Gabriel Simoes's questions to Southern Copper Corp (SCCO) leadership • Q3 2024
Question
Gabriel Simoes inquired about the disparity between copper production and sales in Q3, asking if this gap would reverse in Q4. He also asked for an update on the Tia Maria project regarding recent protests, progress, and local community support.
Answer
Executive Raul Jacob explained that the production-sales gap is due to material-in-process at smelters and should close shortly, with a reversion targeted for Q4. Regarding Tia Maria, he noted that recent protests were against the government, not the project, and that the company's 400+ employees are working without interruption as they move forward with a newly approved budget.