Company: SCCO
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001558370-25-004735
Chunk: 34

Company: SOUTHERN COPPER CORP/
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 34
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 | ​ | $ |        — | ​ | $               | 132,408 | ​ | $     |   222,886 |

| (a) | Compensation for all of our Peruvian and Mexican employees is denominated, respectively, in Peruvian Soles and Mexican Pesos. We convert the Peruvian Soles and Mexican Pesos into U.S. dollars using the average exchange rate for the applicable period. The average rate in 2024 for Peruvian Soles was 3.757 Soles for each U.S. dollar. The average rate in 2024 for Mexican Pesos was 18.30 Mexican Pesos for each U.S. dollar. |

| (b) | The $93,523 cash bonus amount of Mr. Jorge Lazalde in 2024 reflects the $75,985 cash bonus paid under the Executive Stock Purchase Plan. |

| (c) | All Other Compensation for Mr. González Rocha consists mainly of: |

| (i) | Cash Compensation Mandated by Peruvian Law: |

| · | $328,882 in 2024 as profit sharing in the profits of our Peruvian Branch; |

| · | $101,557 in 2024 as Peruvian legal holiday, Labor Day and Miners’ bonuses; |

| · | $57,926 in 2024 as termination of employment or CTS; and |

| · | Family Assistance |

| (ii) | Cash Compensation Under Company Sponsored Programs: |

| · | $36,310 as a vacation bonus and travel in 2024; |

| · | $87,144 in 2024 as five percent benefit or Quinquenio; and |

| · | 2024 Compensation under other Company sponsored programs. |

| (iii) | Other Benefits: |

| · | $42,000 for the use of our corporate Lima residence and minor subsidies for medical benefits and a business club membership in 2024. |

| (iv) | Affiliate Director’s Fees: |

| · | $25,200 in 2024 as director’s fees for services in Coimolache. The Company has a 44.2% participation in Coimolache. |

All Other Compensation for Mr. Raúl Jacob consists mainly of:

| (i) | Cash Compensation Mandated by Peruvian Law: |

| · | $137,539 in 2024 as profit sharing in the profits of our Peruvian Branch; |

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