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SOUTHERN COPPER CORP/ (SCCO)

Earnings summaries and quarterly performance for SOUTHERN COPPER CORP/.

Recent press releases and 8-K filings for SCCO.

Southern Copper Forecasts Robust 2025 Performance and Long-Term Production Increase
SCCO
Earnings
Guidance Update
New Projects/Investments
  • Southern Copper (SCCO) projects Net Revenues of $11,725 million and EBITDA of $6,573 million for 2025, with an EBITDA margin of 56%. The company also forecasts a cash cost of $0.61 per pound for 9M 2025.
  • SCCO holds the highest copper reserves of any listed company with 51.1 million metric tons as of December 31, 2024. The company anticipates copper production of 959 kilotons in 2025, with a forecast to reach 1.6 million tons by 2033.
  • The company has an extensive investment program with projected capital expenditures of $1,384.2 million for 2025 and a total of $22,572 million from 2024 to 2034 to significantly increase production.
  • The copper market is expected to face a deficit of 100 kilotons in 2025, with inventories at a low level, supporting long-term copper demand driven by energy transition and AI technologies.
Nov 6, 2025, 11:00 PM
Southern Copper Reports Record Q3 2025 Results and Updates Production Guidance
SCCO
Earnings
Guidance Update
New Projects/Investments
  • Southern Copper reported record financial results for Q3 2025, with net sales of $3.4 billion, adjusted EBITDA of $1.975 billion (up 17%), and net income of $1.108 billion (up 23%).
  • In Q3 2025, copper production decreased 7% to 234,892 tons due to lower ore grades, while byproduct production saw significant increases, with zinc up 46%, silver up 16%, and molybdenum up 8%. The company achieved an operating cash cost of $0.42 per pound of copper (including byproduct credits), a 34% decrease from the prior year.
  • The company forecasts 960,000 tonnes of copper production for 2025 and approximately 911,000 tonnes for 2026. The Tia Maria project is 23% complete, has received authorization to begin exploitation activities, and is expected to commence operations and ramp up in 2027. Total CapEx for 2026 is projected at $2 billion, with $866 million allocated to Tia Maria.
Oct 29, 2025, 3:00 PM
Southern Copper Corporation Reports Record Q3 2025 Financial Results
SCCO
Earnings
Dividends
New Projects/Investments
  • Southern Copper Corporation (SCCO) achieved record net sales of $3,377.3 million in 3Q25, a 15.2% increase over 3Q24, primarily due to higher sales volumes of silver, molybdenum, and zinc, and improved metal prices.
  • The company reported record net income of $1,107.6 million in 3Q25, up 23.5% from 3Q24, with the net income margin rising to 32.8%. Adjusted EBITDA also reached a record $1,975.4 million, a 17.3% increase from 3Q24.
  • Copper production decreased by 6.9% in 3Q25 to 234,892 tonnes compared to 3Q24, attributed to lower ore grades in Mexican and Peruvian operations. Conversely, by-product production significantly increased, with mined zinc up 46.3%, silver up 16.4%, and molybdenum up 8.3%.
  • The Board of Directors authorized a quarterly cash dividend of $0.90 per share and a stock dividend of 0.0085 shares per share, payable on November 28, 2025.
  • Capital investments in 3Q25 increased 41.7% to $349.2 million, with the Tia Maria project in Peru showing 23% progress as of September 30, 2025.
Oct 29, 2025, 12:35 AM
Southern Copper shares rise as global copper prices surge on Indonesian mine disruption
SCCO
New Projects/Investments
Revenue Acceleration/Inflection
  • A deadly mudslide at Indonesia's Grasberg mine, the world's second-largest copper mine, has halted shipments and led to a force majeure, tightening global copper supply forecasts for 2025 and 2026.
  • Copper futures have surged 18.5% this year, reaching a 15-month high of $10,485 per metric ton, boosting shares of U.S.-listed copper miners like Southern Copper.
  • The weaker U.S. dollar and China's lowered production growth targets for non-ferrous metals have further contributed to copper price volatility and increased manufacturing costs globally.
Sep 29, 2025, 10:42 AM
Southern Copper Corp 2025 Annual Meeting Vote Outcomes
SCCO
Proxy Vote Outcomes
Executive Compensation
  • Southern Copper Corp held its 2025 Annual Meeting on May 23, 2025 with 796,182,905 eligible shares and achieved approximately 97.05% voter participation.
  • The 8‑K filing details the outcomes for proposals on director elections, amendment and extension of the Directors’ Stock Award Plan, ratification of the appointment of Deloitte’s audit firm, and a non‑binding vote on executive compensation.
  • The report, signed by Andres C. Ferrero, confirms the official and authorized submission of these vote outcomes.
May 29, 2025, 12:00 AM