Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Mexico, the United States, Peru, Brazil, Chile, ...
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Est. EPS $1.82 · Revenue $4.15B · 5 analysts
Est. EPS $1.80 · Revenue $4.12B · 5 analysts
Est. EPS $7.60 · Revenue $16.85B · 9 analysts
Est. EPS $1.75 · Revenue $4.01B · 3 analysts
$3.52 per share
$3.52 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $13.4B | +17.4% | +0.9% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $4.3B | +28.4% | +5.6% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +56.7% | +14.0% | -4.3% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +52.2% | +7.4% | +4.8% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +32.3% | +9.4% | +4.7% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $3.4B | +1.0% | +94.0% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +25.5% | -14.0% | +92.3% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 67.2% | -12.0% | +7.5% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 3.89x | +41.8% | +15.6% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $21.4B | +14.3% | +10.0% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 5.24 vs 5.12 | +2.4% | 2.01 vs 1.82 | +10.3% |
| Revenue Surprise | $13.4B vs $13.1B | +2.1% | $4.3B vs $4.1B | +3.4% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 31, 2026 | PALOMINO BONILLA LUIS MIGUEL | director | Common Stock | D | 0 | — |
| Aug 31, 2026 | PALOMINO BONILLA LUIS MIGUEL | director | Common Stock | D | 400 | $217.50 |
| Aug 5, 2026 | PALOMINO BONILLA LUIS MIGUEL | director | Common Stock | D | 100 | $198.30 |
| Aug 5, 2026 | PALOMINO BONILLA LUIS MIGUEL | director | Common Stock | D | 100 | $200.00 |
| Aug 4, 2026 | PALOMINO BONILLA LUIS MIGUEL | director | Common Stock | D | 100 | $195.00 |
Operator : Good morning, and welcome to Southern Copper Corporation's Second Quarter and 6 Months 2026 Results Conference Call. With us this morning, we have Southern Copper Corporation's Mr. Raul Jacob, Vice President, Finance, Treasurer and CFO, who will discuss the results of the company for the second quarter and 6 months 2026 as well as answer any questions that you may have. The information discussed on today's call may include forward-looking statements regarding the company's results and prospects, which are subject to risks and uncertainties. Actual results may differ materially, and the company cautions not to place undue reliance on these forward-looking statements. Southern Copper Corporation undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. All results are expressed in full U.S. GAAP. Now I'll pass the call on to Mr. Raul Jacob. Raul Jacob : Thank you very much, Carmen. Good morning, everyone, and welcome to Southern Copper's Second Quarter of 2026 Results Conference Call. At today's conference, I'm accompanied by Mr. Leonardo Contreras, CEO of Southern Copper and also a Board member. Let me first begin by mentioning that Southern Copper delivered another exceptional quarter, registering record-breaking results in sales, adjusted EBITDA and net income. These outstanding achievements are driven by operating excellence and reflect our commitment to creating long-term value for our stakeholders in a context marked by sustained demand for copper and the other minerals we produce. Today, we will begin with an update on our view of the copper market and then review Southern Copper's key results related to production, sales, operating costs, financial results, expansion projects and ESG. After this, we will open the session for questions. The London Metal Exchange copper price increased 40% from an average of $4.32 per pound in the second quarter of 2025 to $6.04 this past quarter. In the COMEX market, we saw a 31% increase with an average of $6.16 per pound this quarter. Based on current supply and demand dynamics, we estimate a slight copper market deficit for 2026. Copper inventories worldwide, the total combining stock held in London Metal Exchange, COMEX, Shanghai and London warehouses, but the sum of these inventories stood at 1,123,000 tons as of yesterday, July 21. We estimate that this inventory can currently cover approximately 15 days of global demand. Now let's look at Southern Copper's production for the past quarter. Copper represented 73% of our sales in the second quarter of 2026. Copper production registered a decrease of 3.5% compared to the trend in the second quarter of last year, standing at 230,662 tons this past quarter. Our quarterly result reflects a 12% drop in production in Peru, mainly attributable to lower ore grades and recoveries at both Toquepala and Cuajone. However, these results were partially offset …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Julian Jorge Lazalde Psihas | Secretary | USD 583,899 | Male | 1968 | Active |
Raul Jacob Ruisanchez | Vice President of Finance, Treasurer & Chief Financial Officer | USD 515,080 | Male | 1958 | Active |
Juan Fernando Nunez Chavez | Vice President of Explorations | USD 311,879 | Male | 1959 | Active |
Lina A. Vingerhoets Vilca | Comptroller | USD 301,504 | Female | 1961 | Active |
Leonardo Contreras Lerdo de Tejada | CEO & Non-Independent Director | USD 52,000 | — | 1986 | Active |
Victor Pedraglio | Manager of Financial Planning & Investor Relations | — | Male | — | Active |
Andres Carlos Ferrero Ghislieri | General Counsel | — | Male | 1969 | Active |
Patricio Ovejas Simon | Executive Vice President | — | Male | 1988 | Active |
B. Metzler seel. Sohn and Co. AG bought a new position in Southern Copper Corporation (NYSE: SCCO) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 30,217 shares of the basic materials company's stock, valued at approximately $5,266,000. A number of other hedge funds
Allworth Financial LP bought a new position in shares of Southern Copper Corporation (NYSE: SCCO) during the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,824 shares of the basic materials company's stock, valued at approximately $1,712,000. Several other institutional investors
SCCO's record EBITDA and rising copper prices point to further upside despite lower production and a reduced 2026 output outlook.
Altman Advisors Inc. purchased a new position in Southern Copper Corporation (NYSE: SCCO) in the undefined quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 14,414 shares of the basic materials company's stock, valued at approximately $2,512,000. Other institutional investors also recently bought and sold shares
Bank of New York Mellon Corp bought a new stake in Southern Copper Corporation (NYSE: SCCO) during the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,278,460 shares of the basic materials company's stock, valued at approximately $696,621,000. Bank of
