HIGHLIGHTS2,500m diamond drilling programme to commence at Chancho al Palo, targeting a range of porphyry and iron oxide copper-gold ("IOCG") targets.Ilo Este mining agency drill permit approved, with a diamond drilling program expected to commence in June 20251, targeting highly prospective copper targets.Induced polarisation ("IP") survey at the Cinto copper-gold project near completion.West Leederville, Western Australia--(Newsfile Corp. - May 22, 2025) - Solis Minerals Limited (ASX: SLM) (TSXV: SLMN) ( ...

南方铜业公司：预计（美国总统特朗普挑起的）关税将造成本公司成本上升1%-3%。 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-14066 SOUTHERN COPPER CORPORATION (Exact name of registrant as specified in its charter) Delaware 13-3849074 (State or ot ...

Group 1 - Southern Copper expects stable copper sales despite uncertainties in tariff policies, with demand shifting from construction to energy and technology sectors [1] - The CFO of Southern Copper, Raul Jacob, maintains a positive outlook on the copper market, predicting a transition in demand from infrastructure to new energy technologies and artificial intelligence [1] - Solar power generation requires more copper than traditional carbon power, and the development of AI also necessitates significant amounts of copper, zinc, and silver, supporting price stability in the coming years [1] Group 2 - In Q1 2025, Southern Copper produced 242,004 tons of copper, an increase from 240,679 tons in the same period last year, with production growth of 11.6% at the Toquepala mine in Peru [1] - The company is prepared to shift exports to other markets if necessary, despite the U.S. suspending a 25% copper tariff, which will help mitigate external shocks [1] - The Tia Maria project in Arequipa has seen 61% completion in road and platform construction, with updated capital expenditures of $200 million for this year, $980 million for 2026, and $46 million for 2027 [2] - The Tia Maria project is expected to produce 120,000 tons annually, and there is high social acceptance with minimal opposition [2]

Financial Data and Key Metrics Changes - The London Metal Exchange copper price increased by 11% from an average of $3.83 per pound in Q1 2024 to $4.24 in Q1 2025 [4] - Net sales for Q1 2025 were $3 billion, a 20% increase compared to Q1 2024 [14] - Net income for Q1 2025 was $946 million, representing a 29% improvement from $736 million in Q1 2024 [20] - Adjusted EBITDA for Q1 2025 was $1.746 billion, a 23% increase from $1.418 billion in Q1 2024 [16] - Operating cash cost per pound of copper before byproduct credits was $2.05, a 12% decrease from $2.32 in Q4 2024 [17] Business Line Data and Key Metrics Changes - Copper production remained stable at 240,226 tons in Q1 2025, with copper representing 78% of sales [7] - Molybdenum production rose by 9% in Q1 2025 compared to Q1 2024, driven by higher ore grades [10] - Silver sales increased by 58% due to higher prices and larger volumes, with silver representing 6% of sales [11] - Zinc production increased by 49% compared to Q1 2024, totaling 39,375 tons, mainly due to the new Buena Vista Zinc Concentrator [13] Market Data and Key Metrics Changes - The copper market is expected to have a deficit of about 300,000 metric tons by year-end [4] - Copper inventories worldwide are estimated to cover about one week of global net demand [5] - Molybdenum prices averaged $20.43 per pound in Q1 2025, a 3% increase from Q1 2024 [9] - Zinc prices averaged $1.29 per pound in Q1 2025, a 16% increase compared to Q1 2024 [12] Company Strategy and Development Direction - The company plans to invest over $15 billion in capital projects throughout the decade, focusing on modernization and efficiency [21] - The Tia Maria project is expected to generate significant local employment and is progressing well despite previous protests [23][80] - The company is exploring new opportunities in Mexico, including potential projects in Michoacan and Zacatecas [55] Management's Comments on Operating Environment and Future Outlook - Management maintains a positive long-term outlook for copper, despite concerns about a potential trade war affecting global demand [6][92] - The company expects cash costs for copper to remain in the range of $0.75 to $0.80 per pound for 2025 [37][99] - Management believes that the current market conditions will allow for continued production stability and potential growth in the coming years [76][92] Other Important Information - The company announced a quarterly cash dividend of $0.70 per share and a stock dividend of 0.00999 shares per common stock [30] - The company has received recognition for its social practices and contributions to local communities in Mexico and Peru [29] Q&A Session Summary Question: How should cash costs evolve for the rest of the year? - Management expects cash costs to remain in the range of $0.75 to $0.80 per pound of copper for 2025, depending on market prices [36][37] Question: What is the expected capital expenditure for Tia Maria? - The company expects to spend less than $200 million on Tia Maria in 2025, with significant expenditures planned for subsequent years [42][43] Question: How is the company addressing potential tariffs on copper imports? - Management believes that if tariffs are imposed, they would reassign production to other markets to mitigate the impact [113][114] Question: What is the current status of the Tia Maria project and local community relations? - The project has gained significant local support, with protests being minimal compared to the population size [80][122] Question: How is the company managing costs compared to competitors? - The company maintains a cautious approach to costs and has invested in maintaining facilities, which has helped keep cash costs competitive [70][71]

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%。 ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several 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.It also includes access to the Zacks Style Scores. What a ...

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 ...