Southern Copper Corp

Latest Results (22.04.2026):

Southern Copper Corp — 2Q25: The company reported 2Q25 net sales of $3,051.0 million (down 2.2% YoY), net income attributable to SCC of $973.4 million (up 2.4% YoY) and adjusted EBITDA of $1,790.9 million (down 0.3% YoY). On a year‑to‑date basis through 6M25, net sales rose 8.0% and adjusted EBITDA increased 10.0%, driven by higher volumes of zinc, silver and molybdenum and improved prices for copper, zinc and silver.

Sales & Profitability

2Q25 net sales: $3,051.0M (−2.2% vs 2Q24). 2Q25 net income attributable to SCC: $973.4M (+2.4% YoY); net income margin improved to 31.9% from 30.5% in 2Q24. YTD net income through 6M25: $1,919.4M (+13.8% YoY).

Adjusted EBITDA & Margins

2Q25 adjusted EBITDA: $1,790.9M (−0.3% YoY) with an adjusted EBITDA margin of 58.7% (vs 57.6% in 2Q24). 6M25 adjusted EBITDA: $3,536.5M (+10.0% YoY), margin 57.3% (vs 56.2% in 6M24).

Production & By‑product Volumes

Copper mined in 2Q25: 238,980 tonnes (down 1.4% QoQ / −1.0% total production YoY to 241,291 t). Copper sales: 224,063 t (−3.0% YoY). By‑products: mined zinc +56.0% YoY (45,899 t), mined silver +15.4% YoY and molybdenum +3.5% YoY—supporting stronger by‑product revenues YTD.

Unit Costs

Operating cash cost per pound of copper, net of by‑product credits, was $0.63 in 2Q25 (−17% YoY). For 6M25 the metric was $0.70/lb (−23.6% YoY), reflecting lower unit production costs and higher zinc and silver credits.

Cash Flow & Capital Spending

Cash flow from operations in 6M25: $1,698.2M (+4.7% YoY). 2Q25 capital investments: $235.7M (−29.0% YoY); 6M25 capex: $553.5M (light increase YoY of 1.4%).

Liquidity & Balance Sheet

Cash & cash equivalents at June 30, 2025: $3,334.9M; short‑term investments $675.4M. Long‑term debt at June 30, 2025: $6,748.2M. Total assets: $19,554.7M; shares outstanding: 804.1M.

Dividends

On July 24, 2025 the Board authorized a quarterly cash dividend of $0.80 per share plus a stock dividend of 0.0101 shares per share payable Sept 4, 2025 (record date Aug 15, 2025). Fractional shares to be paid in cash using $99.47 per‑share price for calculation.

Projects & Capital Program

Long‑term capital program >$15B this decade (Peru ~$10.3B, Mexico ~$10.2B pipeline). Active project updates include Tía María (budget $1.802B, construction progress and local hiring), Los Chancas, Michiquillay, El Arco and El Pilar; permitting and engineering milestones highlighted.

ESG & Recognition

Sustainability report independently verified; included in FTSE4Good indices; 24% reduction in lost time injury frequency since 2023; 39% of 2024 electricity from renewables; Copper Mark certification for all open‑pit operations and recognition for conservation efforts (Mexican gray wolf).