Company: SCCO
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001558370-25-005975
Chunk: 26

Company: SOUTHERN COPPER CORP/
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 26
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$ 0.1​$ 0.2​​Weighted average interest rate ​  0.8%    0.9%​Total​$ 218.2​$ 245.3​​​Trading securities consisted of bonds issued by public companies and were publicly traded. Each financial instrument was independent of the others. The Company had the intention to sell these bonds in the short-term.​Available-for-sale investments consist of securities issued by public companies. Each security is independent of the others and as of March 31, 2025, and December 31, 2024, included asset and mortgage-backed obligations. As of March 31, 2025 and December 31, 2024, gross unrealized gains and losses on available-for-sale securities were not material.​The Company earned interest related to these investments, which was recorded as interest income in the condensed consolidated statement of earnings. Also, the Company redeemed some of these securities and recognized gains (losses) due to changes in fair value, which were recorded as other income (expense) in the condensed consolidated statement of earnings.​