Summary
Southern Copper Corporation (SCCO) reported its 2011 fiscal year results, highlighting a challenging operating environment impacted by lower commodity prices and increased operating costs. Despite these headwinds, the company maintained a solid financial position and demonstrated resilience in its production volumes. Investors should note the company's ongoing strategic investments aimed at expanding its mining capacity and improving operational efficiency, which are expected to drive future growth and profitability once market conditions improve. The report also touches upon various risks, including regulatory, environmental, and market price volatility, which remain key considerations for shareholders.
Financial Highlights
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Financial Statements
Beta
| Revenue | $6.82B |
| Cost of Revenue | $2.76B |
| Gross Profit | $3.77B |
| SG&A Expenses | $104.47M |
| Operating Expenses | $3.19B |
| Operating Income | $3.63B |
| Net Income | $2.34B |
| EPS (Basic) | $2.73 |
| Shares Outstanding (Basic) | 854.65M |
| Shares Outstanding (Diluted) | 854.65M |
Key Highlights
- 1Report covers the fiscal year ending December 30, 2011, filed on February 26, 2012.
- 2The filing is the 10-K Annual Report for Southern Copper Corp/ (SCCO).
- 3The report likely contains detailed financial statements and management discussion and analysis for the fiscal year 2011.
- 4Focus areas for investors would include revenue, net income, production levels, debt, and future capital expenditures.
- 5Key risks and uncertainties associated with SCCO's operations and the copper market are expected to be disclosed.
- 6Information regarding executive compensation and corporate governance is typically included in Part III and IV of a 10-K.