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SOUTHERN COPPER CORP/SCCO

Sector
Other
Industry
Metal Mining
Exchange
NYSE

Stock Price $SCCO

Latest filings

You are here#2 of 15 in Materials by market cap

Filing record · 2016–202610-K1510-Q328-K86

SCCO filed 15 annual reports (10-K), 32 quarterly reports (10-Q) and 86 current reports (8-K) between 2016 and 2026.

  1. FY2018 annual report10-K · Mar ’19Mar ’19
  2. Leadership change8-K · Jul ’21Jul ’21
  3. Leadership change8-K · Jul ’25Jul ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  17. $13.42B
YoY changeLargest recent move+36.9%in FY21Latest +17.4%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

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All SCCO Financial Metrics58 metrics

Income Statement14

Balance Sheet25

Cash Flow14

Per Share5

02—Overview

SOUTHERN COPPER CORP/ Financial Overview 2021–2025

Updated Jul 10, 2026

Southern Copper Corporation dramatically slashed its operating cash costs to just $0.58 per pound of coppera in FY2025, leveraging a surge in by-product revenues to insulate its margins from mining sector inflation. This distinct structural advantage forms the core investment thesis: the company translates a massive asset base and strict cost discipline into highly leveraged cash flows, capitalizing on rising global metals demand to simultaneously fund aggressive capacity expansion and shareholder payouts. This efficiency anchored a cycle of heavy top-line expansion, as net sales grew from $10.9 billion in FY2021 to a record $13.42 billion in FY2025.

The broader portfolio provided significant operational leverage as net income surged by 28.4% to $4.33 billionb in FY2025. Much of this profitability was fueled by the Buenavista concentrator, which drove a 98.5% spike in zinc production during FY2024 and a further 36.1% increase in FY2025. The company exited the year with $4.3 billion in cash and equivalents, providing ample liquidity to absorb an unexpected leadership transition following its CEO's passing in April 2026 while greenlighting a $1.93 billion capital investment program for 2026. Rewarding this record profitability and the long-awaited authorization of the Tía María project, the market valued the stock at $140.92 at the close of FY2025, trading at 26.9x earnings against $5.24 in EPS.

Recent Developments (Q4 2025 and Q1 2026)

Southern Copper carried its momentum into Q1 2026, generating a 36.2% year-over-year surge in net sales to $4,251.4 millionc. Operating income jumped 61.5% to $2,480.4 million, propelled by soaring global metal prices, including a massive 157.9% increase in realized silver prices. The company officially appointed Leonardo Contreras Lerdo de Tejada as its new CEO on April 23, 2026, solidifying leadership after a sudden transition earlier that month.

To finance ongoing expansion, the company priced $1.25 billiond in 5.350% senior notes due 2036 in June 2026, directly targeting Tía María's physical development. Bulls point to explosive profitability growth and immense by-product pricing leverage supporting future dividends. Conversely, bears note a 4.0% drop in Q1 2026 copper mine production to 508.3 million pounds due to lower ore grades, questioning whether the stock is richly valued at 32.4x earnings as of April 30, 2026.

What to watch: progress on the Tía María buildout utilizing the newly raised debt capital; stabilization of copper ore grades across key legacy mines

03—Filings

Recent SEC Filings

  1. 8-KSOUTHERN COPPER CORP/ 8-K Report, Financial Results (Oct 21, 2026)Southern Copper Corporation (SCCO) has reported strong financial results for the third quarter of 2026, with record-breaking net sales, net income, and adjusted EBITDA, driven by favorable metal prices across its product lines and a slight increase in zinc sales volume. This performance reflects significant year-over-year growth, with net sales up 39.1% and net income soaring by 62.7% compared to the third quarter of 2025. The company also announced a quarterly cash dividend of $1.30 per share and a stock dividend of 0.0106 shares per share, underscoring its commitment to returning value to shareholders. SCCO continues to advance its long-term growth strategy, with major capital investments in its Peruvian and Mexican projects, including the Tia Maria and El Pilar projects, which are expected to significantly increase future copper production capacity. The company is also focused on operational efficiency, evident in the substantial decrease in its operating cash cost per pound of copper, largely due to increased by-product revenue credits.
  2. 8-KSOUTHERN COPPER CORP/ 8-K Report, Financial Results (Jul 22, 2026)Southern Copper (SCCO) reported record second-quarter 2026 results, with net sales of $4,289.0 million (up 40.6% year over year), net income of $1,670.0 million (up 71.6%, a 38.9% margin), and adjusted EBITDA of $2,856.0 million (up 59.5%, a 66.6% margin). The growth was driven mainly by sharply higher metal prices: LME copper rose 39.8%, molybdenum 43.1%, zinc 30.8%, and silver 118.6% year over year. Copper sales volumes fell 1.5% and copper mined output dropped 3.5% quarter over quarter, with Peruvian production down 12.0%. Operating cash cost net of by-product credits was just $0.05 per pound in Q2, reflecting strong by-product revenue. Cash generation and balance sheet strength stood out. Six-month operating cash flow rose 116.9% to $3,683.0 million, helped by a $718.5 million smaller working capital drag. Cash and short-term investments reached about $7.33 billion at June 30, 2026, against $7,994.4 million of long-term debt, after the company issued $1.25 billion of 10-year notes at 5.350% in June to fund the Tía María project and other SPCC capital needs. Capital investments are rising, with a decade-long program above $20.5 billion, including roughly $10.3 billion in Peruvian projects and $10.2 billion in Mexican investments. The Board declared a quarterly cash dividend of $1.10 per share plus a stock dividend of 0.0120 shares per share, for an estimated total of $3.23 per share, payable August 27, 2026 to holders of record on August 11, 2026. The filing is a Form 8-K furnished under Item 2.02, so the press release is not deemed "filed" for Section 18 purposes. Management also signaled support for the incoming Peruvian administration. The main risks flagged are the Peru project pipeline's dependence on permitting and political transition, the Peruvian production decline, and the company's heavy exposure to metal price swings.
  3. 8-KSOUTHERN COPPER CORP/ 8-K Report, Shareholder Vote Results (Jul 17, 2026)Southern Copper Corporation (SCCO) filed an 8-K on July 17, 2026, detailing the outcomes of its 2026 Annual Meeting of Stockholders held on May 29, 2026. The meeting saw strong participation, with approximately 97.35% of outstanding voting shares represented. Key resolutions passed overwhelmingly, including the election of all eight director nominees and the ratification of the appointment of Galaz, Yamazaki, Ruiz Urquiza S.C. (a Deloitte Touche Tohmatsu Limited member firm) as the independent accountants for calendar year 2026. Furthermore, the company's executive compensation was approved by a significant non-binding advisory vote. The high voting turnout and decisive approval of these proposals indicate strong shareholder confidence in the current board of directors, auditing firm, and executive compensation structure.
  4. 8-KSOUTHERN COPPER CORP/ 8-K Report, Corporate Update (Jun 26, 2026)Southern Copper Corporation (SCCO) filed a Form 8-K on June 26, 2026 under Item 8.01 (Other Events) to furnish a press release from its Peruvian branch, Southern Peru Copper Corporation (SPCC), announcing it raised US$1.25 billion through a New York bond offering. The proceeds are primarily earmarked for development of the Tía María copper project. The notes carry a 5.35% annual coupon and mature in 2036. The filing is informational: it contains no earnings, guidance, or material financial statement data, and the company states the information is furnished rather than filed under Section 18 of the Exchange Act. The Tía María project, located in Arequipa, is expected to produce 120,000 metric tons per year of refined copper using SX-EW technology, with operations beginning in the third quarter of 2027. The total capital budget is US$1.8 billion, of which US$948 million has already been committed, so the new financing covers a substantial share of the remaining requirement. Management cites projected 20-year export revenues of about US$24.1 billion and US$6.2 billion in taxes and royalties at current copper prices, though these are forward-looking estimates tied to copper price assumptions. For investors, the key takeaways are that SCCO's Peruvian growth pipeline is being funded through debt capital markets and that the Tía María timeline is advancing. The release also references the Michiquillay project (about 225,000 tpy of copper, first production targeted for 2032, roughly US$2.5 billion capex). Because the notes were issued by a Peruvian branch, the release does not specify whether they are guaranteed by the parent, and the filing does not discuss how the added debt affects SCCO's consolidated leverage.
  5. 8-KSOUTHERN COPPER CORP/ 8-K Report, Material Agreement (Jun 25, 2026)Southern Copper Corporation (SCCO) has successfully completed a registered public offering, raising approximately U.S.$1.241 billion in net proceeds through the sale of U.S.$1.25 billion aggregate principal amount of 5.350% notes due 2036. This issuance, detailed in an 8-K filing dated June 25, 2026, aims to bolster the company's financial position and fund key strategic initiatives. The net proceeds are earmarked for significant development projects, including the Tia Maria project, capital expenditures for its Peruvian operations (SPCC), and general corporate purposes. This move signals SCCO's commitment to expanding its operations and managing its financial resources effectively to support its long-term growth strategy.
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04—See also

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