Company: SCCO
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001558370-25-002017
Chunk: 35

Company: SOUTHERN COPPER CORP/
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7A
Chunk 35
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  20.584​Closing exchange rate  20.268  16.894  19.362​Appreciation/(devaluation)  (20.0)%   12.7% 5.9%

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Change in monetary position:

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Assuming an exchange rate variance of 10% at December 31, 2024, we estimate our net monetary position in Peruvian sol and Mexican peso would increase (decrease) our net earnings as follows:

​​​​​    Effect in net​ earnings​ ($ in millions)Appreciation of 10% in U.S. dollar vs. Peruvian sol​$ 33.9Devaluation of 10% in U.S. dollar vs. Peruvian sol​$ (41.4)Appreciation of 10% in U.S. dollar vs. Mexican peso​$ (9.3)Devaluation of 10% in U.S. dollar vs. Mexican peso​$ 11.3

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The net monetary position is net of those assets and liabilities that are sol or peso denominated as of December 31, 2024.

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Short-term investments:

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For additional information on our trading securities and available-for-sale investments, refer to Note 3 Short-term Investments in Part II, Item 8 of this annual report.