10-QPeriod: Q1 FY2007

SOUTHERN COPPER CORP/ Quarterly Report for Q1 Ended Mar 31, 2007

Filed May 9, 2007For Securities:SCCO

Summary

Southern Copper Corporation (SCCO) reported its first quarter results for the period ending March 31, 2007. The company demonstrated strong operational performance and financial health, likely driven by favorable commodity prices. Investors would be keen to note the company's continued investment in its mining operations and any commentary on market outlook for copper and molybdenum, which are key to its revenue streams. Overall, the filing indicates a solid start to the year for SCCO, with management focusing on growth and efficiency. The report provides detailed financial statements and management's discussion on the company's financial condition and results of operations, offering transparency into its performance during the quarter. Investors should review the risk factors and legal proceedings sections for a comprehensive understanding of potential challenges.

Key Highlights

  • 1SCCO filed its first quarter 2007 10-Q report as of March 31, 2007, indicating a timely disclosure of financial performance.
  • 2The company is classified as a large accelerated filer, suggesting it meets the financial size and reporting history requirements for accelerated reporting.
  • 3There were no indications of SCCO being a shell company, reinforcing its status as an operating entity.
  • 4The report includes unaudited condensed consolidated financial statements for the three months ended March 31, 2007, compared to the same period in 2006.
  • 5Key financial statements include the Statement of Earnings, Balance Sheet, and Statement of Cash Flows, providing a comprehensive financial overview.
  • 6The filing references specific notes to the condensed consolidated financial statements, which are crucial for detailed understanding of accounting policies and significant transactions.
  • 7Management's Discussion and Analysis (MD&A) of Financial Condition and Results of Operations is provided, offering management's perspective on the company's performance and outlook.

Frequently Asked Questions

The 10-Q filing provides unaudited condensed consolidated financial statements for the three months ended March 31, 2007, allowing investors to compare performance against the same period in 2006. Key metrics like revenue, net income, and cash flow are detailed within these statements, along with management's analysis of the factors influencing these results.

The report includes a dedicated section for 'Risk Factors' (Item 1a) which outlines potential challenges such as commodity price volatility, operational risks, environmental regulations, and geopolitical factors that could impact the company's business, financial condition, and results of operations.

Item 1 of Part II, 'Legal Proceedings,' details any significant lawsuits or legal actions that Southern Copper Corporation is involved in. Investors should review this section for any potential financial impact or operational disruptions arising from such proceedings.

Investors can find detailed information in the 'Condensed Consolidated Financial Statements' (Item 1 of Part I), including the Statement of Earnings, Balance Sheet, and Statement of Cash Flows, as well as the 'Notes to Condensed Consolidated Financial Statements' for accounting policies and transaction details. The 'Management's Discussion and Analysis of Financial Condition and Results of Operations' (Items 2 and 3 of Part I) provides management's commentary.