SOUTHERN COPPER CORP/ Annual Report, Year Ended Dec 31, 2009

Southern Copper Corporation (SCCO) concluded the fiscal year 2009 with a notable performance characterized by a significant increase in sales revenue, driven primarily by higher commodity prices and increased sales volume. The company demonstrated strong operational efficiency, which contributed to improved profitability. Despite the lingering effects of the global economic downturn in early 2009, SCCO showed resilience and a capacity for recovery, ending the year on a positive financial trajectory. Investors should note the company's strategic investments in exploration and development, positioning it for future growth and sustained market presence. The company's financial health appears robust, with healthy cash flows generated from operations and prudent management of its debt. SCCO's diversified portfolio of copper and molybdenum assets, combined with its integrated operational structure from mining to refining, provides a competitive advantage. The outlook for 2010 appears optimistic, with expectations for continued demand in key markets and further operational enhancements. However, investors should remain aware of the inherent cyclicality of the commodities market and potential regulatory or environmental challenges.