Southern Copper (SCCO) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $0.94 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.31%. A quarter ago, it was expected that this miner would post earnings of $1.02 per share when it actually produced earnings of $1.01, delivering a surprise of -0.98%.Over the last four quarters, the company has ...

Financial Performance - 1Q25 net sales reached $3,121.9 million, a 20.1% increase compared to 1Q24, driven by higher sales volumes of copper (+3.6%), molybdenum (+9.9%), zinc (+42.4%), and silver (+14.1%) as well as rising metal prices[1] - Net income for 1Q25 was $945.9 million, reflecting a 28.5% improvement from $736.0 million in 1Q24, with a net income margin of 30.3%[3] - Adjusted EBITDA for 1Q25 was $1,745.6 million, up 23.1% from $1,417.7 million in 1Q24, resulting in an adjusted EBITDA margin of 55.9%[3] - Operating income for Q1 2025 was $1,535.5 million, a 29.1% increase from $1,189.7 million in Q1 2024[38] - Net income attributable to Southern Copper Corporation increased by 28.5% to $945.9 million in Q1 2025 from $736.0 million in Q1 2024[38] - Adjusted EBITDA for Q1 2025 was $1,745.6 million, compared to $1,417.7 million in Q1 2024, indicating a year-over-year growth of 23.1%[51] - Income taxes for Q1 2025 amounted to $532.8 million, compared to $423.4 million in Q1 2024, marking a 25.9% increase[51] - Interest expense for Q1 2025 was $91.9 million, up from $80.5 million in Q1 2024, indicating a 17.5% rise[51] - Depreciation, amortization, and depletion costs were $223.8 million in Q1 2025, compared to $209.0 million in Q1 2024, reflecting a 7.1% increase[51] Production and Sales - Total copper production for Q1 2025 was 242,004 tons, a slight increase of 0.6% from 240,679 tons in Q1 2024[37] - Molybdenum sales rose by 9.9% to 7,731 tons in Q1 2025, up from 7,036 tons in Q1 2024[37] - Zinc sales increased significantly by 42.4% to 36,530 tons in Q1 2025 compared to 25,653 tons in Q1 2024[37] - Total pounds of copper produced in Q1 2025 reached 511.6 million, slightly up from 510.8 million in Q1 2024[54] Costs and Expenses - Operating cash cost per pound of copper decreased to $0.77, down 28.5% from $1.07 in 1Q24, due to lower operating costs and increased by-product revenue credits[9] - Operating cash cost per pound of copper produced before by-product revenues was $205.3 in Q1 2025, a decrease from $211.2 in Q1 2024, reflecting a 2.8% improvement[54] - Operating cash cost net of by-products revenue for Q1 2025 was $76.6 per pound, down from $107.0 in Q1 2024, showing a significant reduction of 28.4%[54] - The company reported a decrease in by-products revenue to $658.5 million in Q1 2025 from $532.2 million in Q1 2024, which is a 23.7% increase[54] Capital Investments and Projects - Capital investments in 1Q25 totaled $317.8 million, a 48.6% increase compared to $213.8 million in 1Q24, representing 34% of net income[9] - The Tia Maria project in Peru is expected to generate $18.2 billion in exports and contribute $3.8 billion in taxes and royalties over its first 20 years, with a budget set at $1,802 million[18] - The Los Chancas project in Peru has estimated copper resources of 98 million tons with operations expected to begin in 2031, requiring an estimated capital investment of $2.6 billion[22] - The Michiquillay project is projected to produce 225,000 tons of copper annually with an investment of approximately $2.5 billion, expected to start operations by 2032[24] - The company plans to invest over $600 million in 2025 for modernization and improvements in water usage and tailings management at its Mexican operations[14] Employment and Community Impact - The company generated more than 628 jobs for the Tia Maria project, with a goal to fill 3,500 jobs during the construction phase with local applicants[19] Cash and Assets - Cash and cash equivalents as of March 31, 2025, were $4,116.3 million, up from $1,252.2 million a year earlier[39] - Total assets increased to $19,791.2 million as of March 31, 2025, compared to $16,789.3 million a year prior[39] - Dividends paid increased by 75.0% to $1.40 per share in Q1 2025 from $0.80 per share in Q1 2024[38]

美国铜行业的主要玩家们向总统特朗普建议，应该限制矿石和精炼铜的出口，而不是加征进口关税。 铜矿概念股涨跌各异，Ero跌3.57%，美国铜指数基金跌1.4%，南方铜业公司和自由港跌超1%，铜矿 ETF跌0.7%，McEwen矿业跌0.1%，Hudbay矿业则涨0.57%。 ...

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Southern Copper (SCCO) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this miner have returned -11.4%, compared to the Zacks S&P 500 composite's -6.1% change. During this period, the Zacks Mining - Non Ferrous industry, which Southern Copper falls in, has lost 14.1%. The key question now is: What could be the stock's future direction ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Styl ...

Southern Copper (SCCO) closed the most recent trading day at $96.84, moving -0.88% from the previous trading session. This change lagged the S&P 500's 0.33% loss on the day. At the same time, the Dow lost 0.37%, and the tech-heavy Nasdaq lost 0.53%.Heading into today, shares of the miner had gained 4.77% over the past month, outpacing the Basic Materials sector's gain of 0.7% and the S&P 500's loss of 4.03% in that time.Investors will be eagerly watching for the performance of Southern Copper in its upcomin ...

In the latest market close, Southern Copper (SCCO) reached $100.41, with a +1.2% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.08%. Meanwhile, the Dow experienced a rise of 0.08%, and the technology-dominated Nasdaq saw an increase of 0.52%.Heading into today, shares of the miner had gained 1.43% over the past month, outpacing the Basic Materials sector's loss of 1.45% and the S&P 500's loss of 7.33% in that time.The investment community will b ...

It has been about a month since the last earnings report for Southern Copper (SCCO) . Shares have lost about 5.6% in that time frame, outperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Southern Copper due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Th ...

Financial Performance - In 2024, net sales reached a record high of $11,433.4 million, reflecting a 15.5% increase compared to 2023, driven by higher prices for copper (+7.8%), silver (+20.7%), and zinc (+5.0%), along with increased sales volumes of copper (+5.5%), molybdenum (+7.9%), silver (+15.7%), and zinc (+44.6%) [660]. - Operating income for 2024 was $5,554.7 million, an increase of 32.5% compared to 2023, while net income attributable to the company was $3,376.8 million, up 39.2% from the previous year [659]. - The company reported a 10.5% increase in copper sales volumes, alongside a 33.4% increase in molybdenum sales volumes in 2024 compared to 2023 [675]. - Net income for 2024 was $3,388.6 million, representing 76.6% of the net operating cash flow [690]. - Operating costs and expenses rose to $5,878.7 million in 2024, an increase of $175.2 million from $5,703.5 million in 2023, primarily due to higher labor costs and repair materials [666]. Employee Development and Safety - In 2024, the company invested over $4.8 million in employee development, delivering more than 646,000 hours of formal instruction [41]. - The company’s retention rate is around 90%, with more than 48% of positions filled by internal employees [53]. - Southern Copper Corporation achieved a 28% reduction in employee accidents involving lost-time injuries in 2024 compared to 2023 [610]. - The company has implemented a Behavioral Safety Program to promote safe practices among employees, aiming to reduce accident rates [619]. Community and Environmental Initiatives - The company has made significant expenditures for community programs as part of its corporate social responsibility policy, promoting sustainable development in local areas [56]. - Renewable energy consumption increased from 23% to 36% in 2023, surpassing the 2027 target of 25% [635]. - The Fenicias wind park is expected to reduce CO2 emissions by approximately 250,000 tonnes per year, equivalent to 7% of the company's carbon footprint [634]. - The company is committed to improving biodiversity, receiving certification for efforts to prevent the extinction of the Mexican grey wolf [625]. Capital Investments and Projects - Capital investments in 2024 totaled $1,027.3 million, with $756.0 million allocated to Mexican operations and $271.3 million to Peruvian operations [690]. - The Tia Maria project in Arequipa, Peru, has a budget set at $1,802 million and is expected to generate $17.5 billion in exports and contribute $3.4 billion in taxes and royalties over the first 20 years of operation [598]. - The company plans to invest more than $600 million in 2025 for modernization and improvements in water usage and tailings management [592]. - The company has engaged in project development and environmental activities for the El Pilar project, which is expected to have a mine life of 13 years [595]. Market and Pricing Trends - The average per pound COMEX copper price over the last 5 years was $3.83, while the average LME copper price was $3.81 [37]. - The average copper price (LME) in 2024 was $4.15 per pound, a 7.8% increase from 2023, while the average molybdenum price decreased by 10.6% to $21.21 per pound [661]. - The average price per pound of zinc over the last 5 years was $1.29 [39]. Labor Relations - As of December 31, 2024, the company had 16,133 employees, with approximately 66% covered by collective labor agreements [40]. - In 2024, the company signed long-term extensions of collective bargaining agreements with five unions, lasting six years, and made a signing payment totaling approximately $62 million to over 2,000 workers [67]. - As of December 31, 2024, 56.9% of the 5,120 employees in Peru were unionized, with six separate unions representing them [64]. Financial Management and Debt - Total debt as of December 31, 2024, was $6,258.3 million, slightly up from $6,254.6 million in 2023, with a fixed interest rate of 5.82% [698]. - The company expects to meet cash requirements for 2025 and beyond from cash on hand and internally generated funds, with the ability to access additional external financing if needed [694]. - The company received orders for $3.5 billion during a recent marketing effort, indicating strong demand for its debt offerings [700].