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

Reports
Other Events·Exhibits & Filings
Filing Date
Filed June 26, 2026
Period End
June 24, 2026
Security
SCCO
In the record · 2016–202610-K1510-Q328-K86

SCCO filed 15 annual reports (10-K), 32 quarterly reports (10-Q) and 86 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Jul ’21Jul ’21
  2. Leadership change8-K · Jul ’25Jul ’25

01—Abstract

Summary

Summary of the 8-K filed June 26, 2026. Cited figures are marked; the original filing is the authoritative source.

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 billiona 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%b 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 billionc, 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 billiond 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.

02—Key points

Key Highlights

  1. SPCC raised US$1.25 billion via a New York bond offering to fund the Tía María copper project
  2. Bonds carry a 5.35% annual interest rate with maturity in 2036
  3. Tía María is expected to produce 120,000 metric tons per year of refined copper using SX-EW technology, with operations starting Q3 2027
  4. Total Tía María capital budget is US$1.8 billion, of which US$948 million is already committed
  5. Projected 20-year outputs at current copper prices: ~US$24.1 billion in exports and US$6.2 billion in taxes and royalties
  6. Michiquillay project (Cajamarca) targets ~225,000 tpy of copper, with ~US$2.5 billion investment and production expected in 2032
  7. The 8-K is informational only (Item 8.01/9.01); it is furnished, not filed, and includes no financial statements or guidance

03—Questions

Frequently Asked Questions

  1. How much did Southern Peru Copper raise, and what are the terms?

    SPCC raised US$1.25 billion through a bond offering in the New York market. The securities pay 5.35% annually and mature in 2036.

  2. What is the Tía María project and when will it start production?

    Tía María is a copper project in Arequipa, Peru, with planned annual capacity of 120,000 metric tons of refined copper using SX-EW technology. Operations are expected to begin in the third quarter of 2027.

  3. How much of the Tía María project is funded?

    The total capital budget is US$1.8 billion, and US$948 million has already been committed. The US$1.25 billion bond proceeds would cover a large portion of the remaining need, though the release does not give a detailed funding breakdown.

  4. Does this bond issuance affect Southern Copper's consolidated financials?

    The 8-K does not address this. The notes were issued by SPCC, a Peruvian branch, and the filing does not state whether the parent guarantees them or how the debt affects consolidated leverage. Investors should review the company's periodic reports and the bond offering documents for those details.

  5. What other growth projects does SPCC have?

    The release highlights the Michiquillay project in Cajamarca, which is expected to produce about 225,000 metric tons of copper per year over an initial mine life of more than 25 years. It has an estimated investment of about US$2.5 billion and is expected to begin production in 2032.

04—Continue

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