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    Emerson VerrierGoldman Sachs

    Emerson Verrier's questions to Southern Copper Corp (SCCO) leadership

    Emerson Verrier's questions to Southern Copper Corp (SCCO) leadership • Q1 2025

    Question

    Emerson Verrier of Goldman Sachs asked about the specifics of COMEX-based contracts and whether clients were seeking renegotiation, and also requested an update on community relations and agreements for the Tia Maria project.

    Answer

    Raul Jacob (executive) declined to comment on the specifics of commercial contracts or client discussions. On Tia Maria, he reiterated that the local population is largely supportive and focused on the project's benefits, with protests being minimal and not a significant concern for the company as it proceeds with construction.

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    Emerson Verrier's questions to Southern Copper Corp (SCCO) leadership • Q1 2025

    Question

    Emerson Verrier of Goldman Sachs inquired about the commercial implications of the COMEX-LME price arbitrage, including contract structures and potential renegotiations, and asked for an update on community relations in Peru, particularly for the Tia Maria project.

    Answer

    Executive Raul Jacob declined to comment on specific commercial contract details, stating those are handled by the commercial team. Regarding Tia Maria, he reiterated that the project enjoys strong local support, with the community focusing on its economic benefits, and that protests are not a significant concern.

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