SCCO Southern Copper Corp

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

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FORM SD

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SPECIALIZED DISCLOSURE REPORT

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SOUTHERN COPPER CORPORATION

(Exact name of registrant as specified in its charter)

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7310 North 16th St, Suite 135 Phoenix, AZ 85020

(Address of principal executive offices, including zip code)

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Raul Jacob (602) 264-1375 Extension 1

(Name and telephone number, including area code, of the person to contact in connection with this report)

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Check the appropriate box to indicate the rule pursuant to which this Form is being submitted, and provide the period to which the information in this Form applies:

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Section 1 - Conflict Minerals Disclosure

Item 1.01Conflict Minerals Disclosure and Report

Not applicable.

Item 1.02Exhibit

Not applicable.

Section 2 - Resource Extraction Issuer Disclosure

Item 2.01Resource Extraction Issuer Disclosure and Report

Disclosure of Payments by Resource Extraction Issuers.

The specified payment disclosure required by this Item 2.01 is included as Exhibit 99.1 on this Form SD.

The information furnished pursuant to Item 2.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

Section 3 - Exhibits

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SOUTHERN COPPER CORPORATION

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October 1, 2024

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Exhibit 99.1

REPORT ON PAYMENTS TO GOVERNMENTS FOR THE YEAR ENDED DECEMBER 31, 2023

This exhibit to Form SD provides a consolidated overview of the payments to governments made by Southern Copper Corporation and its consolidated subsidiaries (“SCC” or “the Company”) for the fiscal year ended December 31, 2023. The information within this report, including this exhibit, has been prepared and is presented in accordance with the requirements of Section 13(q) of the Securities Exchange Act of 1934, as amended, and Rule 13q-1 and Form SD promulgated thereunder (collectively, “the Rules”). Because the scope and basis for preparation of this exhibit to Form SD is in accordance with the Rules, amounts reported herein may be different from disclosures in SCC's other publicly available reports, including those found within SCC’s periodic reports filed with the U.S. Securities and Exchange Commission.

Management identifies three reportable segments and manages each as a separate segment.

The three segments identified are groups of individual mines, each of which constitutes an operating segment with similar economic characteristics, product types, processes and support facilities, regulatory environments, employee bargaining contracts and currency risks. In addition, each mine within the individual group earns revenues from similar types of customers for their products and services and each group incurs expenses independently, including commercial transactions between groups. Intersegment sales are based on arm’s length prices at the time of sale. These may not be reflective of actual prices realized by the Company due to various factors, including additional processing, timing of sales to outside customers and transportation cost. Information regarding the Company’s sales is included in the segment data. The segments identified by the Company are:

We conduct exploration activities in Peru and Mexico and in small scale in Argentina, Chile and Ecuador.

Payments

Payments are disclosed on a cash basis according to the year during which the payment was made (rather than on an accrual basis). Only the class of payments as defined by the Rules made by SCC during the reporting period are presented.

Currency

All payments are reported in U.S. dollars (USD), which is SCC’s functional currency. Payments that were made in currencies other than U.S. dollars have been converted to U.S. dollars using the exchange rates as of the payment date. Accordingly, payments to Peruvian Governments were made in Peruvian Soles, payments to Mexican Governments were made in Mexican Pesos, Ecuadorian payments to Governments were made in U.S. dollars and finally payments to Chile and Argentina Governments were made in Chilean and Argentinian Pesos, respectively.

Projects

Payments are grouped into projects in the following tables below, which, in accordance with the Rules, are defined as the combination of the (i) country and major subnational political jurisdiction where the commercial development of the resource is taking place, (ii) type of resource being commercially developed, and (iii) method of extraction. The resources being extracted are all minerals.

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PAYMENTS TO GOVERNMENTS (1)

FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023

in U.S. Dollars

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SUMMARY OF PAYMENT TO GOVERNMENTS BY JURISDICTION

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Notes: