4Q25 RESULTS J A N U A R Y 2 0 2 6 Disclaimer The material in this presentation has been prepared Southern Copper Corporation (SCC) and is general background information about SCC's activities current as at the date of this presentation. This information is given in summary form and does not purport to be complete. Information in this presentation, including financial forecasts, should not be considered as advice or a recommendation to investors or prospective investors in relation to holding, purchasing or ...

Core Viewpoint - Southern Copper Corporation reported a strong performance in Q3 2024, with significant increases in production and sales across multiple metals, particularly copper, zinc, and silver, driven by operational improvements and favorable market conditions. Production and Sales - Copper production increased by 11% quarter-on-quarter to 252,219 tons, with copper representing 77% of total sales [2][9] - Molybdenum production rose by 6% compared to Q3 2023, while molybdenum prices averaged $21.68 per pound [5] - Silver production increased by 22% year-on-year, with silver representing 5% of sales value and an average price of $29.43 per ounce [6] - Zinc production saw a remarkable increase of 91%, totaling 31,078 tons, driven by the new Buenavista Zinc concentrator [7][8] Financial Performance - Total sales for Q3 2024 reached $2.9 billion, a 17% increase from Q3 2023, with copper sales value up by 21% [9][10] - Adjusted EBITDA for Q3 2024 was $1,685 million, reflecting a 31% increase year-on-year, with an EBITDA margin of 57% [11] - Net income for Q3 2024 was $897 million, a 45% increase compared to $620 million in Q3 2023, with a net income margin of 31% [14][15] Cost and Cash Flow - Operating cash cost was $0.76 per pound in Q3 2024, consistent with the previous quarter [12] - The cash cost before by-product credits was $1.95 per pound, a 9% decrease from the previous quarter [13] - Cash flow from operating activities in Q3 2024 was $1,440 million, a 37% increase year-on-year [15][16] Capital Investments and Projects - The company has a capital investment program exceeding $15 billion, focusing on projects in Peru and Mexico, including Tia Maria and Buenavista Zinc [16] - For 2024, the expected production is 975,000 tons of copper, 28,200 tons of molybdenum, 20.8 million ounces of silver, and 120,300 tons of zinc [39] Market Outlook - The London Metal Exchange copper price increased by 10% to $4.17 per pound, with expectations of a slight market surplus of 100,000 tons for 2024 [3] - Long-term copper demand is expected to be supported by a resilient U.S. economy and new demands from decarbonization technologies and artificial intelligence [2]