CONSOLIDATED STATEMENT OF EARNINGS (USD $)

In Thousands, except Per Share data

CONSOLIDATED STATEMENT OF EARNINGS
Net sales
Operating costs and expenses:
Cost of sales (exclusive of depreciation, amortization and depletion shown
separately below)
Selling, general and administrative
Depreciation, amortization and depletion
Exploration
Total operating costs and expenses
Operating income
Interest expense
Capitalized interest
Gain (loss) on derivative instruments
Loss on debt prepayments
Other income (expense)
Interest income
Income before income taxes
Income taxes
Net income
Less: Net income attributable to the non-controlling interest
Net income attributable to SCC
Per common share amounts attributable to SCC:
Net earnings - basic (in dollars per share)
Net earnings - diluted (in dollars per share)
Dividends paid (in dollars per share)
Weighted average shares outstanding - basic (in shares)
Weighted average shares outstanding - diluted (in shares)

12 Months Ended
Dec. 31, 2009

12 Months Ended
Dec. 31, 2008

12 Months Ended
Dec. 31, 2007

$3,734,280

$4,850,820

$6,085,672

1,823,673
78,291
322,590
24,578
2,249,132
1,485,148
(99,793)
2,156
4,236

2,182,206
102,432
327,302
36,990
2,648,930
2,201,890
(105,928)
6,776
(74,628)

6,077
6,610
1,404,434
469,861
934,573
5,192
$929,381

17,272
48,400
2,093,782
679,323
1,414,459
7,866
$1,406,593

2,122,163
98,047
327,898
40,212
2,588,320
3,497,352
(123,204)
14,717
(73,711)
(16,572)
30,759
82,519
3,411,860
1,185,261
2,226,599
10,229
$2,216,370

$1.09
$1.09
$0.44
850,697
850,697

$1.6
$1.6
$1.94
878,713
878,713

$2.51
$2.51
$2.27
883,392
883,392

CONSOLIDATED BALANCE SHEET (USD $)

In Thousands
Current assets:
Cash and cash equivalents
Short-term investments
Accounts receivable trade (less allowance for doubtful accounts (2009 $4,614 and 2008 - $4,811)
Accounts receivable other (including affiliates 2009 - $4,491 and 2008 $1,925)
Inventories
Deferred income tax - current portion
Other current assets
Total current assets
Property, net
Leachable material, net
Intangible assets, net
Deferred income tax
Other assets
Total assets
Current liabilities:
Current portion of long-term debt
Accounts payable
Accrued income taxes
Due to affiliated companies
Accrued workers' participation
Accrued interest
Other accrued liabilities
Total current liabilities
Long-term debt
Deferred income taxes
Non-current taxes payable
Other liabilities and reserves
Asset retirement obligation
Total non-current liabilities
STOCKHOLDERS' EQUITY
Common stock par value $0.01; shares authorized: 2009 and 2008
960,000,000 shares issued: 2009 and 2008 - 884,596,086
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Treasury stock, at cost, common shares
Total stockholders' equity
Non-controlling interest
Total equity
Total liabilities and equity

Dec. 31, 2009

Dec. 31, 2008

$772,306
22,948

$716,740
62,376

407,979

104,149

31,971
456,122
19,672
67,131
1,778,129
3,969,558
107,262
113,840
52,670
41,113
6,062,572

29,439
451,597
64,711
124,681
1,553,693
3,810,508
156,294
115,059
83,106
45,664
5,764,324

10,000
283,703
91,359
150,692
39,795
26,876
602,425
1,270,252
143,508
26,201
77,607
48,925
1,566,493

10,000
413,351
34,378
8,965
205,466
40,968
24,335
737,463
1,279,972
169,342
70,266
93,875
18,007
1,631,462

8,846
1,013,326
3,469,930
(13,061)
(603,413)
3,875,628
18,026
3,893,654
$6,062,572

8,846
993,826
2,916,517
(23,477)
(514,453)
3,381,259
14,140
3,395,399
$5,764,324

CONSOLIDATED BALANCE SHEET (Parenthetical) (USD $)

In Thousands, except Share data
CONSOLIDATED BALANCE SHEET
Accounts receivable trade, allowance for doubtful accounts (in dollars)
Accounts receivable from affiliates (in dollars)
Common stock, par value (in dollars per share)
Common stock, shares authorized
Common stock, shares issued

Dec. 31, 2009

$4,614
$4,491
$0.01
960,000,000
884,596,086

Dec. 31, 2008

$4,811
$1,925
$0.01
960,000,000
884,596,086

CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)

In Thousands
OPERATING ACTIVITIES
Net income
Adjustments to reconcile net earnings to net cash provided from
operating activities:
Depreciation, amortization and depletion
Capitalized leachable material
(Gain) loss on currency translation effect
Provision (benefit) for deferred income taxes
(Gain) loss on sale of property
Loss on short-term investments
Unrealized loss (gain) on derivative investments
Cash provided from (used for) operating assets and liabilities:
Accounts receivable
Inventories
Accounts payable and accrued liabilities
Other operating assets and liabilities
Net cash provided from operating activities
INVESTING ACTIVITIES
Capital expenditures
Purchase of short-term investments
Proceeds on sale of short-term investments
Sale of property
Other
Net cash used for investing activities
FINANCING ACTIVITIES
Debt repaid
SCC common shares buyback
Proceeds from sale of parent company shares
Dividends paid to common stockholders
Distributions to non-controlling interest
Other
Net cash used for financing activities
Effect of exchange rate changes on cash and cash equivalents
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents, at beginning of year
Cash and cash equivalents, at end of year
Cash paid during the year for:
Interest
Income taxes
Workers' participation
Supplemental schedule of non-cash operating, investing and
financing activities:
(Increase) decrease in pension and other post-retirement benefits
Common Stock split:
Increase in Common Stock
Decrease in additional paid-in capital

12 Months Ended
Dec. 31, 2009

12 Months Ended
Dec. 31, 2008

12 Months Ended
Dec. 31, 2007

$934,573

$1,414,459

$2,226,599

322,590
18,307
41,231
(6,173)
(4,353)
(56,815)

327,302
(2,246)
(18,063)
(100,115)
(29,778)
10,339
56,815

327,898
(45,903)
12,052
66,596
780
81,006
(520)

(299,631)
(4,525)
(89,139)
107,113
963,178

330,163
(3,314)
(164,284)
(92,938)
1,728,340

66,200
(34,632)
(150,309)
153,689
2,703,456

(414,822)

(524,400)

43,781
11,755

45,188
60,613

(315,741)
(217,903)
287,398

(359,286)

(418,599)

(10,000)
(71,903)
(375,969)
(1,149)
998
(458,023)
(90,303)
55,566
716,740
772,306

(160,025)
(384,656)
216,438
(1,710,813)
(10,211)
1,231
(2,048,036)
45,763
(692,532)
1,409,272
716,740

(2,002,312)
(7,211)
(224)
(2,088,347)
17,364
386,494
1,022,778
1,409,272

95,492
339,421
183,697

116,709
922,019
305,216

117,883
1,057,931
301,056

10,416

3,050

(3,266)

5,897
$5,897

267
(245,979)
(78,600)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (USD $)

In Thousands
Changes in equity
Balance at beginning of year
Net earnings
Balance at end of year
CAPITAL STOCK:
Changes in equity
Balance at beginning of year
Balance at end of year
ADDITIONAL PAID-IN CAPITAL:
Changes in equity
Balance at beginning of year
Gain on sale of parent company shares
Net movement of the period
Balance at end of year
TREASURY STOCK:
Changes in equity
Balance at beginning of year
Balance at end of year
TREASURY STOCK: | Southern Copper common shares
Changes in equity
Balance at beginning of year
Share repurchase program
Used for corporate purposes
Balance at end of year
TREASURY STOCK: | Parent Company common shares
Changes in equity
Balance at beginning of year
Sale of shares
Other activity, including dividend, interest and currency translation effect
Balance at end of year
RETAINED EARNINGS:
Changes in equity
Balance at beginning of year
Net earnings
Cumulative effect of uncertain tax position
Dividends paid, Common Stock, per share, 2009 - $0.44, 2008 - $1.94,
2007 - $2.27
Balance at end of year
ACCUMULATED OTHER COMPREHENSIVE LOSS:
Changes in equity
Balance at beginning of year

(Increase) decrease in pension and other post-retirement benefits

Unrealized gain on equity securities
Balance at end of year
STOCKHOLDERS' EQUITYChanges in equity
Balance at beginning of year
Balance at end of year
NON-CONTROLLING INTEREST:
Changes in equity
Balance at beginning of year
Net earnings
Dividends paid, Common Stock, per share, 2009 - $0.44, 2008 - $1.94,
2007 - $2.27
Other activity
Balance at end of year
COMPREHENSIVE INCOME:
Changes in equity
Net earnings
(Increase) decrease in pension and other post-retirement benefits
Unrealized gain on equity securities
Total comprehensive income
Comprehensive income attributable to the non-controlling interest
Comprehensive income attributable to SCC
[1]Initial balance was retrospectively adjusted to reflect the stock split made in 2008.

12 Months Ended
Dec. 31, 2009

12 Months Ended
Dec. 31, 2008

12 Months Ended
Dec. 31, 2007

$3,395,399
934,573
3,893,654

$3,864,805
1,414,459
3,395,399

$3,680,594
2,226,599
3,864,805

8,846
8,846

8,846
8,846

8,846
8,846

[1]

993,826

766,796

[1]

19,500
1,013,326

819,646
144,091
30,089
993,826

(514,453)
(603,413)

(174,675)
(514,453)

(388,968)
(71,904)
160
(460,712)

(4,360)
(384,656)
48
(388,968)

(4,409)

(125,485)

(170,315)
72,339

(92,603)

(17,216)
(142,701)

(27,509)
(125,485)

(77,712)
(170,315)

2,916,517
929,381

3,220,857
1,406,473

3,010,307
2,216,370
(3,508)

(375,968)
3,469,930

(1,710,813)
2,916,517

(2,002,312)
3,220,857

(23,477)

(26,554)

(22,332)

52,850
819,646

(174,675)

49
(4,360)

10,416

split made in 2008.

(13,061)

3,050
27
(23,477)

(3,266)
(956)
(26,554)

3,381,259
3,875,628

3,848,120
3,381,259

3,666,605
3,848,120

14,140
5,192

16,685
7,866

13,989
10,229

(1,149)
(157)
18,026

(10,211)
(200)
14,140

(7,211)
(322)
16,685

934,573
10,416

1,414,459
3,050
27

2,226,599
(3,266)
(956)

944,989
5,192

1,417,536
7,866

2,222,377
10,229

$939,797

$1,409,670

$2,212,148

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

SUPPLEMENTAL (USD $)
In Thousands
RETAINED EARNINGS
Unappropriated
Appropriated
Total retained earnings

Dec. 31, 2009

$1,693,675
1,776,255
$3,469,930

Dec. 31, 2008

$540,981
2,375,536
$2,916,517

Dec. 31, 2007

$1,128,407
2,092,450
$3,220,857

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Parenthetical)

(USD $)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

Dividends paid, Common Stock (in dollars per share)

12 Months Ended
Dec. 31, 2009

$0.44

12 Months Ended
Dec. 31, 2008

$1.94

12 Months Ended
Dec. 31, 2007

$2.27

DESCRIPTION OF THE BUSINESS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DESCRIPTION OF THE BUSINESS:

12 Months Ended
Dec. 31, 2009
USD / shares

NOTE 1-DESCRIPTION OF THE

BUSINESS:
The consolidated financial
statements presented herein
consist of the accounts of
Southern Copper Corporation
(SCC or the Company) and its
subsidiaries. The Company is
an integrated producer of
copper and other minerals,
and operates mining,
smelting and refining facilities
in Peru and Mexico. The
Company conducts its
primary operations in Peru
through a registered branch
(the Peruvian Branch). The
Peruvian Branch is not a
corporation separate from the
Company. The Companys
Mexican operations are
conducted through
subsidiaries.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

12 Months Ended
Dec. 31, 2009
USD / shares

NOTE 2-SUMMARY OF
SIGNIFICANT ACCOUNTING
POLICIES:
Principles of consolidation
The consolidated financial
statements include the
accounts of subsidiaries of
which the Company has
voting control, in accordance
with Accounting Standards
Codification 810 Consolidation
ASC-810 (in prior literature
SFAS No.94 Consolidation of
All Majority-Owned
Subsidiaries). Such financial
statements are prepared in
accordance with accounting
principles generally accepted
in the United States (U.S.
GAAP).
The consolidated balance
sheets as of December31,
2008 and the related
consolidated statement of
earnings, changes in equity
and cash flows for the years

SHORT-TERM INVESTMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SHORT-TERM INVESTMENTS:

12 Months Ended
Dec. 31, 2009
USD / shares

NOTE 3- SHORT-TERM
INVESTMENTS:
Short-term investments were
as follows:
As of December31,
Investments
2009
2008
Short-term investments in
securities issued by public
companies (in millions).
$
22.9
$
62.4
Weighted average interest

INVENTORIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

INVENTORIES:

12 Months Ended
Dec. 31, 2009
USD / shares

NOTE 4-INVENTORIES:
As of December31,
(in millions)
2009
2008
Metals:
Finished goods

PROPERTY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

PROPERTY:

12 Months Ended
Dec. 31, 2009
USD / shares

NOTE 5-PROPERTY:
As of December31,
(in millions)
2009
2008
Buildings and equipment
$
6,531.5
$
6,292.9
Construction in progress
751.9
642.2

CAPITALIZED LEACHABLE MATERIAL COST

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

CAPITALIZED LEACHABLE MATERIAL COST:

12 Months Ended
Dec. 31, 2009
USD / shares

NOTE 6-CAPITALIZED
LEACHABLE MATERIAL COST:
As of December31,
(in millions)
2009
2008
Capitalized leachable material

$
378.1
$
378.1
Accumulated amortization
(270.8
)

INTANGIBLE ASSETS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

INTANGIBLE ASSETS:

12 Months Ended
Dec. 31, 2009
USD / shares

NOTE 7-INTANGIBLE ASSETS:

As of December31,
(in millions)
2009
2008
Mining concessions
$
121.2
$
121.2
Mine engineering and
development studies
6.0
6.0

INCOME TAXES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

INCOME TAXES:

12 Months Ended
Dec. 31, 2009
USD / shares

NOTE 8-INCOME TAXES:

The components of the
provision for income taxes are
as follows:
Year ended December31,
(in millions)
2009
2008
2007
U.S. federal and state:
Current
$
(34.6
)

WORKERS' PARTICIPATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

WORKERS' PARTICIPATION:

12 Months Ended
Dec. 31, 2009
USD / shares

NOTE 9-WORKERS
PARTICIPATION:
The Companys operations in
Peru and Mexico are subject
to statutory workers
participation.
In Peru, the provision for
workers participation is
calculated at 8% of pre-tax
earnings. The current portion
of this participation, which is
accrued during the year, is
based on Peruvian Branchs
taxable income and is
distributed to workers
following determination of
final results for the year. The
annual amount payable to an
individual worker is capped at
the workers salary for an 18
months period. Amounts
determined in excess of the
18 months of workers salary
is no longer made as a
payment to the worker and is
levied first for the benefit of
the Fondo Nacional de
Capacitacion Laboral y de

ASSET RETIREMENT OBLIGATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

ASSET RETIREMENT OBLIGATION:

12 Months Ended
Dec. 31, 2009
USD / shares

NOTE 10-ASSET RETIREMENT

OBLIGATION:
The Company maintains an
estimated asset retirement
obligation for its mining
properties in Peru, as required
by the Peruvian Mine Closure
Law. In accordance with the
requirements of this law the
Company submitted closure
plans to the Peruvian Ministry
of Energy and Mines (MEM).
These plans have been open
to public discussion in the
areas of the Companys
operations and in 2009 were
approved by MEM. As part of
the closure plans,
commencing in January2010
the Company is required to
provide annual guarantees of
$2.6 million over a 34 year
period to furnish the funds for
the asset retirement
obligation. In the near-term
future the Company has
pledged the value of its Lima
office complex as support for
this obligation. The accepted
value of the Lima office

FINANCING

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FINANCING:

12 Months Ended
Dec. 31, 2009
USD / shares

NOTE 11-FINANCING:
Long term debt:
As of December31,
(in millions)
2009
2008
6.375% Notes due 2015
($200 million face amount,
less unamortized discount of
$0.8 million and $0.9 million
at December31, 2009 and
2008, respectively)
$
199.2
$
199.1

BENEFIT PLANS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

BENEFIT PLANS:

12 Months Ended
Dec. 31, 2009
USD / shares

NOTE 12-BENEFIT PLANS:

Peruvian operations
The Company has two
noncontributory defined
benefit pension plans
covering former salaried
employees in the United
States and certain former
employees in Peru. It also has
a post-retirement health care
plan.
Peru Defined Benefit Pension
Plans.
Effective October31, 2000,
the Board of Directors
amended the qualified
pension plan to suspend the
accrual of benefits.
The components of net
periodic benefit costs
calculated in accordance with
ASC 715 Compensation

NON-CONTROLLING INTEREST

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NON-CONTROLLING INTEREST:

12 Months Ended
Dec. 31, 2009
USD / shares

NOTE 13-NON-CONTROLLING
INTEREST:
For all the years presented, in
the consolidated statement of
earnings the income
attributable to non-controlling
interest is based on the
earnings of the Companys
Peruvian Branch.
The non-controlling interest of
the Companys Peruvian
Branch is for investment
shares, formerly called labor
shares. These shares were
generated by legislation in
place in Peru from the 1970s
through 1991; such legislation
provided for the participation
of mining workers in the
profits of the enterprises for
which they worked. This
participation was divided
between equity and cash. The
investment shares included in
the non-controlling interest on
the balance sheet are the still
outstanding equity
distributions made to the

COMMITMENTS AND CONTINGENCIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

COMMITMENTS AND CONTINGENCIES:

12 Months Ended
Dec. 31, 2009
USD / shares

NOTE 14-COMMITMENTS AND

CONTINGENCIES:
Environmental matters:
The Company has instituted
extensive environmental
conservation programs at its
mining facilities in Peru and
Mexico. The Companys
environmental programs
include, among other
features, water recovery
systems to conserve water
and minimize impact on
nearby streams, reforestation
programs to stabilize the
surface of the tailings dams
and the implementation of
scrubbing technology in the
mines to reduce dust
emissions.
Peruvian operations
The Companys operations are
subject to applicable Peruvian
environmental laws and

STOCKHOLDERS' EQUITY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

STOCKHOLDERS' EQUITY:

1/1/2009 - 12/31/2009
USD / shares

NOTE 15-STOCKHOLDERS
EQUITY
Common Stock:
In 2009 Grupo Mexico,
through its wholly owned
subsidiary AMC, purchased
4.9 million shares of SCCs
Common Stock. With this
purchase and the Companys
repurchase of shares of its
Common Stock, the indirect
ownership of Grupo Mexico
increased to 80% at March31,
2009 and remains at 80% at
December31, 2009.
Stock split:
On June19, 2008 the
Executive Committee of the
Board of Directors declared a
three-for-one split of the
Companys outstanding
common stock. On July10,
2008 common shareholders of
record at the close of

DERIVATIVE INSTRUMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DERIVATIVE INSTRUMENTS:

12 Months Ended
Dec. 31, 2009
USD / shares

NOTE 16-DERIVATIVE
INSTRUMENTS:
The Company occasionally
uses derivative instruments to
manage its exposure to
market risk from changes in
commodity prices, interest
rate and exchange rate risk
exposures and to enhance
return on assets. The
Company does not enter into
derivative contracts unless it
anticipates a future activity
that is likely to occur that will
result in exposing the
Company to market risk.
Copper derivatives:
From time to time the
Company has entered into
derivative contracts to protect
a fixed copper or zinc price for
a portion of its metal sales.
In 2009, the Company did not
hold any copper derivative

FINANCIAL INSTRUMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FINANCIAL INSTRUMENTS:

12 Months Ended
Dec. 31, 2009
USD / shares

NOTE 17-FINANCIAL
INSTRUMENTS:
ASC-820-10-35 establishes a
fair value hierarchy that
prioritizes the inputs to
valuation techniques used to
measure fair value. The
hierarchy gives the highest
priority to unadjusted quoted
prices in active markets for
identical assets or liabilities
(Level 1 measurements) and
the lowest priority to
unobservable inputs (Level 3
measurements). The three
levels of the fair value
hierarchy under SFAS No.157
are described below:
Level 1 - Unadjusted quoted
prices in active markets that
are accessible at the
measurement date for
identical, unrestricted assets
or liabilities;
Level 2 - Inputs that are
observable, either directly or

CONCENTRATION OF RISK

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

CONCENTRATION OF RISK:

12 Months Ended
Dec. 31, 2009
USD / shares

NOTE 18-CONCENTRATION OF
RISK:
The Company operates four
open-pit copper mines, five
underground poly metal
mines, three smelters and
eight refineries in Peru and
Mexico and substantially all of
its assets are located in these
countries. There can be no
assurances that the
Companys operations and
assets that are subject to the
jurisdiction of the
governments of Peru and
Mexico will not be adversely
affected by future actions of
such governments. Much of
the Companys products are
exported from Peru and
Mexico to customers
principally in United States,
Europe, Asia and South
America.
Financial instruments, which
potentially subject the
Company to a concentration
of credit risk, consist primarily

RELATED PARTY TRANSACTIONS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

RELATED PARTY TRANSACTIONS:

12 Months Ended
Dec. 31, 2009
USD / shares

NOTE 19-RELATED PARTY

TRANSACTIONS:
Balances receivable and
payable with affiliated
companies are shown below
(in millions):
As of December31,
2009
2008
Affiliate receivable:
Grupo Mexico S.A.B de C.V.
and affiliates
$
1.5
$
0.8

SEGMENT AND RELATED INFORMATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEGMENT AND RELATED INFORMATION:

12 Months Ended
Dec. 31, 2009
USD / shares

NOTE 20-SEGMENT AND

RELATED INFORMATION:
Company management views
Southern Copper as having
three operating segments and
manages on the basis of
these segments. Each of its
segments report
independently to the Chief
Operating Officer and he
focuses on operating income
as a measure of performance
to evaluate different
segments, and to make
decisions to allocate
resources to the reported
segments.
The three segments identified
are groups of mines with the
similar economic
characteristics, type of
products, processes and
support facilities, similar
regulatory environments,
similar employee bargaining
contracts and similar currency
risks. In addition, each mine
within the individual group

QUARTERLY DATA (unaudited)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERLY DATA (unaudited)

12 Months Ended
Dec. 31, 2009
USD / shares

NOTE 21-QUARTERLY DATA

(unaudited)
(in millions, except per share
data)
2009
1st
2nd
3rd
4th
Year
Net sales
$
622.0
$

SUBSEQUENT EVENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SUBSEQUENT EVENTS

12 Months Ended
Dec. 31, 2009
USD / shares

NOTE 22SUBSEQUENT
EVENTS
DIVIDENDS:
On January28, 2010 the Board
of Directors authorized a
dividend of 43 cents per share
to be paid on March4, 2010 to
shareholders of record as of
February19, 2010.
CANANEA STRIKE:
On February11, 2010 a
Mexican Federal Labor court
ruled that the damages
caused to the Cananea mine
by the neglect and sabotage
of striking workers since the
commencement of the labor
stopagges in July2007
resulted in force majeure
providing legal basis for the
termination of individual and
unionized employees by the
Company. The Company
expects due compliance of

Schedule II - Valuation and Qualifying Accounts and Reserves

Schedule II - Valuation and Qualifying Accounts and Reserves

Schedule II - Valuation and Qualifying Accounts and Reserves

12 Months Ended
Dec. 31, 2009
USD / shares

3. Schedule II
Valuation and Qualifying
Accounts and Reserves(in
millions):
Additions
Balance at beginning of
period
Charged to costs and
expenses
Other
Deduction
Balance at end of period
Reserve deducted in balance
sheet to which applicable:

Accounts Receivable:

Document And Entity Information (USD $)

In Millions, except Share data

Document and Entity Information
Entity Registrant Name
Entity Central Index Key
Document Type
Document Period End Date
Amendment Flag
Current Fiscal Year End Date
Entity Well-known Seasoned Issuer
Entity Voluntary Filers
Entity Current Reporting Status
Entity Filer Category
Entity Public Float
Entity Common Stock, Shares Outstanding

12 Months Ended
Dec. 31, 2009

Jan. 31, 2010

SOUTHERN COPPER CORP/

0001001838
10-K
2009-12-31
false
--12-31
Yes
No
Yes
Large Accelerated Filer

Jun. 30, 2009

$3,475
850,000,000