Southern Copper Corporation (SCCO) SEC Filings & Earnings Calls
EquiReason read 16 Southern Copper Corporation SEC filings in the last 12 months. Latest: 8-K on 2026-10-21 — Record net sales ($4,696.6M, +39.1% YoY), record net income ($1,801.8M, +62.7% YoY), record adjusted EBITDA ($3,040.2M, +53.9% YoY), strong cash flow, and raised dividend. Copper p.
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 154.4B
- P/E TTM
- 27.2
- Dividend yield
- 2.0%
- 52-week
- —
- Next earnings
- 26 Oct, in 2 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
21 Oct 20268-K · 2.02Record net sales ($4,696.6M, +39.1% YoY), record net income ($1,801.8M, +62.7% YoY), record adjusted EBITDA ($3,040.2M, +53.9% YoY), strong cash flow, and raised dividend. Copper production slightly down but offset by higher metal prices anearningsopen
Figures in the filing · each found in the filing text
| Net sales · Q3-2026 | $4.70B | +39% y/y |
| Net income · Q3-2026 | $1.80B | +63% y/y |
| Adjusted EBITDA · Q3-2026 | $3.04B | +54% y/y |
| Net income margin · Q3-2026 | 38.4% | |
| Adjusted EBITDA margin · Q3-2026 | 64.7% | |
| Cash flow from operating activities · Q3-2026 | $2.22B | +43% y/y |
| Copper production · Q3-2026 | 232,396 | |
| Operating cash cost per pound of copper (net of by-product credits) · Q3-2026 | $0.09 | -79% y/y |
| Capital investments · Q3-2026 | $516M | +48% y/y |
| Dividend per share · Q4-2026 | $1.30 |
Risks flagged
Copper production decline due to lower ore grades in Peru
“Copper production was down 1.1% in 3Q26 in quarter-on-quarter terms... reflects a 6.1% drop in production in Peru due to lower ore grades.” · word for word
Geopolitical conflicts and inflationary pressures cited as macroeconomic risks
“As the global economy continues to navigate the economic and inflationary pressures generated by persistent geopolitical conflicts” · word for word
31 Jul 202610-QStrong quarterly earnings beat driven by higher metal prices; net income up 71.6% YoY.earningsopen
Figures in the filing · each found in the filing text
| Net sales · Q2-2026 | $4.29B | +41% y/y |
| Net income attributable to SCC · Q2-2026 | $1.67B | +72% y/y |
| Copper price LME · Q2-2026 | $6.04 | +40% y/y |
| Copper production · Q2-2026 | $509M | -4% y/y |
| Operating cash cost per pound net of by-product revenues · Q2-2026 | $0.05 | -92% y/y |
| Capital investments · H1-2026 | $865M | +56% y/y |
Guidance
Copper production expected 917,000 tonnes in 2026, +0.6% vs plan
Copper production guidance slightly above plan; capex increased significantly; management tone positive.
Risks flagged
Geopolitical Tensions
“Current and potential military conflicts, along with heightened geopolitical tensions globally...could adversely impact our operations, global economic conditions and commodity markets.” · word for word
Lower Ore Grades
“This decline was mainly attributed to lower production at Toquepala (-14.7%; which was due to a decrease in ore grades and mineral milled) and Cuajone (-7.8%; due to lower ore grades).” · word for word
22 Jul 20268-K · 2.02Record quarterly net sales of $4,289M (+40.6% YoY), record net income of $1,670M (+71.6% YoY), record adjusted EBITDA of $2,856M (+59.5% YoY). Copper production down 3.5% QoQ but strong pricing tailwinds. Issued $1.25B notes for Tia Maria pearningsopen
Figures in the filing · each found in the filing text
| Net sales · Q2-2026 | $4.29B | +41% y/y |
| Net income · Q2-2026 | $1.67B | +72% y/y |
| Adjusted EBITDA · Q2-2026 | $2.86B | +59% y/y |
| Net income margin · Q2-2026 | 38.9% | |
| Adjusted EBITDA margin · Q2-2026 | 66.6% | |
| Copper production · Q2-2026 | 230,662 | |
| Operating cash cost per pound of copper (net of by-product credits) · Q2-2026 | $0.05 | -92% y/y |
| Capital investments · Q2-2026 | $423M | +79% y/y |
| Operating cash flow · 6M-2026 | $3.68B | +117% y/y |
| Dividend per share (quarterly) · Q3-2026 | $1.10 |
Risks flagged
Copper production decline due to lower ore grades at Peruvian mines
“copper production fell 3.8% in 2026 to stand at 461,206 tonnes, mainly driven by a decrease in production at our Peruvian operations due to lower ore grades.” · word for word
Political transition risk in Peru; project approvals dependent on new administration
“As Peru is approaching another executive power transition, we are encouraged by the initial statements made by President-elect Ms. Keiko Fujimori.” · word for word
Mexican project (El Arco) dependent on government interconnection
“our project’s initiation is dependent on action at the Mexican government level.” · word for word
30 Apr 202610-QNet sales $4.25B (+36% y/y); Net income attributable to SCC $1.58B (+67% y/y); Copper price LME $5.83 (+38% y/y); Guidance: Copper production expected 915,400 tonnes (slightly above plan); zinc 166,800 tonnes (+1%); molybdenum 27,400 tonnesopen
Figures in the filing · each found in the filing text
| Net sales · Q1-2026 | $4.25B | +36% y/y |
| Net income attributable to SCC · Q1-2026 | $1.58B | +67% y/y |
| Copper price LME · Q1-2026 | $5.83 | +38% y/y |
| Silver price average · Q1-2026 | $83.33 | +158% y/y |
| Copper mine production · Q1-2026 | $508M | -4% y/y |
| Operating cash cost per pound before by-product revenues · Q1-2026 | $2.31 | +12% y/y |
| Operating cash cost per pound net of by-product revenues · Q1-2026 | $-0.11 | -114% y/y |
| Capital investments · Q1-2026 | $442M | +39% y/y |
| Cash dividends paid per share · Q1-2026 | $1.00 | +43% y/y |
| Copper market deficit estimate · FY2026 | 315,000 |
Guidance
Copper production expected 915,400 tonnes (slightly above plan); zinc 166,800 tonnes (+1%); molybdenum 27,400 tonnes (+5%); silver 24M oz (+1.3%)
Company raised production targets for by-products and expects a copper market deficit. Capital spending increased significantly, indicating confidence in future demand.
Risks flagged
Geopolitical tensions and military conflicts
“Current and potential military conflicts, along with heightened geopolitical tensions globally, including the ongoing conflict between Israel/Iran and instability in Eastern Europe could adversely impact our operations, global economic conditions and commodity markets.” · word for word
Declining ore grades
“Copper mine production in the first quarter of 2026 stood at 508.3 million pounds, reflecting a 4.0% decrease compared to the same period of 2025. This decline was mainly attributed to lower production at Cuajone (-11.9%, which was attributable to a decrease in ore grades and mineral milled).” · word for word
29 Apr 20268-K · 2.02Net sales $4.25B (+36% y/y); Net income $1.58B (+67% y/y); Adjusted EBITDA $2.71B (+55% y/y)earningsopen
Figures in the filing · each found in the filing text
| Net sales · Q1-2026 | $4.25B | +36% y/y |
| Net income · Q1-2026 | $1.58B | +67% y/y |
| Adjusted EBITDA · Q1-2026 | $2.71B | +55% y/y |
| Adjusted EBITDA margin · Q1-2026 | 63.8% | |
| Operating cash flow · Q1-2026 | $1.69B | +135% y/y |
| Operating cash cost per pound of copper · Q1-2026 | $-0.11 | -114% y/y |
| Capital investments · Q1-2026 | $442M | +39% y/y |
| Income per share · Q1-2026 | $1.92 | +67% y/y |
| Net income margin · Q1-2026 | 37.1% |
Risks flagged
Copper production decline of 4.0% YoY due to lower ore grades and recoveries in Peru
“Copper production registered a decrease of 4.0% in 1Q26 compared to 1Q25. This outcome was primarily driven by lower production at our Peruvian operations (-9.8%), which fell due to lower ore grades and recoveries.” · word for word
CEO transition risk following death of former CEO Oscar Gonzalez Rocha
“On April 7, 2026, Grupo Mexico lost one of the principals of its organization, Oscar Gonzalez Rocha, who served as Executive President, Chief Executive Officer of SCCO.” · word for word
29 Apr 20268-K · 5.02Reported a director or officer change (departure, election, appointment or pay arrangement)open
Risks flagged
Key person risk; leadership transition uncertainty.
“unexpected passing of Oscar Gonzalez Rocha”
17 Apr 2026DEF 14ACEO Oscar Gonzalez Rocha passed away unexpectedly; interim CEO appointed.open
Figures in the filing · each found in the filing text
| Net Income · FY2025 | $4.33B | +28% y/y |
| Total Shareholder Return · FY2025 | 64.8% | |
| Peer Group Total Shareholder Return · FY2025 | 82.6% |
Risks flagged
CEO Succession Risk
“On April 7, 2026, Oscar Gonzalez Rocha, our President and Chief Executive Officer passed away unexpectedly.” · word for word
Controlled Company Governance Risk
“Grupo Mexico owns indirectly 88.9% of our stock as of December 31, 2025, and controls the voting power for the election of directors.” · word for word
17 Apr 20268-K · 5.02Reported a director or officer change (departure, election, appointment or pay arrangement)open
Risks flagged
Key person risk; leadership transition uncertainty.
“unexpected passing of Oscar Gonzalez Rocha”
13 Apr 20268-K · 8.01Disclosed a material event under other events (litigation, recall, contract loss, or major announcement)open
Risks flagged
Key person risk; leadership transition uncertainty.
“passed away unexpectedly”
27 Feb 202610-KNumber of Employees 16,617; Ownership by Grupo Mexico 88.9open
Figures in the filing · each found in the filing text
| Number of Employees · 2025-12-31 | 16,617 | |
| Ownership by Grupo Mexico · 2025-12-31 | 88.9% |
Risks flagged
Commodity Price Volatility
“The sales prices for our products are largely determined by market forces beyond our control.” · word for word
Geographic Concentration Risk
“Our revenues are derived primarily from our operations in Peru and Mexico.” · word for word
Labor Disruption Risk
“Our Taxco mine in Mexico has been on strike since July 2007.” · word for word
28 Jan 20268-K · 2.02Net sales $3.87B (+39% y/y); Net income $1.31B (+65% y/y); Adjusted EBITDA $2.31B (+53% y/y); Guidance: Long-term target of 1.6M tons copper by 2033earningsopen
Figures in the filing · each found in the filing text
| Net sales · Q4-2025 | $3.87B | +39% y/y |
| Net income · Q4-2025 | $1.31B | +65% y/y |
| Adjusted EBITDA · Q4-2025 | $2.31B | +53% y/y |
| Net income margin · Q4-2025 | 33.8% | |
| Adjusted EBITDA margin · Q4-2025 | 59.7% | |
| Copper production · FY2025 | $954270.00 | |
| Operating cash cost per pound of copper · Q4-2025 | $0.52 | -46% y/y |
| Capital investments · Q4-2025 | $423M | +80% y/y |
| Cash flow from operating activities · FY2025 | $4.75B | +8% y/y |
| Dividend per share · Q1-2026 | $1.00 |
Guidance
Long-term target of 1.6M tons copper by 2033
Management expresses strong confidence in growth trajectory, with record results and disciplined investment strategy.
Risks flagged
Tia Maria project execution risk
“Project 24% complete with $1.8B estimated capital budget; construction and permitting risks.”
Copper price volatility
“Revenue and profitability sensitive to copper and by-product prices.”
29 Oct 20258-K · 2.02Net sales $3.38B (+15% y/y); Net income $1.11B (+24% y/y); Adjusted EBITDA $1.98B (+17% y/y)earningsopen
Figures in the filing · each found in the filing text
| Net sales · Q3-2025 | $3.38B | +15% y/y |
| Net income · Q3-2025 | $1.11B | +24% y/y |
| Adjusted EBITDA · Q3-2025 | $1.98B | +17% y/y |
| Net income margin · Q3-2025 | 32.8% | |
| Adjusted EBITDA margin · Q3-2025 | 58.5% | |
| Operating cash cost per pound of copper · Q3-2025 | $0.42 | -45% y/y |
| Copper production · Q3-2025 | 234,892 | |
| Capital investments · Q3-2025 | $349M | +42% y/y |
| Cash flow from operating activities · Q3-2025 | $1.56B | +8% y/y |
| Income per share · Q3-2025 | $1.35 | +21% y/y |
Risks flagged
Copper production decline due to lower ore grades
“Copper production down 6.9% QoQ and 2.8% YTD due to lower ore grades”
Tariff policy uncertainty
“Recent US tariff policy changes have thus far had a limited impact” · word for word
Southern Copper Corporation — questions
- What did Southern Copper Corporation file recently?
- 16 SEC filings in the last 12 months. Latest: 8-K on 2026-10-21 — Record net sales ($4,696.6M, +39.1% YoY), record net income ($1,801.8M, +62.7% YoY), record adjusted EBITDA ($3,040.2M, +53.9% YoY), strong cash flow, and raised dividend. Copper production slightly down but offset by higher metal prices an
Every figure on this page comes from Southern Copper Corporation's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.