On the Record · Southern Copper
Southern Copper acquisitions, on the record
The businesses Southern Copper bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Minera Mexico, S.A. de C.V.Word for word“In April 2005, we acquired Minera Mexico, from Americas Mining Corporation (“AMC”), a subsidiary of Grupo Mexico, our controlling stockholder.” 10-K for 2023 | acquisition | April 2005 | — |
Tia Maria projectWord for word“In June 2018, Southern Copper purchased the project from Activos Mineros S.A.C. for a total purchase price of $400 million and made an initial payment of $12.5 million.” 10-K for 2023 | acquisition | June 2018 | $400 million |
Buenavista mining assetsWord for word“In 1990, through a public auction procedure, Minera Mexico acquired 100% of the Buenavista mining assets for $475 million.” 10-K for 2023 | acquisition | 1990 | $475 million |
Interest in the Buenavista mine (third party interest)Word for word“Goodwill includes $ 17.0 million generated in 1997 as a result of purchasing a third party interest in the Buenavista mine.” 10-K for 2023 | acquisition | 1997 | — |
Michiquillay copper projectWord for word“In June 2018, the Company signed a contract for the acquisition of the Michiquillay copper project in Cajamarca, Peru, at a purchase price of $ 400 million.” 10-K for 2023 | agreed acquisition | June 2018 | $ 400 million |
Minera MexicoWord for word“In April 2005, we acquired Minera Mexico, from Americas Mining Corporation (“AMC”), a subsidiary of Grupo Mexico, our controlling stockholder.” 10-K for 2024 | acquisition | April 2005 | — |
third party interest in the Buenavista mineWord for word“Goodwill includes $ 17.0 million generated in 1997 as a result of purchasing a third party interest in the Buenavista mine.” 10-K for 2024 | acquisition | 1997 | $ 17.0 million |
Tia Maria project, purchased from Activos Mineros S.A.C.Word for word“In June 2018, Southern Copper purchased the project from Activos Mineros S.A.C. for a total purchase price of $400 million and made an initial payment of $12.5 million.” 10-K for 2024 | acquisition | June 2018 | $400 million |
Michiquillay copper project, Cajamarca, PeruWord for word“In June 2018, the Company signed a contract for the acquisition of the Michiquillay copper project in Cajamarca, Peru, at a purchase price of $ 400 million.” 10-K for 2024 | acquisition | June 2018 | $ 400 million |
Michiquillay projectWord for word“In June 2018, the Company signed a contract for the acquisition of the Michiquillay copper project in Cajamarca, Peru, at a purchase price of $ 400 million.” 10-K for 2025 | acquisition | June 2018 | $ 400 million |
Deal filings since 2016
Read from Southern Copper’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.