How Southern Copper Stock Gained 60%

Core Insights - Southern Copper Corporation (SCCO) stock has surged by 57% year-to-date, driven by increased revenue, margin improvements, and a rising P/E multiple, indicating renewed investor confidence [2][3] Revenue and Earnings Performance - Revenue increased by 9.2%, with Q1 2025 sales rising by 20.1% to $3.12 billion and Q3 revenues up by 15.2% to $3.38 billion [3][8] - Net margin improved by 8.4% [3] - Earnings per share (EPS) for Q3 was reported at $1.35 [8] Copper Price and Market Dynamics - Copper prices have surged over 27% year-to-date, reaching record levels above $11,200 per metric ton due to limited supply [8] Project Developments - The Tia Maria project is 23% complete as of October 2025, with an exploitation license granted and production expected by 2027 [8] Cost Efficiency and By-product Growth - Operating cash cost, excluding by-products, decreased to $0.42 per pound in Q3 2025, reflecting a year-over-year decrease of 44.7% [8] - By-product production saw significant increases: zinc by 46.3%, silver by 16.4%, and molybdenum by 8.3% in Q3 2025, contributing to revenue growth [8]