ABOUT
AMC

INVESTMENTS

Grupo México’s Mining Division is represented by its subsidiary AMC, whose main subsidiariesare Southern Copper Corporation (SCC) in México and Perú, ASARCO in the United States and Minera Los Frailes in Spain.

> Leader in copper mining

> Copper producer with the highest organic growth

> Largest copper reserves and mineral resources in the world

> Lowest production costs globally

> Best portfolio of growth projects with diversified assets

We have 14 mines, three metallurgical complexes, and exploration projects in México, Perú, the United States, Spain, Chile, Ecuador and Argentina

HIGHLIGHT PROJECTS

ASARCO, ARIZONA
PROJECTS IN THE UNITED STATES

Ray

Construction of the aqueduct to carry water from Hayden was completed.
• Expansion of tailings dam in progress.
• Rehabilitation of the copper electrolytic plant.

Hayden
• Construction of the rockfill to reinforce and stabilize to the AB-BC tailings storage dams
near the Gila River is in progress.
• We are in the process of constructing a plant to process and recover stored slag

PROJECTS IN SPAIN
Mine Los Frailes

• Location: Municipality of Aznalcóllar, Province of Seville, Andalucía

• Project progress:

Feasibility study completed with attractive results.

- We continue with the project’s technical progress, including the development of
detailed engineering.

- Working on initiatives to optimize production processes and improve energy efficiency
with renewable technologies.

MÉXICO, ZACATECAS
CHALCHIHUITES

• Skarn type deposit.

• Drilling programs carried out between 1980 and 2014 identified 12.6 million tons of
ore with an average silver content of 110 grams per ton, 2.66% zinc, 0.37% lead and 0.67% copper.

• In 2022, metallurgical testing of cronos ore body will continue, with a complex mix of sulfides and zinc oxides, with the possibility of silver recovery.

• A 5-thousand-meter drilling program is planned for 2022, in the southeast part of the project, in Virgen Morena, which is likely to host epithermal veins.

SONORA, MÉXICO
BELLA UNIÓN (LA CARIDAD),

• A breccia-type satellite deposit with copper and molybdenum mineralization is located less than one kilometer from the southern limit of La Caridad pit.

• Between 2016 and 2020, we carried out a 75-thousand-meter drilling program to define the geometry of the deposit.

• 61 million tons of copper sulfides grading 0.67% copper and 69 million tons of leachable ore grading 0.20% copper have been identified.

• With this discovery, La Caridad mine will have grades above 0.50% copper in future years

APURÍMAC, PERÚ
LOS CHANCAS

• Porphyry copper and molybdenum deposit located in the department of Apurímac in southern Perú.

• 545 million tons of mineralized rock with a copper content of 0.59%, 0.04% molybdenum and 0.039 grams of gold per ton.

• 181 million tons of leached mineralized rock with 0.357% copper

CHILE
MONTONERO PROJECT (EL SALADO)

• Located in the Atacama Region of northern Chile, this is a copper and gold project.

• The project’s pre-feasibility study is scheduled to be completed by the first quarter of 2022.

ECUADOR
COPPER ROUTE PROJECT

• Located west of the city of Cuenca and south of Guayaquil. The mineralization is characteristic of a porphyry copper and molybdenum system explored since 2014.

• In 2021, the entire drilling program aimed at evaluating the resource was completed, totaling 121 thousand meters; information with which the project’s feasibility study was initiated.

• The feasibility study is expected to be completed at the beginning of the second quarter of 2022.

ARGENTINA
CAÑADÓN DEL MORO PROJECT

• Located in the Province of Río Negro. Low sulfuration epithermal deposit, with veins that
accumulate a total of 7.6 km.

• To date, drilling has defined an epithermal silver deposit with a potential of economic
interest with grades over 9.4 Onz/Ag.

• By 2022, we expect to increase the resource estimate and define project’s viability