Summary
Southern Copper Corporation (SCCO) has filed an 8-K report detailing two key events that occurred around July 27-28, 2025. The company announced its second-quarter financial results, alongside a significant shareholder distribution plan. The Board of Directors has authorized a quarterly cash dividend of $0.80 per share and a stock dividend of 0.0101 shares per share. These dividends are payable on September 4, 2025, to shareholders of record as of August 15, 2025. Furthermore, the company has appointed Mr. Patricio Ovejas Simon as the new Executive Vice President, effective July 24, 2025. Mr. Ovejas Simon brings a wealth of experience from various executive roles in finance, IT, operations, and venture capital, including his recent position as CFO and Head of IT at Grupo Cinemex. This appointment signals a potential strengthening of the company's executive leadership and strategic capabilities.
Key Highlights
- 1SCCO announced a quarterly cash dividend of $0.80 per common share.
- 2A stock dividend of 0.0101 shares per common share was also authorized.
- 3Dividends are payable on September 4, 2025, with a record date of August 15, 2025.
- 4Cash will be paid in lieu of fractional shares, based on a share price of $99.47.
- 5Mr. Patricio Ovejas Simon appointed as new Executive Vice President, effective July 24, 2025.
- 6Mr. Ovejas Simon has extensive experience in finance, IT, operations, and venture capital.
- 7Press release with Q2 financial results was issued on July 28, 2025 (attached as Exhibit 99.1).