SCCO 8-K Current Reports

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Oct 21, 2026)

Southern Copper Corporation (SCCO) has reported strong financial results for the third quarter of 2026, with record-breaking net sales, net income, and adjusted EBITDA, driven by favorable metal prices across its product lines and a slight increase in zinc sales volume. This performance reflects significant year-over-year growth, with net sales up 39.1% and net income soaring by 62.7% compared to the third quarter of 2025. The company also announced a quarterly cash dividend of $1.30 per share and a stock dividend of 0.0106 shares per share, underscoring its commitment to returning value to shareholders. SCCO continues to advance its long-term growth strategy, with major capital investments in its Peruvian and Mexican projects, including the Tia Maria and El Pilar projects, which are expected to significantly increase future copper production capacity. The company is also focused on operational efficiency, evident in the substantial decrease in its operating cash cost per pound of copper, largely due to increased by-product revenue credits.

Oct 21, 2026 8-K

Other EventsExhibits & Filings

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Jul 22, 2026)

Southern Copper (SCCO) reported record second-quarter 2026 results, with net sales of $4,289.0 million (up 40.6% year over year), net income of $1,670.0 million (up 71.6%, a 38.9% margin), and adjusted EBITDA of $2,856.0 million (up 59.5%, a 66.6% margin). The growth was driven mainly by sharply higher metal prices: LME copper rose 39.8%, molybdenum 43.1%, zinc 30.8%, and silver 118.6% year over year. Copper sales volumes fell 1.5% and copper mined output dropped 3.5% quarter over quarter, with Peruvian production down 12.0%. Operating cash cost net of by-product credits was just $0.05 per pound in Q2, reflecting strong by-product revenue. Cash generation and balance sheet strength stood out. Six-month operating cash flow rose 116.9% to $3,683.0 million, helped by a $718.5 million smaller working capital drag. Cash and short-term investments reached about $7.33 billion at June 30, 2026, against $7,994.4 million of long-term debt, after the company issued $1.25 billion of 10-year notes at 5.350% in June to fund the Tía María project and other SPCC capital needs. Capital investments are rising, with a decade-long program above $20.5 billion, including roughly $10.3 billion in Peruvian projects and $10.2 billion in Mexican investments. The Board declared a quarterly cash dividend of $1.10 per share plus a stock dividend of 0.0120 shares per share, for an estimated total of $3.23 per share, payable August 27, 2026 to holders of record on August 11, 2026. The filing is a Form 8-K furnished under Item 2.02, so the press release is not deemed "filed" for Section 18 purposes. Management also signaled support for the incoming Peruvian administration. The main risks flagged are the Peru project pipeline's dependence on permitting and political transition, the Peruvian production decline, and the company's heavy exposure to metal price swings.

Jul 22, 2026 8-K

Shareholder Matters

SOUTHERN COPPER CORP/ 8-K Report, Shareholder Vote Results (Jul 17, 2026)

Southern Copper Corporation (SCCO) filed an 8-K on July 17, 2026, detailing the outcomes of its 2026 Annual Meeting of Stockholders held on May 29, 2026. The meeting saw strong participation, with approximately 97.35% of outstanding voting shares represented. Key resolutions passed overwhelmingly, including the election of all eight director nominees and the ratification of the appointment of Galaz, Yamazaki, Ruiz Urquiza S.C. (a Deloitte Touche Tohmatsu Limited member firm) as the independent accountants for calendar year 2026. Furthermore, the company's executive compensation was approved by a significant non-binding advisory vote. The high voting turnout and decisive approval of these proposals indicate strong shareholder confidence in the current board of directors, auditing firm, and executive compensation structure.

Jul 17, 2026 8-K

SOUTHERN COPPER CORP/ 8-K Report, Corporate Update (Jun 26, 2026)

Southern Copper Corporation (SCCO) filed a Form 8-K on June 26, 2026 under Item 8.01 (Other Events) to furnish a press release from its Peruvian branch, Southern Peru Copper Corporation (SPCC), announcing it raised US$1.25 billion through a New York bond offering. The proceeds are primarily earmarked for development of the Tía María copper project. The notes carry a 5.35% annual coupon and mature in 2036. The filing is informational: it contains no earnings, guidance, or material financial statement data, and the company states the information is furnished rather than filed under Section 18 of the Exchange Act. The Tía María project, located in Arequipa, is expected to produce 120,000 metric tons per year of refined copper using SX-EW technology, with operations beginning in the third quarter of 2027. The total capital budget is US$1.8 billion, of which US$948 million has already been committed, so the new financing covers a substantial share of the remaining requirement. Management cites projected 20-year export revenues of about US$24.1 billion and US$6.2 billion in taxes and royalties at current copper prices, though these are forward-looking estimates tied to copper price assumptions. For investors, the key takeaways are that SCCO's Peruvian growth pipeline is being funded through debt capital markets and that the Tía María timeline is advancing. The release also references the Michiquillay project (about 225,000 tpy of copper, first production targeted for 2032, roughly US$2.5 billion capex). Because the notes were issued by a Peruvian branch, the release does not specify whether they are guaranteed by the parent, and the filing does not discuss how the added debt affects SCCO's consolidated leverage.

Jun 26, 2026 8-K

Material AgreementsFinancial EventsOther Events+1

SOUTHERN COPPER CORP/ 8-K Report, Material Agreement (Jun 25, 2026)

Southern Copper Corporation (SCCO) has successfully completed a registered public offering, raising approximately U.S.$1.241 billion in net proceeds through the sale of U.S.$1.25 billion aggregate principal amount of 5.350% notes due 2036. This issuance, detailed in an 8-K filing dated June 25, 2026, aims to bolster the company's financial position and fund key strategic initiatives. The net proceeds are earmarked for significant development projects, including the Tia Maria project, capital expenditures for its Peruvian operations (SPCC), and general corporate purposes. This move signals SCCO's commitment to expanding its operations and managing its financial resources effectively to support its long-term growth strategy.

Jun 25, 2026 8-K

Other EventsExhibits & Filings

SOUTHERN COPPER CORP/ 8-K Report, Corporate Update (Jun 17, 2026)

Southern Copper Corporation (NYSE/LSE: SCCO) priced an underwritten, registered public offering of US$1.25 billion in 5.350% senior unsecured notes due 2036 on June 16, 2026, as disclosed in an 8-K filed June 17, 2026. The transaction is expected to close on or about June 24, 2026, subject to customary closing conditions. The notes will be general unsecured obligations of the Company and rank equally with all existing and future unsecured, unsubordinated debt. The key point for investors is the use of proceeds. The net proceeds are earmarked for Southern Peru Copper Corporation's Peruvian branch (SPCC), specifically for development of the Tia Maria project, financing SPCC's capital expenditure program, and/or general corporate purposes including working capital and near-term expenses. This signals that the company is pre-funding a sizeable growth and capex program in Peru, with Tia Maria as a central project. The filing does not disclose the offering's pricing spread, the use of proceeds split among these purposes, or the project's updated cost and timeline, so those details would need to come from the prospectus supplement or subsequent company disclosures. The offering adds $1.25 billion of fixed-rate debt at a 5.35% coupon, which will increase the company's gross leverage and fixed interest obligations, though the filing does not state the resulting debt total. Investors should weigh the funding of Tia Maria and SPCC capex against the added debt service burden, especially given the company's ownership structure, with 88.9% held by Grupo Mexico, which may influence capital allocation decisions.

Jun 17, 2026 8-K

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Apr 29, 2026)

Southern Copper (SCCO) reported a record first quarter 2026, with net sales of $4,251.4 million (up 36.2% year over year), net income attributable to SCC of $1,576.9 million (up 66.7%), and adjusted EBITDA of $2,712.8 million (up 55.4%) at a 63.8% margin. Growth was driven by higher metal prices (copper +37.5%, silver +157.9%, molybdenum +24.2%, zinc +14.0% versus 1Q25) and higher silver and zinc sales volumes. Operating cash cost net of by-product credits turned negative at -$0.11 per pound of copper, versus $0.77 a year earlier, as by-product revenues rose sharply. Operating cash flow rose 135% to $1,694.5 million, and the company held $4.9 billion in cash at quarter-end. The main operational negative was copper production, which fell 4.0% on mined volumes, driven by a 9.8% decline at Peruvian operations due to lower ore grades and recoveries. Management expects ore grades to recover by the end of 2026. Capital investments rose 39% to $441.9 million, and the program for this decade exceeds $20.5 billion, including Tia Maria (32.5% complete, operations expected 3Q27). Governance also changed: Oscar Gonzalez Rocha, CEO, died on April 7, 2026, and the Board appointed Leonardo Contreras Lerdo de Tejada as CEO on April 23, 2026. For shareholders, the Board declared a quarterly cash dividend of $1.00 per share plus a stock dividend of 0.0100 shares per share, payable May 29, 2026, to holders of record on May 13, 2026. Investors should weigh the exceptional margins and cash generation against the reliance on elevated metal prices, the Peruvian grade-driven production shortfall, and the pace of large-scale project execution and permitting, particularly at Los Chancas, where illegal mining has stalled progress.

Apr 29, 2026 8-K

Leadership Changes

SOUTHERN COPPER CORP/ 8-K Report, Executive Changes (Apr 29, 2026)

Southern Copper Corporation (SCCO) has filed an 8-K reporting the unexpected passing of its President, CEO, and Board member, Oscar Gonzalez Rocha, on April 13, 2026. This marks the end of a significant era for the company, with Mr. Rocha's 50-year career noted for his transformative leadership in the mining industry. The Board of Directors has acted swiftly, appointing Mr. Leonardo Contreras Lerdo de Tejada as the new Chief Executive Officer, effective April 23, 2026. Mr. Contreras Lerdo de Tejada will retain his position on the Board. Investors are assured that, as of this filing, no changes to his existing compensation package have been made in conjunction with this appointment, with further disclosures to follow should any material compensatory arrangements be agreed upon.

Apr 29, 2026 8-K

Leadership Changes

SOUTHERN COPPER CORP/ 8-K Report, Executive Changes (Apr 17, 2026)

Southern Copper Corporation (SCCO) has filed an 8-K report on April 17, 2026, to announce a significant leadership change. The company reported the unexpected passing of its President and Chief Executive Officer, Oscar Gonzalez Rocha. This development represents a material event for investors, as CEO transitions can impact strategic direction, operational execution, and investor confidence. In response to this unforeseen event, the Board of Directors has appointed Leonardo Contreras Lerdo de Tejada as interim Chief Executive Officer, effective April 16, 2026. Mr. Contreras Lerdo de Tejada, who also remains on the Board, will lead the company during this transitional period. The company is actively engaged in its succession planning to identify and appoint a permanent CEO, a process that investors will be closely monitoring.

Apr 17, 2026 8-K

SOUTHERN COPPER CORP/ 8-K Report, Corporate Update (Apr 13, 2026)

Southern Copper Corporation (SCCO) has filed an 8-K to report the unexpected passing of its President, Chief Executive Officer, and Board member, Mr. Oscar Gonzalez Rocha, on April 7, 2026. This significant leadership change will necessitate the appointment of a successor or interim CEO by the Board of Directors. Investors should closely monitor the company's upcoming communications for updates on the leadership transition and its potential impact on strategic direction and operational continuity.

Apr 13, 2026 8-K

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Jan 28, 2026)

Southern Copper (SCCO) reported record fourth-quarter and full-year 2025 results, with net sales, net income, and adjusted EBITDA all at all-time highs. Q4 2025 net sales rose 39.0% year over year to $3,869.8 million, and Q4 net income attributable to SCC rose 64.7% to $1,307.9 million, a 33.8% margin. For full-year 2025, net sales reached $13,420.0 million (+17.4%), net income $4,334.9 million (+28.4%), and adjusted EBITDA $7,822.4 million (+22.1%, a 58.3% margin). Growth came from higher volumes of molybdenum, zinc, and silver and from stronger prices for copper, molybdenum, zinc, and silver. Operating cash cost net of by-product credits fell to $0.58 per pound for the year from $0.89 in 2024, mainly because by-product revenue credits rose sharply. The 8-K itself is a furnished (not filed) report that attaches the earnings press release and discloses a Board-authorized dividend. The Board approved a quarterly cash dividend of $1.00 per share plus a stock dividend of 0.0085 shares per share, with a record date of February 10, 2026 and payment on February 27, 2026. Fractional shares will be settled in cash at $179.93, the January 22, 2026 average of the day's high and low prices. Full-year 2025 dividends paid totaled $3.50 per share, versus $2.10 in 2024, and cash dividends paid were $2,485.1 million. The main investor considerations are the capital program and the balance sheet. Management says the decade capital program exceeds $20.5 billion, including about $10.3 billion in Peru and about $10.2 billion in Mexico. Tia Maria is 24% complete with $790 million committed against an estimated $1.8 billion budget, with operations targeted for 2027. Los Chancas remains stalled by illegal mining in the project area. Operating cash flow of $4,752.1 million less capital investments of $1,325.3 million implies roughly $3.4 billion of free cash flow for 2025. Cash and short-term investments totaled about $4.9 billion at year-end, against long-term debt of $6,750.7 million.

Jan 28, 2026 8-K

Earnings & ResultsLeadership ChangesExhibits & Filings

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Oct 29, 2025)

Southern Copper (SCCO) reported record third-quarter 2025 results, with net sales of $3,377.3 million (up 15.2% year over year), net income of $1,107.6 million (up 23.5%), and adjusted EBITDA of $1,975.4 million (up 17.3%, margin 58.5%). Growth was driven mainly by higher by-product volumes and prices (zinc mined output +46.3%, silver +16.4%, molybdenum +8.3%) and higher metal prices, partly offset by a 6.9% quarter-over-quarter decline in mined copper to 234,892 tonnes. Operating cash cost net of by-product credits fell to $0.42/lb from $0.76/lb a year earlier, which management highlights as one of the industry's lowest. Cash flow from operations rose 8.4% to $1,559.6 million, while capital investments increased 41.7% to $349.2 million. The Board declared a quarterly cash dividend of $0.90 per share plus a stock dividend of 0.0085 shares per share, payable November 28, 2025 to holders of record on November 12, 2025. Cash-dividend and stock-dividend payouts in 3Q25 were $0.80 and $1.00 per share, respectively, on the reported basis. Dividends paid in cash totaled $643.3 million in the quarter. Long-term debt rose to $6,749.4 million from $5,758.5 million at year-end 2024 after a $493.8 million debt issuance, and cash plus short-term investments reached $4,525.5 million. Management continues to pursue a capital program exceeding $15 billion this decade, including Tia Maria (construction 23% complete, with exploitation authorization received October 14, 2025), Los Chancas, Michiquillay, and Mexican projects. Investors should note that the filing is furnished rather than filed under Section 18, and that the company is 88.9% owned by Grupo Mexico, which concentrates control. Management also noted that recent US tariff changes have had a limited impact so far.

Oct 29, 2025 8-K

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Jul 29, 2025)

Southern Copper's second-quarter 2025 results, furnished under Item 2.02, show a company with lower top-line sales but stronger profitability year to date. Q2 net sales were $3,051.0 million, down 2.2% year over year, mainly on lower copper sales volumes and lower LME copper prices, partly offset by higher zinc, molybdenum and silver volumes and higher silver prices. Net income attributable to SCC rose 2.4% to $973.4 million, with a net margin of 31.9%, while adjusted EBITDA was roughly flat at $1,790.9 million (margin 58.7%). For the first six months, net sales rose 8.0%, net income rose 13.8% and adjusted EBITDA rose 10.0% to $3,536.5 million. Operating cash cost net of by-product credits fell 23.6% year to date to $0.70 per pound, which management attributes to lower unit production costs and higher zinc and silver credits. The board declared a quarterly cash dividend of $0.80 per share plus a stock dividend of 0.0101 shares per share, payable September 4, 2025 to holders of record on August 15, 2025. Using the $99.47 reference price, the stock component is worth roughly $1.00 per share, so the total declared distribution is roughly $1.80 per share on an implied basis. Dividends paid in the first half were $1,110.7 million. Balance sheet changes merit attention: long-term debt rose to $6,748.2 million from $5,758.5 million at year-end 2024, and the current portion of debt was repaid. Cash and short-term investments totaled about $4.0 billion at June 30, 2025. The company reaffirmed a capital program exceeding $15 billion over the coming decade, including Tia Maria (budget $1,802 million, targeted 2027 start), Los Chancas ($2.6 billion, 2030-2031), and Michiquillay ($2.5 billion, around 2032). Management is monitoring U.S. trade policy and possible tariff effects, and is engaging with the current Mexican administration on permits that were placed on hold. The filing also discloses the appointment of Patricio Ovejas Simon as Executive Vice President effective July 24, 2025.

Jul 29, 2025 8-K

SOUTHERN COPPER CORP/ 8-K Report, Shareholder Vote Results (May 29, 2025)

Southern Copper Corporation (SCCO) filed an 8-K report detailing the outcomes of its 2025 Annual Meeting of Stockholders, held on May 23, 2025. The meeting saw overwhelming participation, with approximately 97.05% of outstanding shares voted, indicating strong shareholder engagement. Key resolutions passed with significant support, reflecting management's alignment with investor interests. All nine director nominees were elected to serve until the 2026 annual meeting. Shareholders also overwhelmingly approved amendments to the Company's Directors' Stock Award Plan, extending its term by three years, and ratified the selection of Galaz, Yamazaki, Ruiz Urquiza S.C. as the independent accountants for 2025. Furthermore, the executive compensation plan received strong approval in a non-binding advisory vote. These outcomes suggest continued confidence in the company's leadership and governance.

May 29, 2025 8-K

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Apr 25, 2025)

Southern Copper (SCCO) reported strong first-quarter 2025 results, with net sales of $3,121.9 million, up 20.1% year over year and 12.1% sequentially. Growth was driven by higher sales volumes of copper (+3.6%), molybdenum (+9.9%), zinc (+42.4%) and silver (+14.1%), along with higher metal prices. Net income attributable to SCC rose 28.5% to $945.9 million, with a net margin of 30.3%, and adjusted EBITDA reached $1,745.6 million (55.9% margin), up 23.1% year over year. Operating cash cost net of by-product credits fell 28.5% to $0.77 per pound, helped by a 22.2% increase in by-product revenue credits, while operating cash flow rose 9.3% to $721.3 million. The Board authorized a quarterly cash dividend of $0.70 per share plus a stock dividend of 0.0099 shares per share, payable May 19, 2025 to holders of record on May 2, 2025. Management flagged copper market instability tied to shifting trade policies in major economies. Capital investments rose 48.6% to $317.8 million, and the company's long-term capital program for this decade exceeds $15 billion. Total debt increased materially during the quarter, with long-term debt rising to $6,747.0 million from $5,758.5 million at year-end 2024, while cash rose to $4,116.3 million. The 8-K furnishes the earnings release under Item 2.02 and is not deemed filed for Section 18 purposes. Investors should note the Los Chancas project disruption from illegal mining attacks in March 2025, and that the company is 88.9% owned by Grupo Mexico, which limits free float.

Apr 25, 2025 8-K

Leadership Changes

SOUTHERN COPPER CORP/ 8-K Report, Executive Changes (Apr 17, 2025)

Southern Copper Corporation (SCCO) announced a key leadership change in its exploration division via an 8-K filing on April 16, 2025, effective April 10, 2025. Mr. Juan Fernando Nuñez Chávez has been appointed as the new Vice President, Explorations, succeeding Mr. Edgard Corrales. This appointment signifies a continued focus on the company's growth and resource development strategies. Mr. Nuñez Chávez brings extensive experience, with over 40 years in the mining industry, specifically in the exploration of metallic mineral deposits. His long tenure as Explorations Manager at Southern Peru Copper Corporation and his academic background as a Geological Engineer and university professor underscore his deep expertise. While Mr. Corrales is transitioning to an Advising Director of New Projects role within a subsidiary, the elevation of Mr. Nuñez Chávez to this critical position highlights SCCO's commitment to leveraging seasoned talent for future exploration successes and project advancements.

Apr 17, 2025 8-K

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Feb 12, 2025)

Southern Copper (SCCO) reported record 2024 net sales of $11,433.4 million, up 15.5% year over year, with fourth-quarter net sales of $2,784.3 million (+21.3%). Growth was driven by higher copper (+5.5%), zinc (+44.6%), and silver (+15.7%) sales volumes and by better copper, zinc, and silver prices, partly offset by lower molybdenum prices (-10.6%). Full-year net income attributable to SCC rose 39.2% to $3,376.8 million, and adjusted EBITDA grew 27.4% to $6,406.1 million, with the adjusted EBITDA margin expanding to 56.0% from 50.8%. Operating cash cost net of by-product credits fell to $0.89 per pound of copper from $1.03, helped by higher by-product revenue and a larger copper base. Operating cash flow rose 23.7% to $4,421.7 million. The filing itself (Item 2.02) is a furnished earnings release and dividend notice. The Board authorized a $0.70 per share quarterly cash dividend plus a 0.0073-share stock dividend per share, payable February 27, 2025, to holders of record on February 11, 2025, with fractional shares settled in cash at $95.86. Separately, subsidiary Minera Mexico issued a $1 billion 7-year senior unsecured note at 5.625% due 2032 on February 5, 2025, with orders of $3.5 billion (3.5x covered). Looking ahead, management guided 2025 copper output to 967,000 tons (roughly flat), zinc to 171,700 tons (+32%), silver to 23 million ounces (+10%), and molybdenum to 26,200 tons (-10%). The company reiterated a capital investment program exceeding $15 billion this decade, including Tia Maria (budget raised to $1,802 million, construction expected to begin in 2025) and Los Chancas, Michiquillay, and El Pilar projects. Net debt is manageable given cash of $3,258.1 million against total debt of roughly $6.26 billion at year-end.

Feb 12, 2025 8-K

SOUTHERN COPPER CORP/ 8-K Report, Corporate Update (Feb 10, 2025)

Southern Copper Corporation (SCCO), through its indirect subsidiary Minera Mexico, S.A. de C.V., has successfully priced a $1.0 billion offering of 5.625% Senior Notes due 2032. This issuance, conducted under Rule 144A and Regulation S, is a significant financing event for the company. The notes are set to close on February 12, 2025, and will provide the company with substantial capital to support its growth initiatives.

Feb 10, 2025 8-K

Earnings & ResultsLeadership ChangesExhibits & Filings

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Oct 22, 2024)

Southern Copper Corporation (SCCO) reported strong third-quarter 2024 results, with net sales of $2,930.9 million, up 17.0% year over year, and net income attributable to SCC of $896.7 million, up 44.7%. Growth was driven by higher sales volumes across all products (copper +7.7%, zinc +50.1%, silver +19.0%, molybdenum +5.7%) and higher prices for copper (+10.0% LME), zinc (+14.5%), and silver (+24.7%), partly offset by lower molybdenum prices (-8.1%). Adjusted EBITDA rose 30.5% to $1,684.6 million, and the adjusted EBITDA margin expanded to 57.5% from 51.5%. Operating cash cost net of by-product credits fell 22.6% to $0.76 per pound of copper, and the year-to-date figure was $0.86 per pound. The board declared a quarterly cash dividend of $0.70 per share plus a stock dividend of 0.0062 shares per share, payable November 21, 2024 to holders of record on November 6, 2024. Cash will be paid in lieu of fractional shares based on a $112.43 reference price. Balance sheet liquidity improved, with cash and equivalents of $2,654.8 million at September 30, 2024, compared with $1,151.5 million at year-end 2023. Total debt was about $6.26 billion, including $499.6 million current. Operating cash flow was $1,439.5 million in the quarter, up 37.1%, and 9M24 capital investments were $792.0 million. Looking ahead, management reiterated a capital program exceeding $15 billion this decade, centered on Mexico and Peru. Key projects include Tia Maria (120,000 tons per year of SX-EW cathode, with construction expected to begin in 2025 and operations in 2027), Los Chancas (estimated $2.6 billion, operations expected in 2031), and Michiquillay (estimated $2.5 billion, production start-up expected in 2032). The company is reviewing the Tia Maria budget, previously $1.4 billion, and will update it by year-end. The company is 88.9% owned by Grupo Mexico, and the free float is about 11.1%.

Oct 22, 2024 8-K

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Oct 22, 2024)

Southern Copper Corporation (SCCO) has filed an 8-K report detailing two key events. The primary information for investors relates to the company's third-quarter financial results for the period ending September 30, 2024, as announced in a press release on October 21, 2024. While the specific financial details are not provided within this 8-K's text, the issuance of this press release signifies an upcoming disclosure of their operational and financial performance. Investors should look for the full press release to understand revenue, profitability, production levels, and any forward-looking guidance. Additionally, the report notes the resignation of Mr. Gilberto Perezalonso Cifuentes from the Board of Directors, effective October 16, 2024, due to his pursuit of other professional interests. The company stated there were no disagreements associated with his departure and expressed gratitude for his service.

Oct 22, 2024 8-K

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Jul 19, 2024)

Southern Copper reported strong second-quarter 2024 results, with net sales of $3,118.3 million, up 35.5% year over year, and net income attributable to SCC of $950.2 million, up 73.6%. Adjusted EBITDA reached $1,797.0 million with a 57.6% margin, versus 48.5% a year earlier. Growth was driven by higher volumes of copper (+5.5%), molybdenum (+21.4%), silver (+31.6%) and zinc (+78.1%), together with higher metal prices (LME copper +14.8%, zinc +12.2%, silver +18.9%, molybdenum +3.9%). Operating cash cost net of by-product credits fell to $0.76 per pound in Q2 from $1.07 in Q1, helped by a 34% increase in by-product revenue credits. Cash generation was weaker than earnings. Six-month operating cash flow fell 18.2% to $1,621.8 million, pressured by a $511.0 million working capital build, mainly higher receivables at the Mexican operations. Capital investments were $331.8 million in Q2 and $545.6 million year to date. The company's capital program exceeds $15 billion, including Tia Maria, Los Chancas and Michiquillay in Peru and several Mexican projects. Tia Maria restarted activities on July 1, 2024, with operations targeted for 2027. The company is reviewing its $1.4 billion historical Tia Maria capex budget and will update it by year-end, so investors should watch that figure for cost risk. The Board authorized a quarterly cash dividend of $0.60 per share plus a stock dividend of 0.0056 shares per share, payable August 26, 2024 to holders of record on August 9, 2024. Cash will be paid in lieu of fractional shares at $106.54. The company had 781.2 million shares outstanding at June 30, 2024, and total debt of roughly $6.26 billion against about $2.20 billion in cash and short-term investments. Grupo Mexico owns 88.9% of the company, which matters for free float and governance. Figures are unaudited and the filing is furnished under Item 2.02, not filed.

Jul 19, 2024 8-K

SOUTHERN COPPER CORP/ 8-K Report, Corporate Update (Jul 5, 2024)

Southern Copper Corporation (SCCO) announced a significant development regarding its Tia Maria project in Peru. The company's Peruvian branch, Southern Peru Copper Corporation (SPCC), has decided to restart construction on the project, which had previously faced social and political hurdles. This decision comes after extensive discussions with the Peruvian government, indicating a potential resolution or mitigation of the concerns that had stalled progress.

Jul 5, 2024 8-K

SOUTHERN COPPER CORP/ 8-K Report, Shareholder Vote Results (May 28, 2024)

Southern Copper Corporation (SCCO) held its 2024 Annual Meeting of Stockholders on May 24, 2024, where key corporate governance matters were presented to shareholders for approval. The meeting saw a strong turnout, with approximately 96.82% of outstanding voting securities participating. Shareholders overwhelmingly approved the election of ten directors, ratified the appointment of Galaz, Yamazaki, Ruiz Urquiza S.C. as the independent accountants for 2024, and by a significant margin, approved the company's executive compensation through a non-binding advisory vote. The election of directors passed with substantial support, indicating shareholder confidence in the current board's leadership. The ratification of the independent auditors is a routine but important procedural step to ensure financial transparency and regulatory compliance. The advisory vote on executive compensation also received strong backing, suggesting that compensation packages are aligned with shareholder expectations.

May 28, 2024 8-K

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Apr 26, 2024)

Southern Copper reported first-quarter 2024 results that were strong sequentially but weaker year over year. Net sales were $2,599.8 million, up 13.3% from 4Q23 on higher copper and silver volumes and firmer metal prices, but down 6.9% from 1Q23 on lower copper, molybdenum and zinc prices. Net income attributable to SCC was $736.0 million ($0.95 per share), up 65.4% sequentially but down 9.5% year over year. Adjusted EBITDA was $1,417.7 million at a 54.5% margin, compared with 46.0% in 4Q23 and 56.1% in 1Q23. Operating cash cost net of by-product credits fell to $1.07 per pound from $1.25 in 4Q23, helped by higher molybdenum credits and a 2.2% rise in copper output. Cash generation was mixed. Operating cash flow was $659.9 million, up 22.0% sequentially but down 55.7% from 1Q23, mainly because a $310.8 million increase in working capital, driven largely by Mexican operations, absorbed cash. Capital investments were $213.8 million, down 10.2% year over year. Copper production rose 7.7% year over year to 240,679 tons, supported by the new Buenavista zinc concentrator, which began operating in 1Q24 and produced 9,695 tons of zinc in the quarter. The company also reiterated a capital program of more than $15 billion for the decade, with Tia Maria, Los Chancas and Michiquillay in Peru and several Mexican projects. The Board approved a quarterly stock dividend of 0.0104 shares per share of common stock, payable May 23, 2024 to holders of record on May 8, 2024. Based on the $115.13 reference price, this equals roughly $1.20 per share in value, which is less than the $1.00 per share cash dividend paid in 1Q23 but is paid in stock rather than cash. This filing furnishes the earnings press release under Item 2.02 and is not deemed filed under the Exchange Act.

Apr 26, 2024 8-K

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Feb 2, 2024)

Southern Copper's (SCCO) 8-K, furnished under Item 2.02, reports fourth-quarter and full-year 2023 results. For FY2023, net sales were $9,895.8 million, down 1.5% year over year, and net income attributable to SCC was $2,425.2 million, down 8.1%. Adjusted EBITDA was $5,029.5 million (50.8% margin) versus 53.2% in 2022. Results were weighed down by a $406.0 million year-end accounting adjustment for lower metal prices. Excluding that adjustment and the copper anode inventory build, management says sales would have been 3.2% higher than 2022. Operating cash flow rose 27.5% to $3,573.1 million, driven mainly by a working capital reduction, and capital investments rose 6.3% to $1,008.6 million. Fourth-quarter performance was weaker. Net sales fell 18.6% to $2,295.6 million, net income fell 50.7% to $445.0 million, and adjusted EBITDA fell 35.3% to $1,055.5 million. The quarter also carried a $168.4 million accounting adjustment for lower metal prices. The operating cash cost per pound of copper net of by-product credits rose to $1.03 for the year from $0.78 in 2022, and to $1.25 in 4Q23. Management highlighted the Pilares expansion reaching full capacity and the Buenavista zinc concentrator starting ramp-up, and guided to 935,900 tons of copper production in 2024 (+2.7%). The company also declared a $0.80 per share dividend payable February 29, 2024, to holders of record on February 13, 2024. For investors, the key takeaways are a softer earnings year and quarter driven by metal price adjustments and higher unit costs, offset by strong cash generation and a clear growth pipeline. The more than $15 billion capital program for this decade, including Tia Maria, Los Chancas and Michiquillay in Peru, carries execution and permitting risk, and the Buenavista water-supply constraint is a near-term operational watch item. Grupo Mexico owns 88.9% of the company, which is relevant to minority shareholders.

Feb 2, 2024 8-K

Corporate ChangesExhibits & Filings

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Oct 25, 2023)

Southern Copper's (SCCO) 3Q23 results, furnished under Item 2.02 of this 8-K and released October 24, 2023, show strong top-line and profit growth. Net sales rose 16.2% year over year to $2,505.6 million, driven mainly by higher molybdenum (+47.4%) and silver (+23.6%) prices and by LME copper prices (+8.0%). Net income attributable to SCC grew 19.4% to $619.5 million, and adjusted EBITDA rose 26.8% to $1,290.6 million, lifting the adjusted EBITDA margin to 51.5% from 47.2%. Year-to-date cash flow from operations increased 76.2% to $3,032.1 million. Operationally, copper production was 226,120 tons in the quarter, slightly down year over year, with lower Peruvian output at Cuajone offset partly by Toquepala. Operating cash cost per pound of copper, net of by-product credits, fell 12.4% sequentially to $0.98, helped by a 16.8% rise in by-product revenue credits. Management highlighted cost control and a 1.6 million ton copper capacity target over the next decade. For shareholders, the Board declared a $1.00 per share dividend payable November 22, 2023, to holders of record on November 8, 2023. Investors should note the capital program exceeds $15 billion this decade, and the Buenavista Zinc concentrator ramp-up slipped from 4Q23 to 1Q24. Tia Maria and Los Chancas remain subject to permitting and community issues in Peru. The filing itself is brief; the substantive content is in the furnished press release.

Oct 25, 2023 8-K

SOUTHERN COPPER CORP/ 8-K Report, Code of Ethics Amendment (Oct 25, 2023)

Southern Copper Corporation (SCCO) filed a Form 8-K on October 25, 2023 to disclose an amendment and restatement of its Code of Business Conduct and Ethics (the "Ethics Code"). The Board of Directors approved the revised code on October 20, 2023. The principal change is an update to the portal used for the reporting management system. The company describes the remaining amendments as technical, administrative, and non-substantive. The filing discloses the amendment out of caution, in case any changes were deemed more than technical, and the company states that any substantive changes are not material. The Ethics Code applies to all directors, officers, and employees of the company and its subsidiaries, business units, branches, and affiliates, as well as other entities related to its mining operations. It sets out the basic standards of business practice and of professional and personal conduct expected of covered persons. The full amended code is available on the company's website under the "Corporate Governance" tab and is filed as Exhibit 14.1 to the 8-K. For investors, this is a routine governance filing with no reported financial impact. It contains no financial results, guidance, operational updates, or transactions. The filing is relevant mainly as evidence of ongoing compliance-policy maintenance, and it does not signal any operational or financial change at the company.

Oct 25, 2023 8-K

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Jul 28, 2023)

Southern Copper Corporation (SCCO) reported second-quarter 2023 results that were roughly flat on the top line but materially stronger on profitability. Net sales were $2,300.7 million, down only 0.3% year over year, as higher copper and zinc sales volumes (+12.1% and +12.9%) were offset by lower LME copper prices (-10.9%) and zinc prices (-35.4%). Net income attributable to SCC rose 26.6% to $547.5 million, with net margin expanding to 23.8% from 18.7%, driven largely by a 7.9% reduction in cost of sales tied to lower third-party copper concentrate purchases. Adjusted EBITDA increased 9.2% to $1,115.5 million, and operating cash flow for the first half rose 75.3% to $1,982.3 million, though part of that improvement reflected a working-capital swing linked to the prior-year Cuajone stoppage. Sequentially, second-quarter net income fell from $813.2 million in Q1 2023, reflecting lower copper prices and an accounting adjustment on 104,000 tons of open sales. Management guided to higher second-half output (481,300 tons of copper, 76,000 tons of zinc, 10.9 million ounces of silver) as the Buenavista zinc concentrator and Pilares project ramp up. The board declared a $1.00 per share dividend payable August 23, 2023 to holders of record on August 9, 2023, unchanged from the Q2 2023 quarterly rate and down from the $1.25 paid a year earlier. Investors should weigh the strong margin and cash generation against exposure to metal price volatility and the company's $15 billion-plus growth capital program, which remains heavily weighted toward Mexican and Peruvian projects with some permitting and social-license risk, notably Tia Maria and Los Chancas.

Jul 28, 2023 8-K

SOUTHERN COPPER CORP/ 8-K Report, Shareholder Vote Results (May 30, 2023)

Southern Copper Corporation (SCCO) filed an 8-K on May 29, 2023, detailing the outcomes of its 2023 Annual Meeting of Stockholders held on May 26, 2023. The meeting saw strong participation, with approximately 96.81% of outstanding shares eligible to vote being cast. The primary focus for investors in this filing is the shareholder voting results on key corporate governance matters. All proposals presented to shareholders passed with significant support. This includes the election of all nine directors, the ratification of the appointment of Galaz, Yamazaki, Ruiz Urquiza S.C. as the independent accountants, and the approval of the company's executive compensation. Furthermore, shareholders overwhelmingly recommended that future advisory votes on executive compensation be held annually.

May 30, 2023 8-K

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Apr 27, 2023)

Southern Copper (SCCO) reported first-quarter 2023 results on April 26, 2023, with net sales of $2,793.9 million, up 1.1% year over year, driven by higher copper (+10%), silver (+15.5%) and zinc (+6.4%) sales volumes, partly offset by lower molybdenum volumes (-7.9%) and weaker prices for most metals (LME copper down 10.6% year over year). Net income attributable to SCC rose 3.6% to $813.2 million, but adjusted EBITDA fell 6.6% to $1,567.9 million as the adjusted EBITDA margin contracted from 60.7% to 56.1%, largely because cost of sales rose 12.9% and operating cash costs per pound of copper, net of by-product credits, jumped 30.8% to $0.76. Operating cash flow increased 44.4% to $1,185.2 million, supported by higher sales and cost control. The Board declared a $1.00 per share dividend payable May 23, 2023 to holders of record on May 9, 2023, unchanged from the prior year. Management highlighted growth projects, including the Pilares mine (operating since 4Q22, adding 35,000 tons of annual copper capacity), the Buenavista zinc concentrator (targeted to start in 2H23, adding 100,000 tons of zinc and 20,000 tons of copper), and El Pilar (36,000 tons of copper, production expected in 2025). The company's capital program for the decade exceeds $15 billion, though several Peruvian projects, notably Tia Maria and Los Chancas, remain exposed to permitting and social or legal risks. This filing is an informational furnishing under Item 2.02, and the press release is not deemed filed under the Exchange Act.

Apr 27, 2023 8-K

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Feb 3, 2023)

Southern Copper (SCCO) reported 4Q22 net sales of $2,820.3 million, flat versus 4Q21, and net income of $902.4 million, up 8.3% year over year, with a 32.0% net income margin. For full-year 2022, results were weaker: net sales fell 8.1% to $10,047.9 million, net income declined 22.3% to $2,638.5 million, and adjusted EBITDA dropped 21.7% to $5,365.3 million. Lower copper volumes (-6.6% mined production, including the Cuajone stoppage), lower copper prices (-5.4% average) and a sharp drop in operating cash flow (-34.7% to $2,802.5 million) drove the annual decline. Quarterly sequential improvement was notable, with 4Q22 unit operating cash cost net of by-product credits at $0.45/lb, down from $1.03 in 3Q22, helped by a surge in molybdenum prices. The company declared a $1.00 per share dividend payable March 1, 2023 (record date February 14, 2023), and paid $3.50 per share in dividends during 2022. Management highlighted a capital investment program exceeding $15 billion this decade, with the Buenavista Zinc concentrator expected to start in 2H23 and the Pilares mine expected to feed the Caridad concentrator at full capacity in 2Q23. Management also flagged political unrest in Peru as a risk, though operations there were not affected as of the release date. Note that this 8-K furnishes the press release under Item 2.02 and is not deemed filed under Section 18 of the Exchange Act. For investors, the key takeaways are the strong 4Q22 cost position and cash generation offset by a challenging 2022 year, and a heavy growth capex cycle that will pressure free cash flow in the near term. Dividend payout of $3.50 in 2022 exceeded 2022 earnings per share of $3.41, and cash fell $932.3 million during the year, which investors should weigh against the dividend policy.

Feb 3, 2023 8-K

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Oct 28, 2022)

Southern Copper (SCCO) reported third-quarter 2022 results on October 27, 2022, showing a sharp year-over-year decline driven by lower metal prices and a 54-day illegal blockage at its Cuajone mine earlier in the year. Net sales were $2,156.9 million, down 19.5% from 3Q21, as copper prices fell 18.6%, molybdenum prices fell 13.2%, and silver prices fell 21.3%. Net income attributable to SCC was $519.0 million (down 40.2% year over year but up 20.1% sequentially), with a 24.1% net margin, and adjusted EBITDA was $1,017.9 million (47.2% margin), roughly flat versus 2Q22. Operating cash cost per pound of copper, net of by-product credits, rose to $1.03 from $0.58 in 3Q21 due to higher fuel, energy, and explosives costs and lower volumes, though it fell 5.7% sequentially. Operating cash flow improved to $590.1 million, up 90.4% from 2Q22, and capital investments were $227.9 million. Management said Peruvian operations are expected to reach 94% of the 2022 production plan of 360,900 tons after the Cuajone recovery, and copper production was 230,522 tons in the quarter, down 6.0% sequentially on lower ore grades and recoveries. The Board declared a $0.50 per share dividend payable November 23, 2022, to holders of record on November 9, 2022. Investors should weigh the strong cash generation and balance sheet (about $2.2 billion in cash against roughly $6.5 billion in total debt) against falling metal prices, rising unit costs, and ongoing project execution risk in Peru, including the Tia Maria and Los Chancas projects. The filing is furnished under Item 2.02 and is not deemed filed for Section 18 purposes, and it attaches the full earnings press release as Exhibit 99.1. The disclosure contains no new material corporate events beyond the earnings results and dividend declaration.

Oct 28, 2022 8-K

Corporate ChangesExhibits & Filings

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Jul 27, 2022)

Southern Copper reported weak second-quarter 2022 results, with net sales of $2,306.9 million, down 20.4% year over year, and net income attributable to SCC of $432.3 million, down 53.7%. Adjusted EBITDA fell 45.2% to $1,021.4 million, and the adjusted EBITDA margin compressed to 44.3% from 64.3%. Management attributed the decline mainly to lower copper prices (LME copper -1.8% year over year), a $173.5 million negative mark-to-market adjustment on unsettled sales, a 54-day stoppage at the Cuajone mine after its facilities were illegally seized, a $105.2 million sales reduction from an inventory build, and lower ore grades. Rising fuel, power and materials costs also weighed on margins. Copper production fell 12.1% quarter over quarter to 208,428 tons, and operating cash cost net of by-products rose to $1.10 per pound from $0.59. The balance sheet remains strong, with $2,113.1 million in cash and short-term investments of $242.6 million against total debt of roughly $6.5 billion. The Board declared a $0.75 per share dividend payable August 25, 2022, to holders of record on August 11, 2022. Management argues that the current low-price cycle is temporary and that long-term copper demand, supported by the energy transition, remains strong. The company also reiterated its growth pipeline, including Tia Maria, Los Chancas, Michiquillay and several Mexican projects, though Peruvian community and permitting disputes remain a key execution risk. For investors, the central questions are how quickly the Cuajone operation normalizes, whether copper prices recover, and whether the company can contain cost inflation while advancing its project pipeline amid social conflict in Peru. This filing is a Form 8-K furnishing the earnings press release under Item 2.02, so the information is furnished rather than filed.

Jul 27, 2022 8-K

SOUTHERN COPPER CORP/ 8-K Report, Code of Ethics Amendment (Jul 26, 2022)

Southern Copper Corporation (SCCO) filed an 8-K on July 25, 2022, to announce an amendment to its Code of Ethics and Business Conduct, effective July 21, 2022. The primary driver for this amendment was to ensure the Code aligns with the express language and requirements of Item 406 of Regulation S-K, as well as the regulations of the New York Stock Exchange. Additionally, the amendments aim to comply with the ethical requirements mandated by the various governmental authorities in the jurisdictions where the Company operates. These updates broaden the scope of the Code to explicitly cover all subsidiaries, business units, branches, affiliates, and other entities related to SCCO's mining operations, irrespective of the geographical location of their activities. While this filing does not contain new financial or operational data, it signals the company's commitment to maintaining robust ethical standards and regulatory compliance across its global operations, which is a key consideration for investors assessing corporate governance and risk management.

Jul 26, 2022 8-K

SOUTHERN COPPER CORP/ 8-K Report, Shareholder Vote Results (Jun 1, 2022)

Southern Copper Corporation (SCCO) held its 2022 Annual Meeting of Stockholders on May 27, 2022, with a strong turnout of approximately 96.56% of outstanding shares voting. The meeting's primary purpose was to vote on key corporate matters, including the election of directors, amendments to executive compensation plans, and the ratification of independent auditors. All proposals presented to shareholders passed with overwhelming support, indicating broad shareholder confidence in the company's leadership and governance. Key outcomes include the re-election of all nine directors, the approval of an amendment to extend the Directors' Stock Award Plan for five years, and the ratification of the appointment of Galaz, Yamazaki, Ruiz Urquiza S.C. as independent accountants for 2022. Shareholder approval was also granted for the company's executive compensation through a non-binding advisory vote. A shareholder proposal, however, did not receive majority support. This consistent shareholder approval across critical agenda items suggests stability and alignment between management and its investors.

Jun 1, 2022 8-K

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (May 3, 2022)

Southern Copper reported first-quarter 2022 results with net sales of $2,763.8 million, up 9.1% year over year, driven mainly by higher metal prices (LME copper +17.7%, molybdenum +69.7%, zinc +36.0%, gold +4.2%). Net income attributable to SCC rose 2.7% to $784.7 million, or $1.02 per share, while adjusted EBITDA grew 8.0% to $1,678.4 million. The adjusted EBITDA margin slipped to 60.7% from 61.4%, and the net income margin fell to 28.4% from 30.2%, reflecting higher costs and taxes. Operating cash flow increased 4.9% to $820.7 million, and the operating cash cost net of by-product credits fell 24.9% to $0.56 per pound of copper. The main operational negative was a stoppage at the Cuajone mine, which began February 28, 2022, when protesters seized the Viña Blanca water reservoir and the railway linking Cuajone to Ilo. Operations were restored after a state of emergency was declared on April 20 and the facilities were returned on April 21. Management says Cuajone and the industrial railroad are now at full capacity. Copper production fell 10.0% (about 23,922 tons) quarter over quarter, with Cuajone accounting for roughly 15,278 tons of the decline. Mined silver fell 13.4%, with Cuajone responsible for about 220,000 ounces of the drop. Ongoing community dialogue, including a three-party round table set up on April 30, is a source of residual risk. The board authorized a $1.25 per share dividend, payable May 31, 2022, to holders of record on May 17, 2022. Capital investments were $205.2 million, down 11.8%, and the company ended the quarter with $2.85 billion in cash and equivalents. Management also updated its Peruvian and Mexican growth pipeline, including Tía María, Michiquillay, Los Chancas, Buenavista Zinc (operations expected 2H23), and El Pilar (production expected 2024). This document is a furnished 8-K under Item 2.02, so the financial information is not deemed filed under the Exchange Act.

May 3, 2022 8-K

SOUTHERN COPPER CORP/ 8-K Report, Corporate Update (Apr 27, 2022)

Southern Copper Corporation (SCCO) has reported the resolution of an illegal blockade and occupation affecting its Cuajone mine in Peru. Community members from the Tumilaca, Pocata, Coscore and Tala Community, who had unlawfully blocked the railroad access and occupied the Viña Blanca water reservoir, have withdrawn from these sites as of April 22, 2022. This development is crucial for restoring operational stability at the Cuajone mine.

Apr 27, 2022 8-K

SOUTHERN COPPER CORP/ 8-K Report, Corporate Update (Mar 15, 2022)

Southern Copper Corporation (SCCO) disclosed a significant operational disruption at its Cuajone mine in Peru. A group from the Tumilaca, Pocata, Coscore, and Tala rural communities has illegally occupied the Viña Blanca reservoir for a second time, cutting off the water supply to the mine and its associated townsite. This action directly threatens the well-being of approximately 5,000 residents and has paralyzed copper production from the Cuajone mine, a key asset for the company. The company, through its Peruvian branch (SPCC), denies allegations of land usurpation, stating that its mining concessions and rights were legally granted by the Peruvian State in 1951 and have been in operation for over 45 years. SPCC has appealed to the Peruvian government and police to restore order and protect the water rights of the community, emphasizing its willingness to engage in dialogue once violent tactics cease.

Mar 15, 2022 8-K

Corporate ChangesExhibits & Filings

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Feb 2, 2022)

Southern Copper reported record fourth-quarter and full-year 2021 results, driven by higher metal prices. 4Q21 net sales rose 20.1% year over year to $2,823.7 million, and full-year 2021 net sales rose 36.9% to a record $10,934.1 million. Net income attributable to SCC reached a record $3,397.1 million for 2021 (about $4.39 per share), up 116.3%, and adjusted EBITDA hit a record $6,852.7 million with a 62.7% margin. Operating cash flow of $4,292.4 million was also a record. Note that the release contains some internal inconsistencies in net income figures (for example, $3,387.1 million in the narrative versus $3,397.1 million in the tables), so investors should verify figures against the full financial statements. Operationally, the picture was more mixed. Copper production fell 4.3% in 2021 to 958,200 tons, though this beat the 943,000-ton plan. Management attributed the decline to lower ore grades and recoveries under an optimized mining plan. Management guided to 922,000 tons for 2022, a recovery to about 1 million tons in 2023, and 1.8 million tons by the end of the decade as organic growth projects mature. Unit cash costs net of by-product credits rose 13.4% in 4Q21 to $0.76 per pound, but full-year costs fell 3.0% to $0.67 per pound because of higher by-product credits. Capital investment rose 50.7% to $892.3 million in 2021, and the company highlighted a large pipeline of Peruvian and Mexican projects, including Tia Maria, Los Chancas, Michiquillay, and El Arco. For shareholders, the board declared a $1.00 per-share dividend payable March 2, 2022, to holders of record on February 15, 2022. Total 2021 dividends paid were $3.20 per share, up from $1.50 in 2020. Because this 8-K furnishes the earnings press release under Item 2.02, the information is not deemed filed under Section 18 of the Exchange Act.

Feb 2, 2022 8-K

SOUTHERN COPPER CORP/ 8-K Report, Bylaw Amendment (Jan 31, 2022)

Southern Copper Corporation (SCCO) filed an 8-K on January 30, 2022, reporting an amendment to its By-Laws, effective January 27, 2022. The primary change involves the quorum requirement for Board of Directors meetings. Previously, a quorum required eight members; this has been reduced to a majority of the Board members. This amendment simplifies board meeting procedures by lowering the threshold for valid decision-making. Investors should note that while this change may facilitate more efficient board operations, it does not fundamentally alter the company's operational or financial performance as detailed in other filings. The full amended By-Laws are available as an exhibit.

Jan 31, 2022 8-K

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Oct 27, 2021)

Southern Copper (SCCO) reported third-quarter 2021 results that were very strong, driven primarily by higher metal prices. Net sales rose 25.9% year over year to $2,680.9 million, and net income attributable to SCC climbed 71.5% to $867.6 million, or $1.12 per share. Adjusted EBITDA reached $1,709.3 million, up 51.8%, with an adjusted EBITDA margin of 63.8%. Nine-month operating cash flow of $3,064.7 million was up 181.6%, and the operating cash cost per pound of copper net of by-product credits fell to $0.58 in 3Q21 from $0.65 a year earlier. Copper, molybdenum and zinc prices rose 43.6%, 143.5% and 28.3% year over year, respectively, which explains most of the top-line gain. Volumes were mixed. Copper production was 245,146 tons, down 0.6% quarter over quarter and 2.8% lower on a nine-month basis, and the company expects full-year 2021 copper output of 957,000 tons. Capital spending increased to $243.1 million in the quarter and $695.5 million year to date. The board declared a $1.00 per share dividend payable November 23, 2021 to holders of record on November 10, 2021. Management also highlighted progress on the Michiquillay social agreement and environmental approval, while the Tia Maria project in Peru still awaits government support to begin construction. For investors, the key takeaway is that record-level margins and cash generation are being driven by commodity prices rather than volume growth. Balance sheet strength is evident, with cash and short-term investments of about $3.2 billion against roughly $6.5 billion of long-term debt. Continued dividend payments and the company's large growth pipeline (Buenavista Zinc, Pilares, El Pilar, El Arco) depend heavily on sustained copper prices, Peruvian permitting outcomes and COVID-related operational stability.

Oct 27, 2021 8-K

Leadership ChangesExhibits & Filings

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Jul 27, 2021)

Southern Copper Corporation (SCCO) reported exceptionally strong second-quarter 2021 results, with net sales of $2,897.0 million, up 62.3% year over year, driven primarily by higher metal prices (LME copper +81.8%, molybdenum +68.6%, zinc +48.3%, silver +61.9%). Net income attributable to SCC rose 259.4% to $932.7 million, a 32.2% net margin versus 14.5% a year earlier, and adjusted EBITDA reached $1,862.4 million, a 64.3% margin. Operating cash flow for the first half was $1,844.2 million, up 106.2%, and the company's cash and short-term investments were roughly $2.9 billion at June 30, 2021. Operationally, copper production fell 6.3% quarter over quarter to 237,110 tons, reflecting lower ore grades and rescheduled stripping and maintenance work that was postponed in 2020. Management still expects full-year 2021 copper output of 960,000 tons. Operating cash cost per pound of copper net of by-product credits improved 11.5% to $0.59, helped by higher by-product revenues. Capital spending rose to $219.8 million in the quarter, and the Board declared a $0.90 per share dividend payable August 26, 2021. The filing also highlights a pipeline of growth projects in Peru and Mexico, including Tia Maria, Buenavista Zinc, Pilares, El Pilar and El Arco, along with management commentary on Peru's incoming government and the progressive special mining tax and royalty regime. Investors should weigh the strong commodity-driven earnings against the cyclical nature of metal prices, the pace of Peru permitting for Tia Maria, and the company's ongoing capital commitments.

Jul 27, 2021 8-K

SOUTHERN COPPER CORP/ 8-K Report, Executive Changes (Jul 23, 2021)

Southern Copper Corporation (SCCO) filed an 8-K on July 22, 2021, reporting a change in its Board of Directors. Mr. Rafael MacGregor Anciola resigned from his position as a director and as a member of the Audit Committee, effective July 21, 2021, citing a desire to pursue other professional interests. The company stated there were no disagreements with Mr. MacGregor Anciola regarding his departure. In response to this vacancy, the Board of Directors appointed Mr. Vicente Ariztegui Andreve to the Audit Committee. This filing primarily signals a routine board succession and does not appear to involve any significant financial developments or strategic shifts for the company based on the provided information. Investors should note this as a governance update.

Jul 23, 2021 8-K

SOUTHERN COPPER CORP/ 8-K Report, Shareholder Vote Results (Jun 2, 2021)

This 8-K filing from Southern Copper Corp. (SCCO) reports on the outcomes of its 2021 Annual Meeting of Stockholders held on May 28, 2021. The meeting saw overwhelming participation, with approximately 96.58% of outstanding voting shares represented. Key outcomes include the election of all ten directors, the ratification of the appointment of Galaz, Yamazaki, Ruiz Urquiza S.C. as independent accountants for 2021, and the advisory approval of the company's executive compensation. Of particular note for investors is the strong support for the company's proposed slate of directors and its executive compensation plan, indicating continued confidence from shareholders in the current leadership and governance. The ratification of the independent auditors is also a routine but important step in maintaining financial transparency and integrity. However, a shareholder proposal, detailed in the proxy statement, did not receive majority support.

Jun 2, 2021 8-K

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Apr 28, 2021)

Southern Copper (SCCO) reported strong first-quarter 2021 results, with net sales up 47.3% year-over-year to $2,532.5 million and net income attributable to SCC up 255.6% to $763.8 million (a 30.2% net margin). The surge was driven overwhelmingly by price rather than volume: LME copper averaged $3.85/lb (+50.4% YoY), silver rose 55.8% and zinc 28.9%, while copper sales volumes fell 4.5% and zinc sales volumes fell 56.7%. Adjusted EBITDA reached $1,554.5 million, a 61.4% margin, and operating cash cost net of by-products fell to $0.74/lb from $0.77/lb, aided by a 18.5% rise in by-product revenues. The key capital allocation signal is the Board's authorization of a $0.70 per share dividend, payable May 25, 2021 to holders of record on May 11, 2021, up from $0.40 per share in the year-earlier quarter's dividends paid. First-quarter dividends paid totaled $463.8 million, and the company ended the quarter with $2.27 billion in cash and $6.55 billion in long-term debt. Capital investments rose 130.3% to $232.6 million, and management flagged minor COVID-related delays in project execution, particularly in construction-intensive activities in Peru and Mexico. For investors, the quarter illustrates how sharply SCCO's earnings track copper prices, with volumes slightly down and operating costs broadly flat. Project pipeline items to monitor include Tia Maria, where construction still awaits Peruvian government support, and the Mexican Buenavista zinc, Pilares, and El Pilar projects, which management guided to start production between 2022 and 2023. Note that this 8-K furnishes the press release under Item 2.02 and is not deemed "filed" under the Exchange Act.

Apr 28, 2021 8-K

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Jan 27, 2021)

Southern Copper reported strong fourth-quarter and full-year 2020 results, with record production and sharply higher quarterly profitability. Q4 2020 sales rose 26.7% year over year to $2,350.7 million, and net income attributable to SCC rose 93.1% to $590.2 million, or $0.76 per share. For the full year, sales grew 9.6% to $7,984.9 million, net income attributable to SCC increased 5.7% to $1,570.4 million, and adjusted EBITDA reached $3,868.8 million, up 9.7%. Management attributed the gains mainly to higher copper, silver and zinc prices, along with higher sales volumes and lower unit costs. Operationally, 2020 copper production exceeded 1 million tons for the first time, and molybdenum (30,248 tons) and silver (21.5 million ounces) also hit records. The operating cash cost net of by-product credits fell to $0.69 per pound in 2020 from $0.88 in 2019, and to $0.67 in Q4 2020, which supports margins. Operating cash flow rose 45.6% to about $2.78 billion, while capital investment fell 16.3% to $592.2 million. The company's board authorized a $0.60 per share dividend payable February 24, 2021, to holders of record on February 10, 2021. Key risks for investors include the pace of Peruvian project approvals (notably Tia Maria, where management is still waiting for government support), COVID-19-related construction delays, and copper price sensitivity. The filing is furnished under Item 2.02 rather than filed, and the press release figures are unaudited.

Jan 27, 2021 8-K

Shareholder MattersCorporate ChangesExhibits & Filings

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Oct 27, 2020)

Southern Copper Corporation (SCCO) reported third-quarter 2020 results furnished under Item 2.02 of this 8-K, showing a strong quarter driven by higher metal prices and sales volumes. Net sales rose 14.5% year-over-year to $2,129.1 million, net income attributable to SCC climbed 29.9% to $506.0 million (EPS $0.65), and adjusted EBITDA increased 24.0% to $1,125.9 million, with the adjusted EBITDA margin expanding to 52.9% from 48.8%. Operating cash cost net of by-product credits fell 21.7% to $0.65 per pound of copper, a notable cost improvement. Year-to-date, nine-month net sales were up 3.7%, but net income fell 16.9% to $980.3 million and adjusted EBITDA declined 4.6%, reflecting weaker prices earlier in the year and lower copper output in Peru. The quarter's results were supported by copper prices (LME up 12.5% year-over-year) and silver prices (up 44.8%), partly offset by a 35.6% drop in molybdenum prices. Copper production fell 2.3% to 246,560 tons, mainly due to lower ore grades at Peruvian mines, while molybdenum, zinc and silver sales volumes increased. Operating cash flow for nine months rose 23.2% to $1,688.0 million, and cash and equivalents reached $2,145.4 million at quarter-end, with total long-term debt of about $6.5 billion. The company declared a $0.50 per share dividend payable November 24, 2020, to holders of record on November 11, 2020. Management highlighted COVID-19 related sanitary measures, a gradual return of the workforce, and progress on growth projects, including Tia Maria in Peru (where construction still awaits government support) and several Mexican projects such as Buenavista Zinc, Pilares and El Pilar. Investors should weigh the strong cost position and cash generation against Peru-related permitting and social risks and the sharp year-to-date earnings decline.

Oct 27, 2020 8-K

SOUTHERN COPPER CORP/ 8-K Report, Bylaw Amendment (Jul 28, 2020)

Southern Copper Corporation (SCCO) filed an 8-K on July 28, 2020, detailing key governance and shareholder engagement updates. The company's Board of Directors amended its By-Laws to permit virtual or hybrid stockholder meetings, a significant adaptation in response to the COVID-19 pandemic. This move aims to ensure continued stockholder participation in corporate governance regardless of physical gathering limitations, offering flexibility for both in-person and remote attendance. Furthermore, the 8-K reports the outcomes of SCCO's 2020 Annual Meeting of Stockholders held on July 24, 2020. The meeting saw a high turnout, with over 96.92% of outstanding shares represented. Key resolutions passed with strong support, including the election of all ten directors, the ratification of the independent auditor (Galaz, Yamazaki, Ruiz Urquiza S.C., a member firm of Deloitte Touche Tohmatsu Limited) for calendar year 2020, and the advisory approval of executive compensation. These outcomes suggest continued confidence from shareholders in the company's leadership and financial oversight.

Jul 28, 2020 8-K

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Jul 28, 2020)

Southern Copper Corporation (SCCO) reported second-quarter 2020 results with net sales of $1,785.4 million, down 1.8% year over year but up 3.8% quarter over quarter. Volume gains were substantial: copper sales rose 11.0%, molybdenum 15.4%, and silver 28.1%. These gains were offset by lower average prices, with LME copper down 12.6%, molybdenum down 32.1%, and zinc down 28.8%. Net income fell 35.5% to $259.5 million, and net margin compressed to 14.5% from 22.1%. Adjusted EBITDA declined 18.3% to $770.0 million, with the margin falling to 43.1% from 51.9%. Operating costs rose 9.4%, driven by higher sales volumes, leachable material costs, and third-party copper purchases, partly offset by lower fuel costs and currency effects. Operationally, copper production was roughly flat at 253,097 tons (down 1.3%), with Buenavista declining on lower ore grades and Cuajone and Peruvian mines improving. The operating cash cost per pound of copper, net of by-product credits, improved 16.7% to $0.67 from $0.81, which is a meaningful cost-competitiveness signal in a weaker price environment. Cash flow from operations rose 13.9% to $894.5 million for the first half, and capital investments fell 37.2% in the quarter to $113.3 million. The board declared a $0.40 per share dividend payable August 25, 2020, to holders of record on August 12, 2020. Management emphasized COVID-19 safety measures and stated that the company is operating in compliance with local emergency rules while continuing its project pipeline, including Buenavista Zinc, Pilares, El Pilar, and Tia Maria. The company does not expect significant project delays. Investors should weigh the strong volume and cost performance against the sharp decline in earnings driven by lower metal prices. Note that this 8-K furnishes the earnings release under Item 2.02 and is not deemed filed under the Exchange Act.

Jul 28, 2020 8-K