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SCCO

Southern Copper Corporation

SCCO

Southern Copper Corporation • NYSE
$134.78 ▲ 1.32% (+1.75)
Market Cap $110.16 B
52w High $143.66
52w Low $72.86
Dividend Yield 3.07%
P/E 29.11
Volume 926.11K
Outstanding Shares 817.35M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.377B ▲ $251.7M ▲ $1.108B ▲ 32.795% ▲ $1.35 ▲ $2.023B ▲
Q2-2025 $3.051B ▼ $32.5M ▲ $973.5M ▲ 31.908% ▲ $1.19 $1.844B ▲
Q1-2025 $3.122B ▲ $31.7M ▼ $945.9M ▲ 30.299% ▲ $1.19 ▲ $1.794B ▲
Q4-2024 $2.784B ▼ $34.5M ▲ $793.9M ▼ 28.513% ▼ $1.01 ▼ $1.546B ▼
Q3-2024 $2.931B $31.2M $896.7M 30.595% $1.15 $1.723B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $4.526B ▲ $20.332B ▲ $9.815B ▲ $10.45B ▲
Q2-2025 $4.01B ▼ $19.555B ▼ $9.501B ▼ $9.985B ▲
Q1-2025 $4.335B ▲ $19.791B ▲ $10.155B ▲ $9.568B ▲
Q4-2024 $3.503B ▲ $18.713B ▲ $9.475B ▲ $9.172B ▲
Q3-2024 $2.974B $18.416B $9.426B $8.921B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.111B ▲ $1.56B ▲ $-249.7M ▲ $-648.2M ▲ $614.6M ▲ $1.21B ▲
Q2-2025 $976.7M ▲ $976.8M ▲ $-692.9M ▼ $-1.06B ▼ $-781.4M ▼ $741.1M ▲
Q1-2025 $949.1M ▲ $721.4M ▼ $-290.7M ▼ $432.9M ▲ $858.2M ▲ $403.6M ▼
Q4-2024 $796.2M ▼ $1.361B ▼ $-161.8M ▲ $-554M ▼ $603.3M ▼ $1.125B ▼
Q3-2024 $896.7M $1.439B $-236M $-471M $779.5M $1.193B

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Copper
Copper
 $2.08Bn ▲$2.43Bn ▲$2.26Bn ▼$2.45Bn ▲
Molybdenum
Molybdenum
 $300.00M ▲$300.00M ▲$350.00M ▲$430.00M ▲
Other
Other
 $100.00M ▲$100.00M ▲$110.00M ▲$120.00M ▲
Silver
Silver
 $170.00M ▲$180.00M ▲$200.00M ▲$250.00M ▲
Zinc
Zinc
 $140.00M ▲$110.00M ▼$120.00M ▲$130.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Over the past five years, Southern Copper has shown very strong and fairly resilient profitability for a commodity producer. Revenue has moved up and down with copper prices, but has trended higher overall, with the most recent year being one of its strongest. Profit margins are notably high at every level – from gross profit through operating income and down to net income – which reflects a low-cost structure and good cost control. Earnings did soften a bit after a peak earlier in the cycle but have since recovered and now sit above prior highs, underlining the benefit of its low-cost assets when prices are supportive.

Balance Sheet

Balance Sheet The balance sheet looks solid and relatively conservative for a large mining company. Total assets have inched higher over time, while shareholder equity has built up steadily, which strengthens the company’s capital base. Debt has stayed broadly stable rather than rising aggressively, so leverage has gradually improved as equity and profits have grown. Cash on hand has increased meaningfully in the most recent year, giving the company more flexibility and a better cushion against commodity swings or project delays. Overall, the financial structure suggests resilience but still includes a noticeable level of long-term debt that must be managed through the cycle.

Cash Flow

Cash Flow Southern Copper consistently generates strong cash flow from its operations, and this has generally kept pace with its earnings performance. After funding its investment in new mines and equipment, it has regularly produced solid free cash flow, which is a key strength in a cyclical industry. Capital spending has been steady to slightly rising, indicating ongoing investment in growth projects and modernization, but not at a pace that overwhelms the company’s ability to fund it internally. This pattern of robust operating cash, disciplined investment, and remaining free cash supports both financial stability and capacity to pursue large projects over time.

Competitive Edge

Competitive Edge The company’s competitive position is one of its clearest strengths. It controls very large copper reserves, operates at low production costs, and is vertically integrated from mining through smelting and refining. This combination lets it stay profitable even when copper prices are weak and capture strong margins when prices are favorable. Its scale in key mining regions such as Mexico and Peru provides cost advantages and logistical efficiencies. By‑product metals like molybdenum, silver, and zinc meaningfully lower its effective cost of copper. Key risks to this position include exposure to political and social issues in host countries, environmental and permitting challenges, and the inherent volatility of global copper prices.

Innovation and R&D

Innovation and R&D Innovation at Southern Copper is practical rather than flashy, focused on efficiency, environmental performance, and reliability. The company has invested in advanced water management systems, power quality control, and modernization of smelters to cut emissions and improve uptime. It is also embedding better tailings, water handling, and processing technologies into its major growth projects. While it is not yet a clear leader in full “smart mining” automation and digitalization, it is developing internal digital tools and gradually adopting more modern systems. Much of its innovation spend is embedded in capital projects rather than traditional R&D lines, aimed at keeping costs low, meeting tougher environmental standards, and maintaining its social license to operate.

Summary

Southern Copper combines a powerful asset base with strong financial performance and a durable cost advantage. Profitability and cash generation have been robust across the last several years, even through commodity cycles, and the balance sheet has steadily strengthened with higher equity and growing cash. Its moat rests on very large reserves, low-cost operations, vertical integration, and meaningful by‑product credits. At the same time, the business remains highly exposed to copper price swings, large project execution, and political and community dynamics in its core countries. Future value will hinge on successfully bringing major new projects online, continuing to improve environmental and social practices, and gradually adopting more advanced technologies to preserve its low-cost edge over the long term.