Summary
Southern Peru Copper Corporation (SCCO) reported its second quarter 2004 financial results, showcasing solid operational performance and a strong financial position. The company demonstrated growth in key financial metrics compared to the prior year period, driven by favorable market conditions for copper and molybdenum. Investors should note the company's ongoing commitment to operational efficiency and potential expansion projects, which are crucial for future value creation. The company's financial statements indicate robust revenue generation and profitability, reflecting the strong demand for its core products. SCCO's balance sheet remains healthy, with adequate liquidity to fund operations and strategic initiatives. The management's discussion highlights the factors influencing the company's performance, including commodity prices, production levels, and cost management. Overall, the report paints a positive picture of SCCO's operational health and financial stability during the second quarter of 2004.
Key Highlights
- 1Reported for the quarter ended June 30, 2004, with the filing date of August 5, 2004.
- 2Southern Peru Copper Corporation has filed all required reports for the preceding 12 months and has been subject to such requirements for the past 90 days.
- 3The company is classified as an accelerated filer.
- 4As of July 31, 2004, there were 14,116,152 shares of common stock and 65,900,833 shares of Class A common stock outstanding.
- 5The report includes unaudited Condensed Consolidated Statements of Earnings, Balance Sheet, and Cash Flows for the specified periods.
- 6Management's Discussion and Analysis of Financial Condition and Results of Operations is provided.
- 7Information on legal procedures, matters submitted to a vote of security holders, and exhibits are included in the filing.