Summary
Southern Copper Corporation (SCCO) reported its full-year 2008 results in this 10-K filing. The company navigated a challenging global economic environment, characterized by significant volatility in commodity prices, particularly for copper and molybdenum. Despite these headwinds, SCCO demonstrated operational resilience and maintained a solid financial position. Investors should note the company's continued focus on production efficiency and strategic growth initiatives, which are crucial for long-term value creation in the cyclical mining industry.
Financial Highlights
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Financial Statements
Beta
| Cost of Revenue | $2.18B |
| SG&A Expenses | $102.43M |
| Operating Expenses | $2.65B |
| Operating Income | $2.20B |
| Net Income | $1.41B |
| EPS (Basic) | $1.60 |
| EPS (Diluted) | $1.60 |
| Shares Outstanding (Basic) | 878.71M |
| Shares Outstanding (Diluted) | 878.71M |
Key Highlights
- 1Full-year 2008 financial results reported, reflecting a period of significant economic uncertainty and commodity price fluctuations.
- 2The filing provides details on SCCO's operational performance, including production levels and cost management strategies.
- 3Information regarding the company's extensive mining and smelting operations across various geographies is detailed.
- 4The report includes discussions on the company's financial health, debt levels, and liquidity position.
- 5Forward-looking statements and risk factors relevant to the mining industry and SCCO's specific operations are outlined.
- 6Management's discussion and analysis (MD&A) offers insights into the factors affecting financial performance and future outlook.