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.
Frequently Asked Questions
The 10-K filing for the fiscal year ending December 30, 2011, would contain detailed financial statements. Investors should look for information on revenue, cost of goods sold, operating income, net income, earnings per share, and cash flow from operations to assess the company's financial performance.
Southern Copper Corp operates primarily in the mining and processing of copper, with significant operations in Peru and Mexico. The 10-K report would detail its production capacity, reserves, and the specific mines and smelters that contribute to its business.
Investors should review the 'Risk Factors' section of the 10-K. For SCCO, these typically include volatility in copper and other metal prices, operational risks at its mining and processing facilities, labor relations, environmental regulations, political and economic conditions in Peru and Mexico, and currency fluctuations.
The filing usually includes a discussion of future capital expenditures and strategic initiatives. Investors should look for details on ongoing or planned projects aimed at increasing production, improving efficiency, or developing new reserves, which are crucial for long-term growth.