Summary
Southern Copper Corporation (SCCO) reported on its 2014 fiscal year performance in its March 2, 2015 10-K filing. The company, a major integrated producer of copper, molybdenum, zinc, and silver, showcased its robust operational scale and strategic growth initiatives. Investors would have noted the company's strong position in the global copper market, underpinned by significant reserves and efficient production facilities. The filing also provided insights into the company's financial health and its commitment to expanding production capacity, which are critical factors for long-term shareholder value.
Financial Highlights
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Financial Statements
Beta
| Revenue | $5.79B |
| Cost of Revenue | $2.84B |
| Gross Profit | $2.50B |
| SG&A Expenses | $103.40M |
| Operating Expenses | $3.56B |
| Operating Income | $2.23B |
| Net Income | $1.33B |
| EPS (Basic) | $1.61 |
| Shares Outstanding (Basic) | 828.20M |
Key Highlights
- 1SCCO is a leading integrated producer of copper, molybdenum, zinc, and silver, with significant global market share.
- 2The company possesses extensive proven and probable mineral reserves, providing a strong foundation for future production.
- 3Operational efficiency and cost management are key strengths, contributing to profitability even in fluctuating commodity price environments.
- 4Strategic investments in mine development and expansion projects are underway to enhance future production volumes.
- 5The company's diversified product mix offers some resilience against single commodity price volatility.
- 6SCCO demonstrates a commitment to sustainable practices and community engagement in its operating regions.
Frequently Asked Questions
SCCO's primary revenue drivers in 2014 were the sales of copper, molybdenum, zinc, and silver. Copper typically represents the largest portion of revenue due to its market significance and SCCO's substantial production capacity.
SCCO's growth strategies revolve around expanding existing operations, developing new mining projects, and maintaining cost efficiencies. The company was investing in projects aimed at increasing copper production and extending the life of its mines.
SCCO manages commodity price volatility through its integrated business model, which includes control over mining, smelting, and refining. This integration, coupled with a focus on low-cost production and operational efficiency, helps mitigate the impact of price fluctuations. Diversification across multiple metals also provides some level of risk diversification.
SCCO's extensive proven and probable mineral reserves are crucial as they represent the foundation of its long-term production capacity and revenue generation. A robust reserve base assures investors of the company's ability to sustain and grow its operations for many years to come.