10-KPeriod: FY2012

SOUTHERN COPPER CORP/ Annual Report, Year Ended Dec 31, 2012

Filed February 28, 2013For Securities:SCCO

Summary

Southern Copper Corp. (SCCO) reported its fiscal year 2012 results, showcasing a resilient performance amidst a challenging global economic environment. The company's integrated mining and smelting operations, primarily focused on copper and molybdenum, demonstrated strong operational efficiency and strategic positioning. Despite fluctuations in commodity prices, SCCO maintained a robust financial standing, supported by its significant reserves and cost control measures. Investors can view this period as one where SCCO leveraged its established infrastructure and resource base to navigate market volatility and continue its long-term growth trajectory. The company's strategic initiatives, including ongoing exploration and development projects, indicate a commitment to expanding its production capacity and enhancing shareholder value. SCCO's strong balance sheet and consistent cash flow generation position it favorably for future investments and potential acquisitions. While commodity price volatility remains a key factor to monitor, Southern Copper's operational strengths and diversified asset portfolio provide a solid foundation for sustained profitability and appeal to long-term investors seeking exposure to the metals and mining sector.

Financial Highlights

51 data points
Beta

Revenue

$6.67B

53.6% Gross Margin

Net Income

$1.93B

29.0% Net Margin

EPS (Diluted)

$2.28

Total Assets

$10.38B

Cash & Equivalents

$2.46B

Free Cash Flow

$952.06M

Financial Statements
Beta
Revenue$6.67B
Cost of Revenue$2.77B
Gross Profit$3.57B
SG&A Expenses$101.30M
Operating Expenses$3.56B
Operating Income$3.11B
Net Income$1.93B
EPS (Basic)$2.28
Shares Outstanding (Basic)848.35M
Shares Outstanding (Diluted)848.35M

Key Highlights

  • 1Strong operational performance in copper and molybdenum production despite market volatility.
  • 2Significant mineral reserves provide a long-term foundation for future growth.
  • 3Focus on cost control measures to maintain profitability in a fluctuating commodity price environment.
  • 4Ongoing exploration and development projects indicate strategic expansion plans.
  • 5Robust financial health and consistent cash flow generation.
  • 6Integrated business model from mining to smelting offers operational efficiencies.
  • 7Strategic positioning within the global copper market.

Frequently Asked Questions

Southern Copper's primary products are copper and molybdenum. Its operations are primarily located in Peru and Mexico, with significant mining, smelting, and refining facilities.

While the filing period covers 2012, the report likely reflects the impact of fluctuating commodity prices, which are inherent to the mining industry. SCCO's management focuses on cost control and operational efficiency to mitigate these impacts and maintain profitability.

The report highlights ongoing exploration and development projects aimed at expanding production capacity and increasing mineral reserves. These initiatives are crucial for SCCO's long-term growth strategy.

The 2012 10-K suggests SCCO maintained a robust financial standing, characterized by strong cash flow generation and a solid balance sheet, enabling it to navigate market conditions and pursue growth opportunities.