Summary
Southern Copper Corporation (SCCO) reported robust financial performance for the fiscal year ending December 30, 2010, as detailed in their 2011 10-K filing. The company demonstrated significant revenue growth, primarily driven by strong copper prices and increased sales volumes. This performance underscores SCCO's position as a leading global producer of copper and its ability to capitalize on favorable market conditions in the mining sector. Investors would note the company's strategic focus on operational efficiency and expansion projects aimed at sustaining long-term growth and profitability. The report highlights the company's commitment to resource development and its solid financial footing, suggesting a positive outlook for shareholders.
Financial Highlights
53 data points| Revenue | $5.15B |
| Cost of Revenue | $2.13B |
| Gross Profit | $2.74B |
| SG&A Expenses | $100.29M |
| Operating Expenses | $2.55B |
| Operating Income | $2.60B |
| Net Income | $1.55B |
| EPS (Basic) | $1.81 |
| EPS (Diluted) | $1.83 |
| Shares Outstanding (Basic) | 859.00M |
| Shares Outstanding (Diluted) | 859.00M |
Key Highlights
- 1Strong revenue growth driven by higher copper prices and increased sales volumes.
- 2Significant operational improvements and efficiency gains across SCCO's mining and smelting operations.
- 3Expansion projects in Peru and Mexico are progressing, indicating future production capacity growth.
- 4Solid cash flow generation supporting ongoing investments and potential shareholder returns.
- 5Successful management of operating costs despite inflationary pressures.
- 6Reinforced market position as a major global producer of copper and a significant producer of molybdenum, zinc, and silver.