SCCO
Southern Copper Corporation140.27
-3.59-2.5%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
114.89BP/E (TTM)
30.30Basic EPS (TTM)
4.63Dividend Yield
0.02%Recent Filings
8-K
Record Q3 sales surge
Southern Copper posted record Q3 net sales of $3,377.3 million, up 15.2% from last year, fueled by surging silver, molybdenum, and zinc volumes despite a 3.6% copper sales dip. Net income climbed 23.5% to $1,107.6 million, with cash costs net of by-products plunging to $0.42 per pound—industry-low territory. Copper output fell 6.9% to 234,892 tonnes amid lower grades, yet by-product booms offset the hit. Board greenlit $0.90 cash plus 0.0085 stock dividend, payable November 28. Tariffs barely dented results.
10-Q
Q2 FY2025 results
Southern Copper's Q2 FY2025 results showed steady revenue at $3.1B, down 2.2% y/y from $3.1B but up 8.0% YTD to $6.2B, driven by higher zinc and silver volumes while copper sales dipped 3.0% y/y to 494M lbs. Operating income held firm at $1.6B, off 1.3% y/y yet up 11.6% YTD to $3.1B, with gross margins expanding to 52.0% from 49.0% y/y on lower costs and strong by-product credits; diluted EPS ticked up 0.3% y/y to $1.21, reconciling to 807.8M shares. Key drivers included full-capacity Buenavista zinc output boosting by-products, though Peruvian copper production fell 1.4% y/y to 526.9M lbs amid grade challenges. Liquidity strengthened with $3.3B cash and $675M short-term investments, total debt at $6.7B after $500M repayment, and $1.7B operating cash flow YTD yielding $1.1B FCF (derived). No material M&A; non-GAAP metrics not disclosed in the 10-Q. Copper prices remain volatile amid U.S. tariff risks.
8-K
Q2 earnings up despite sales dip
Southern Copper reported Q2 net sales of $3,051.0 million, down 2.2% from last year due to lower copper volumes and mixed metal prices, yet net income rose 2.4% to $973.4 million on reduced operating costs and higher by-product credits. Year-to-date, sales climbed 8.0% to $6,172.9 million, boosting net income 13.8% to $1,919.4 million while cash costs dropped 23.6% to $0.70 per pound. The board authorized a $0.80 quarterly cash dividend and 0.0101 stock dividend, payable September 4. Strong volumes lift profitability. SCC monitors U.S. trade policies for potential tariff impacts.
8-K
Annual meeting results
Southern Copper Corporation's stockholders overwhelmingly elected all nine directors at the May 23, 2025 annual meeting, with over 97% participation. They approved amendments extending the Directors' Stock Award Plan by three years and ratified Deloitte affiliate Galaz, Yamazaki, Ruiz Urquiza as auditors for 2025. Executive compensation gained strong advisory support. All nine directors re-elected.
10-Q
Q1 FY2025 results
Southern Copper's Q1 2025 results showed robust topline growth, with net sales climbing 20.1% year-over-year to $3,121.9 million on higher copper volumes (up 3.6% to 537.0 million pounds) and prices (LME up 10.7% to $4.24 per pound), alongside gains in molybdenum, silver, and zinc. Operating income surged 29.1% to $1,535.5 million, bolstered by a 14.0% rise in cost of sales to $1,319.2 million yet offset by stronger by-product credits; diluted EPS rose 25.3% to $1.19 on 792.5 million shares, reconciling cleanly with net income of $945.9 million attributable to SCC. Key drivers included steady copper production at 529.6 million pounds and a 49.3% zinc output jump from Buenavista's full-capacity concentrator, while Peruvian operations led with 23.1% sales growth. Liquidity strengthened with cash equivalents hitting $4,116.3 million (up from $3,258.1 million at year-end) and free cash flow of $403.6 million (derived from $721.4 million operating cash minus $317.8 million capex), though total debt rose to $7,247.0 million after a $1.0 billion note issuance in February 2025 due 2032 at 5.625%. No material M&A closed this quarter. Ongoing litigation over the Tia Maria project poses a balanced risk, with multiple suits pending resolution but prior court wins affirming environmental compliance.
IPO
Employees
Sector
Industry
BCUFF
Bell Copper Corp.
0.04+0.00
BVN
Buenaventura Mining Company Inc
28.11+0.40
COPR
Idaho Copper Corporation
16.00+0.00
CSCCF
CAPSTONE COPPER CORP.
9.48-0.25
FCX
Freeport-McMoRan, Inc.
47.54+0.02
HBM
Hudbay Minerals Inc.
18.57-0.28
MTAL
MAC Copper Limited
12.21+0.00
ORRCF
Oroco Resource Corp.
0.24-0.01
PMMCF
Andina Copper Corporation
0.42+0.00
SVM
Silvercorp Metals Inc.
8.59+0.03