Investment Program to Significantly Increase Production

COMPANY PRESENTATION C1+ Susts Cash Cost (c/lb Cu) Copper Mine Composite Costs Curve 2022 COPPER MINE, COMPOSITE, C1 + SUST CAPEX GROUPED BY COMPANY AND RANKED BY C1 + SUST CAPEX Southern Copper 400 C1+ Sust Capex 300 Anglo American plc First Quantum Minerals Antofagasta plc Codelco Cerro Verde BHP Group KGHM Polska Teck 200 Southern Copper (ex SPCC) Vale Freeport- McMoRan Miedz Glencore 100 0 15 Source: Wood Mackenzie Ltd. Dataset: 2021 Q4 10,000 20,000 30,000 40,000 Paid Metal (Mlbs) Asarco

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