SOUTHERN COPPER CORP/SCCO
SOUTHERN COPPER CORP/ Financial Overview 2020–2024
Southern Copper Corporation defied industry-wide inflationary pressures by driving operating cash costs down to $0.61 per pound during the first nine months of 2025. This aggressive operational efficiency, paired with the successful ramp-up of the Buenavista Zinc concentrator, indicates a thesis built on converting production volume and cost discipline into high-margin returns. Revenue has charted a consistent upward trajectory, growing from $7.98 billion in FY2020 to a record $11.43 billion in FY2024.
The company’s growth engine is firing on multiple cylinders, evidenced by a 98.5% surge in zinc production in FY2024. This operational leverage drove net income for the first nine months of 2025 to $3.03 billion, a 17.2% increase year-over-year. Future volume is further secured by the 2025 authorization to commence exploitation activities at the Tía María project in Peru. Investors have seen earnings power more than double during this expansion cycle, with EPS rising from $2.03 in FY2020 to $4.34 at the close of FY2024, supporting a $1.00 per share quarterly dividend authorized in January 2026.
Recent Developments (Q2 and Q3 2025)
In the nine months ended September 30, 2025, net sales climbed 10.4% to $9.55 billion, fueled by robust metal pricing and a 16.6% increase in silver sales volumes. Operating cash flow remained strong at $3.26 billion, easily covering $902.7 million in capital expenditures directed toward capacity expansion in Mexico and Peru. Management signaled confidence in this cash generation by raising the quarterly payout to $0.90 per share in October 2025, supplemented by a 0.0085 share stock dividend.
Bulls highlight substantial contributions from non-operating sources, including an 89% surge in first-half interest income, which bolstered margins alongside by-product credits. Bears note that copper sales volumes dipped slightly during the period, arguing the stock appeared priced for perfection at 31.5x earnings as of October 30, 2025.
What to watch: CapEx deployment rates for Peruvian expansion; recovery in copper sales volumes
Rev
$11.43B
FY2024
NI
$3.38B
FY2024
EPS
$4.34
FY2024
OCF
$4.42B
FY2024
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
Recent SEC Filings
SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Jan 28, 2026)
Southern Copper Corporation (SCCO) has filed an 8-K report on January 27, 2026, primarily announcing its Board of Directors' authorization of a quarterly cash dividend and a stock dividend. The cash dividend will be $1.00 per share, and the stock dividend will be 0.0085 shares per common share. These dividends are payable on February 27, 2026, to shareholders of record on February 10, 2026. While the report does not detail financial performance for the fourth quarter and full year 2025, the dividend announcement is a key takeaway for investors, indicating continued capital return to shareholders. Investors should note that the information provided in this report, including the press release, is furnished and not deemed "filed" under Section 18 of the Securities Exchange Act of 1934, meaning it will not be automatically incorporated into future SEC filings unless explicitly referenced.
SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Oct 29, 2025)
Southern Copper Corporation (SCCO) has filed a Current Report (8-K) primarily announcing its dividend policy and related actions approved by its Board of Directors. On October 23, 2025, the Board authorized a quarterly cash dividend of $0.90 per share, alongside a stock dividend of 0.0085 shares per common share. These dividends are scheduled to be paid on November 28, 2025, to shareholders of record as of November 12, 2025. Investors should note that for fractional shares resulting from the stock dividend, SCCO will distribute cash based on a per-share price of $129.74, which represents the average high and low share price on October 23, 2025. The company has also attached the press release detailing these financial results and dividend announcements as an exhibit, though it is furnished and not deemed 'filed' for certain regulatory purposes.
SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Jul 29, 2025)
Southern Copper Corporation (SCCO) has filed an 8-K report detailing two key events that occurred around July 27-28, 2025. The company announced its second-quarter financial results, alongside a significant shareholder distribution plan. The Board of Directors has authorized a quarterly cash dividend of $0.80 per share and a stock dividend of 0.0101 shares per share. These dividends are payable on September 4, 2025, to shareholders of record as of August 15, 2025. Furthermore, the company has appointed Mr. Patricio Ovejas Simon as the new Executive Vice President, effective July 24, 2025. Mr. Ovejas Simon brings a wealth of experience from various executive roles in finance, IT, operations, and venture capital, including his recent position as CFO and Head of IT at Grupo Cinemex. This appointment signals a potential strengthening of the company's executive leadership and strategic capabilities.
SOUTHERN COPPER CORP/ 8-K Report, Shareholder Vote Results (May 29, 2025)
Southern Copper Corporation (SCCO) filed an 8-K report detailing the outcomes of its 2025 Annual Meeting of Stockholders, held on May 23, 2025. The meeting saw overwhelming participation, with approximately 97.05% of outstanding shares voted, indicating strong shareholder engagement. Key resolutions passed with significant support, reflecting management's alignment with investor interests. All nine director nominees were elected to serve until the 2026 annual meeting. Shareholders also overwhelmingly approved amendments to the Company's Directors' Stock Award Plan, extending its term by three years, and ratified the selection of Galaz, Yamazaki, Ruiz Urquiza S.C. as the independent accountants for 2025. Furthermore, the executive compensation plan received strong approval in a non-binding advisory vote. These outcomes suggest continued confidence in the company's leadership and governance.
SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Apr 25, 2025)
Southern Copper Corporation (SCCO) has filed an 8-K report detailing its first-quarter 2025 financial results and dividend declaration. A key takeaway for investors is the Board of Directors' authorization of a quarterly cash dividend of $0.70 per share and a stock dividend of 0.0099 shares per share, both payable on May 19, 2025. This signals a continued commitment to returning capital to shareholders. While the full financial performance details for the quarter are expected to be elaborated in the attached press release (Exhibit 99.1), the immediate focus for investors is on the declared dividend. The company is also providing cash in lieu of fractional shares, based on a specific share price, which is a standard practice to streamline dividend distribution. Investors should refer to the full press release for comprehensive financial and operational insights.
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