3 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
154000 USD
CY2011Q3 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
1505000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
758000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
1001000 USD
CY2012Q3 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-303287000 USD
CY2011Q3 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-632784000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-952747000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-1764215000 USD
CY2012Q3 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-16322000 USD
CY2011Q3 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
24592000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
2958000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
39464000 USD
CY2012Q3 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
78434000 USD
CY2011Q3 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-210706000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
309687000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-949542000 USD
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1079371000 USD
CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1157805000 USD
CY2011Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1453841000 USD
CY2011Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1243135000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
848118000 USD
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2192677000 USD
CY2012Q3 us-gaap Short Term Investments
ShortTermInvestments
379702000 USD
CY2011Q4 us-gaap Short Term Investments
ShortTermInvestments
521955000 USD
CY2012Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
529786000 USD
CY2011Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
695104000 USD
CY2012Q3 us-gaap Other Receivables
OtherReceivables
50739000 USD
CY2011Q4 us-gaap Other Receivables
OtherReceivables
30176000 USD
CY2011Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
88797000 USD
CY2012Q3 us-gaap Inventory Net
InventoryNet
646419000 USD
CY2011Q4 us-gaap Inventory Net
InventoryNet
651896000 USD
CY2012Q3 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
83796000 USD
CY2012Q3 us-gaap Other Assets Current
OtherAssetsCurrent
153079000 USD
CY2011Q4 us-gaap Other Assets Current
OtherAssetsCurrent
107156000 USD
CY2012Q3 us-gaap Assets Current
AssetsCurrent
5289535000 USD
CY2011Q4 us-gaap Assets Current
AssetsCurrent
3101503000 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4419885000 USD
CY2012Q3 us-gaap Inventory Ore Stockpiles On Leach Pads
InventoryOreStockpilesOnLeachPads
217943000 USD
CY2011Q4 us-gaap Inventory Ore Stockpiles On Leach Pads
InventoryOreStockpilesOnLeachPads
122985000 USD
CY2012Q3 scco Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
109444000 USD
CY2011Q4 scco Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
110436000 USD
CY2012Q3 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
168874000 USD
CY2011Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
145251000 USD
CY2012Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
199808000 USD
CY2011Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
162641000 USD
CY2012Q3 us-gaap Assets
Assets
10841771000 USD
CY2011Q4 us-gaap Assets
Assets
8062701000 USD
CY2012Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
10000000 USD
CY2011Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
10000000 USD
CY2012Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
427479000 USD
CY2011Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
443132000 USD
CY2011Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
182491000 USD
CY2012Q3 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
39860000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
39860000 USD
CY2012Q3 scco Accrued Workers Participation
AccruedWorkersParticipation
213910000 USD
CY2011Q4 scco Accrued Workers Participation
AccruedWorkersParticipation
245139000 USD
CY2012Q3 us-gaap Interest Payable Current
InterestPayableCurrent
63009000 USD
CY2011Q4 us-gaap Interest Payable Current
InterestPayableCurrent
59906000 USD
CY2012Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
33392000 USD
CY2011Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
12349000 USD
CY2012Q3 us-gaap Liabilities Current
LiabilitiesCurrent
1103883000 USD
CY2011Q4 us-gaap Liabilities Current
LiabilitiesCurrent
992877000 USD
CY2012Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2731195000 USD
CY2011Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2735732000 USD
dei Entity Registrant Name
EntityRegistrantName
SOUTHERN COPPER CORP/
dei Entity Central Index Key
EntityCentralIndexKey
0001001838
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
845550550 shares
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2012Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
219097000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
125191000 USD
CY2012Q3 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
67524000 USD
CY2011Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
66982000 USD
CY2012Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
54436000 USD
CY2011Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
43665000 USD
CY2012Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
64554000 USD
CY2011Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
61971000 USD
CY2012Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
3136806000 USD
CY2011Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
3033541000 USD
CY2012Q3 us-gaap Common Stock Value
CommonStockValue
8846000 USD
CY2011Q4 us-gaap Common Stock Value
CommonStockValue
8846000 USD
CY2012Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3319058000 USD
CY2011Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1039382000 USD
CY2012Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
4144424000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3852054000 USD
CY2012Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
7427000 USD
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
12874000 USD
CY2012Q3 us-gaap Treasury Stock Value
TreasuryStockValue
902612000 USD
CY2011Q4 us-gaap Trading Securities Debt Current
TradingSecuritiesDebtCurrent
514600000 USD
CY2011Q4 us-gaap Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
7300000 USD
CY2012Q3 us-gaap Trading Securities Debt Current
TradingSecuritiesDebtCurrent
373000000 USD
scco Trading Securities Weighted Average Interest Rate
TradingSecuritiesWeightedAverageInterestRate
0.0100 pure
CY2011Q4 us-gaap Treasury Stock Value
TreasuryStockValue
897852000 USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
6577143000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
4015304000 USD
CY2011Q4 us-gaap Minority Interest
MinorityInterest
20979000 USD
CY2012Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6601082000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4036283000 USD
CY2012Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
10841771000 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8062701000 USD
CY2012Q3 us-gaap Related Party Transaction Revenues From Transactions With Related Party
RelatedPartyTransactionRevenuesFromTransactionsWithRelatedParty
11900000 USD
us-gaap Related Party Transaction Revenues From Transactions With Related Party
RelatedPartyTransactionRevenuesFromTransactionsWithRelatedParty
24300000 USD
CY2012Q3 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
179988000 USD
CY2012Q3 us-gaap Minority Interest
MinorityInterest
23939000 USD
CY2011Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
158301000 USD
CY2012Q3 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
10047000 USD
CY2011Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
4392000 USD
us-gaap Nature Of Operations
NatureOfOperations
<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="MARGIN: 0in 0in 0pt"><b><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold" size="2">NOTE 1 &#8212; DESCRIPTION OF THE BUSINESS:</font></b></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">In the opinion of Southern Copper Corporation, (the &#8220;Company&#8221; or &#8220;SCC&#8221;), the accompanying unaudited condensed consolidated financial statements contain all adjustments (consisting only of normal recurring adjustments) necessary to state fairly the Company&#8217;s financial position as of September 30, 2012 and the results of operations, comprehensive income and cash flows for the three and nine months ended September 30, 2012 and 2011.&#160; The results of operations for the three and nine months ended September 30, 2012 and 2011 are not necessarily indicative of the results to be expected for the full year.&#160; The December 31, 2011 balance sheet data was derived from audited financial statements, but does not include all disclosures required by generally accepted accounting principles in the United States of America (U.S. GAAP).&#160; The accompanying condensed consolidated financial statements should be read in conjunction with the consolidated financial statements at December 31, 2011 and notes included in the Company&#8217;s 2011 annual report on Form 10-K.</font></p></td></tr></table>
CY2011 scco Trading Securities Weighted Average Interest Rate
TradingSecuritiesWeightedAverageInterestRate
0.0137 pure
CY2011 scco Available For Sale Securities Weighted Average Interest Rate
AvailableForSaleSecuritiesWeightedAverageInterestRate
0.0058 pure
CY2011Q3 us-gaap Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
1200000 USD
us-gaap Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
2900000 USD
CY2011Q3 us-gaap Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
-1100000 USD
us-gaap Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
-1900000 USD
CY2012Q3 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
200000 USD
CY2011Q3 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
900000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
1400000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
1700000 USD
CY2012Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
97600000 USD
CY2011Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
93300000 USD
CY2012Q3 us-gaap Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
3700000 USD
us-gaap Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
8800000 USD
CY2012Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
276700000 USD
CY2011Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
296100000 USD
CY2012Q3 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
272100000 USD
CY2011Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
262500000 USD
scco Inventory Ore Stockpiles On Leach Pads Capitalized Costs
InventoryOreStockpilesOnLeachPadsCapitalizedCosts
87100000 USD
scco Inventory Ore Stockpiles On Leach Pads Recognized As Cost Of Sales
InventoryOreStockpilesOnLeachPadsRecognizedAsCostOfSales
33600000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.305 pure
CY2012Q3 us-gaap General Fair Value Hedge Information Minimum R Square Percentage
GeneralFairValueHedgeInformationMinimumRSquarePercentage
0.999 pure
CY2011Q3 us-gaap Revenues
Revenues
1745900000 USD
us-gaap Revenues
Revenues
5149400000 USD
CY2011Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-43200000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-130500000 USD
CY2011Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1374000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4774000 USD
CY2011Q3 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
153400000 USD
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
337000000 USD
CY2011Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4219800000 USD
CY2011Q3 us-gaap Assets
Assets
7999600000 USD
CY2011Q3 us-gaap Treasury Stock Value
TreasuryStockValue
883700000 USD
CY2008 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
500000000 USD
CY2011Q3 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
1000000000 USD
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
28510150 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
4912000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
15600 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
9034400 shares
CY2012Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
278486 shares
CY2012Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
500000 shares
CY2012Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
370000 shares
CY2012Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1148486 shares
CY2012Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2863850 shares
CY2012Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
100000 shares
CY2012Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2763850 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
46484486 shares
CY2012Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
28.89
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
13.49
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
14.64
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
29.69
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
30.29
CY2012Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
30.23
CY2012Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
28.57
CY2012Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
28.33
CY2012Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
32.47
CY2012Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
34.71
CY2012Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
34.63
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
18.57
CY2008Q4 scco Treasury Stock Shares Acquired Cumulative
TreasuryStockSharesAcquiredCumulative
28510150 shares
CY2009Q3 scco Treasury Stock Shares Acquired Cumulative
TreasuryStockSharesAcquiredCumulative
33422150 shares
CY2010Q4 scco Treasury Stock Shares Acquired Cumulative
TreasuryStockSharesAcquiredCumulative
33437750 shares
CY2011Q4 scco Treasury Stock Shares Acquired Cumulative
TreasuryStockSharesAcquiredCumulative
42472150 shares
CY2012Q2 scco Treasury Stock Shares Acquired Cumulative
TreasuryStockSharesAcquiredCumulative
43250636 shares
CY2012Q2 scco Treasury Stock Shares Acquired Cumulative
TreasuryStockSharesAcquiredCumulative
42750636 shares
CY2012Q2 scco Treasury Stock Shares Acquired Cumulative
TreasuryStockSharesAcquiredCumulative
43620636 shares
CY2012Q3 scco Treasury Stock Shares Acquired Cumulative
TreasuryStockSharesAcquiredCumulative
43720636 shares
CY2012Q3 scco Treasury Stock Shares Acquired Cumulative
TreasuryStockSharesAcquiredCumulative
46484486 shares
CY2012Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
3984848 shares
CY2012Q3 scco Stock Repurchase Program Repurchase Price
StockRepurchaseProgramRepurchasePrice
34.36
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
384700000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
71900000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
500000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
273700000 USD
CY2012Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
8400000 USD
CY2012Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
14300000 USD
CY2012Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
10500000 USD
CY2012Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
33200000 USD
CY2012Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3200000 USD
CY2012Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
95900000 USD
CY2012Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
99100000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
863100000 USD
CY2012Q3 scco Percentage Of Ownership By Parent
PercentageOfOwnershipByParent
0.812 pure
CY2012Q3 us-gaap Long Term Debt
LongTermDebt
2741200000 USD
CY2011Q4 us-gaap Long Term Debt
LongTermDebt
2745700000 USD
CY2012Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3283900000 USD
CY2011Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
2974900000 USD
CY2010Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1200000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
-1200000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
9741000 USD
CY2012Q3 us-gaap Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
6700000 USD
scco Available For Sale Securities Weighted Average Interest Rate
AvailableForSaleSecuritiesWeightedAverageInterestRate
0.0051 pure
CY2010Q4 us-gaap Minority Interest
MinorityInterest
20000000 USD
CY2011Q3 us-gaap Minority Interest
MinorityInterest
20000000 USD
CY2011Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
4400000 USD
CY2011Q3 us-gaap Related Party Transaction Revenues From Transactions With Related Party
RelatedPartyTransactionRevenuesFromTransactionsWithRelatedParty
16400000 USD
us-gaap Related Party Transaction Revenues From Transactions With Related Party
RelatedPartyTransactionRevenuesFromTransactionsWithRelatedParty
69300000 USD
CY2012Q3 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
316233000 USD
us-gaap Litigation Settlement Expense
LitigationSettlementExpense
316233000 USD
CY2012Q3 us-gaap Loss Contingency Related Receivable Carrying Value
LossContingencyRelatedReceivableCarryingValue
-2108221000 USD
CY2012Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
316233000 USD
CY2012Q3 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
4435000 USD

Files In Submission

Name View Source Status
0001104659-12-071128-index-headers.html Edgar Link pending
0001104659-12-071128-index.html Edgar Link pending
0001104659-12-071128.txt Edgar Link pending
0001104659-12-071128-xbrl.zip Edgar Link pending
a12-19868_110q.htm Edgar Link pending
a12-19868_1ex15.htm Edgar Link pending
a12-19868_1ex31d1.htm Edgar Link pending
a12-19868_1ex31d2.htm Edgar Link pending
a12-19868_1ex32d1.htm Edgar Link pending
a12-19868_1ex32d2.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
scco-20120930.xml Edgar Link completed
scco-20120930.xsd Edgar Link pending
scco-20120930_cal.xml Edgar Link unprocessable
scco-20120930_def.xml Edgar Link unprocessable
scco-20120930_lab.xml Edgar Link unprocessable
scco-20120930_pre.xml Edgar Link unprocessable
Show.js Edgar Link pending