Sign in

You're signed outSign in or to get full access.

SOUTHERN COPPER CORP/ (SCCO)

--

Earnings summaries and quarterly performance for SOUTHERN COPPER CORP/.

Research analysts who have asked questions during SOUTHERN COPPER CORP/ earnings calls.

TT

Timna Tanners

Wolfe Research

6 questions for SCCO

Also covers: AA, AMRZ, ATI +20 more
AA

Alejandro Anibal Demichelis

Jefferies

5 questions for SCCO

Also covers: CAAP, GPRK, SQM +2 more
AS

Alfonso Salazar

Scotiabank

5 questions for SCCO

Also covers: SUZ, TX
MA

Myles Allsop

UBS Group AG

5 questions for SCCO

Also covers: BHP, GLNCY, RIO +2 more
Carlos de Alba

Carlos de Alba

Morgan Stanley

3 questions for SCCO

Also covers: AA, AR, BVN +13 more
DF

David Feng

CICC

3 questions for SCCO

JT

John Tumazos

John Tumazos Very Independent Research

3 questions for SCCO

Also covers: AA, AEM, ASM +13 more
JB

Jonathan Brandt

HSBC

3 questions for SCCO

Also covers: SUZ
TF

Tingshuai Feng

China International Capital Corporation

3 questions for SCCO

AH

Alex Hacking

Citigroup

2 questions for SCCO

Also covers: AA, ARCH, CLF +8 more
Emerson Verrier

Emerson Verrier

Goldman Sachs

2 questions for SCCO

EV

Emerson Vieira

Goldman Sachs

2 questions for SCCO

Also covers: SQM, TX
Juraj Domic

Juraj Domic

LarrainVial

2 questions for SCCO

Also covers: SQM
MM

Matheus Moreira

Bradesco BBI

2 questions for SCCO

Also covers: NEXA
GS

Gabriel Simoes

Goldman Sachs Group, Inc.

1 question for SCCO

Hernan Kisluk

Hernan Kisluk

MetLife

1 question for SCCO

Also covers: NEXA
IS

Ian Snyder

JPMorgan Chase & Co.

1 question for SCCO

Also covers: AZUL
MF

Marcio Farid Filho

Goldman Sachs

1 question for SCCO

Also covers: CSNA3.SA, ERO, GGB +5 more
PP

Pablo Peregrina

Banco Bilbao Vizcaya Argentaria, S.A.

1 question for SCCO

Rafael Barcellos

Rafael Barcellos

Bradesco BBI

1 question for SCCO

Also covers: CSNA3.SA, GGB, SUZ +2 more
RC

Regina Carrillo Villasana

GBM

1 question for SCCO

SM

Sofía Martin

GBM

1 question for SCCO

Recent press releases and 8-K filings for SCCO.

Southern Copper Corporation Reports Record 2025 Financial Results and Dividend Authorization
SCCO
Earnings
Dividends
New Projects/Investments
  • Southern Copper Corporation (SCCO) achieved record net sales of $13,420.0 million for 2025, a 17.4% increase over 2024, and record net income of $4,334.9 million, up 28.4% from the previous year.
  • Adjusted EBITDA also hit a record high of $7,822.4 million in 2025, reflecting a 22.1% increase over 2024.
  • The company reported a significant reduction in its operating cash cost per pound of copper, net of by-product revenue credits, to $0.58 in 2025, a 33.7% decrease from $0.89 in 2024.
  • The Board of Directors authorized a quarterly cash dividend of $1.00 per share, payable on February 27, 2026.
  • The Tía María project was 24% complete by the end of 2025, with $0.8 billion committed, and is projected to start operations in 2027.
Jan 28, 2026, 10:21 PM
SCCO Reports Strong Q4 and Full-Year 2025 Financial Results
SCCO
Earnings
Dividends
New Projects/Investments
  • Southern Copper Corporation reported robust Q4 2025 financial results, with Net Sales increasing 39% to $3,870 million and Net Income rising 65% to $1,308 million compared to Q4 2024. For the full year 2025, Net Sales grew 17% to $13,420 million and Net Income increased 28% to $4,335 million.
  • EBITDA for Q4 2025 was $2,311 million, a 53% increase from Q4 2024, while Cash Cost decreased 46% to $0.52 per unit.
  • The company experienced production increases across key metals in Q4 2025 compared to Q4 2024, including Copper (1%), Molybdenum (10%), Silver (15%), and Zinc (7%). The LME Copper Price rose to $5.03 in Q4 2025, and a market deficit is expected in 2026 driven by higher demand from decarbonization technologies, AI, and EVs.
  • Southern Copper announced an Annual Dividend Yield of 6.5% for 2025 and is undertaking significant capital investments in projects such as Tia Maria ($1.8B) and Los Chancas ($2.6B).
Jan 28, 2026, 3:00 PM
Southern Copper Corporation Reports Record 2025 Financial Results and Provides Production Guidance
SCCO
Earnings
Guidance Update
New Projects/Investments
  • Southern Copper Corporation reported record net sales of $13.4 billion, Adjusted EBITDA of $7.8 billion, and net income of $4.3 billion for the full year 2025, representing increases of 17%, 22%, and 28% respectively over 2024.
  • Copper production for 2025 decreased by 1.8% to 956,270 tons, and the company expects to produce 911,400 tons in 2026, a 4.7% decrease. Long-term guidance includes 970,000 tons in 2028 (with full year Tia Maria) and 1,060,000 tons in 2029 and 2030.
  • The Tia Maria project, with an estimated capital budget of $1.8 billion, was 24% complete by the end of 2025 and is projected to start operations in 2027, producing 30,000 tons in the second half of 2027 and 120,000 tons per year from 2028. The company expects to spend $508 million on Tia Maria in 2026.
  • A quarterly cash dividend of $1 per share and a stock dividend of 0.0085 shares of common stock per share was announced, payable on February 27, 2026.
  • Operating cash cost per pound of copper before by-product credit was $2.17 per pound in 2025, and operating costs are expected to be relatively flat on a per-pound basis for the year ahead.
Jan 28, 2026, 3:00 PM
Southern Copper Corporation Reports Record 2025 Financial Results and Provides Production Guidance
SCCO
Earnings
Guidance Update
New Projects/Investments
  • Southern Copper Corporation achieved record-high net sales of $13.4 billion, Adjusted EBITDA of $7.8 billion, and net income of $4.3 billion for the full year 2025, representing increases of 17%, 22%, and 28% respectively over 2024.
  • Copper production for 2025 was 956,270 tons, a 1.8% decrease from the prior year. The company forecasts a 4.7% decrease to 911,400 tons in 2026, but anticipates an increase to 970,000 tons in 2028 and 1,060,000 tons in 2029 and 2030.
  • The Tia Maria project was 24% complete by the end of 2025, with an estimated capital budget of $1.8 billion. Operations are expected to begin in 2027, contributing 30,000 tons in the second half of that year, and 120,000 tons annually from 2028 onwards.
  • The company announced a quarterly cash dividend of $1 per share of common stock and a stock dividend of 0.0085 shares of common stock per share, payable on February 27, 2026.
Jan 28, 2026, 3:00 PM
Southern Copper Corporation Reports Record 2025 Financial Results and Provides Production Guidance
SCCO
Earnings
Guidance Update
New Projects/Investments
  • Southern Copper Corporation achieved record high net sales of $13.4 billion, Adjusted EBITDA of $7.8 billion, and net income of $4.3 billion for the full year 2025, representing increases of 17%, 22%, and 28% respectively over 2024.
  • For 2025, copper production was 956,270 tons, a 1.8% decrease from 2024, while molybdenum production increased by 7% to 31,200 tons, and silver production rose by 15% to 24 million ounces. The company expects to produce 911,400 tons of copper in 2026, a 4.7% decrease compared to 2025, and provided long-term copper production guidance reaching 1,060,000 tons by 2029-2030.
  • The Tia Maria project was 24% complete by the end of 2025, with an estimated capital budget of $1.8 billion. Operations are expected to begin in 2027, producing 30,000 tons in the second half of that year, and reaching full capacity of 120,000 tons per year from 2028 onwards.
  • On January 22, 2026, Southern Copper Corporation announced a quarterly cash dividend of $1 per share and a stock dividend of 0.0085 shares of common stock per share, payable on February 27, 2026.
Jan 28, 2026, 3:00 PM
Southern Copper Reports Record 4Q25 and Full-Year 2025 Results
SCCO
Earnings
Revenue Acceleration/Inflection
  • Southern Copper announced record net sales of $3.87 billion for 4Q25 and $13.42 billion for full-year 2025, driven by higher volumes and better prices.
  • The company achieved record net income of $1.308 billion in 4Q25 and $4.335 billion for 2025, with net income margins improving to 33.8% in 4Q25 (from 28.5% in 4Q24) and 32.3% for 2025 (vs. 29.5% in 2024).
  • Adjusted EBITDA reached $2.31 billion in 4Q25 and $7.822 billion for 2025, with adjusted EBITDA margins of 59.7% and 58.3% respectively.
  • Cash flow from operating activities in 2025 was $4,752.1 million, marking a 7.5% increase year-over-year.
  • Shares have surged 26% in the last month and 107% year-over-year, leading to a high P/E near 40.4x.
Jan 27, 2026, 10:47 AM
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

Quarterly earnings call transcripts for SOUTHERN COPPER CORP/.