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Southern Copper Corp  (SCCO)
Other Ticker:  
 
    Sector  Basic Materials    Industry Metal Mining
   Industry Metal Mining
   Sector  Basic Materials
 
Price: $80.7900 $0.85 1.063%
Day's High: $80.78 Week Perf: -3.09 %
Day's Low: $ 80.38 30 Day Perf: -2.9 %
Volume (M): 19 52 Wk High: $ 88.40
Volume (M$): $ 1,527 52 Wk Avg: $76.55
Open: $80.62 52 Wk Low: $64.66



 Market Capitalization (Millions $) 62,459
 Shares Outstanding (Millions) 773
 Employees 13,414
 Revenues (TTM) (Millions $) 10,421
 Net Income (TTM) (Millions $) 2,893
 Cash Flow (TTM) (Millions $) -1,106
 Capital Exp. (TTM) (Millions $) 1,474

Southern Copper Corp

Southern Copper Corporation is one of the largest integrated copper producers in the world. Our major production includes copper, molybdenum, zinc and silver. All of our mining, smelting and refining facilities are located in Peru and Mexico and we conduct exploration activities in those countries and in Argentina, Chile and Ecuador. Our operations make us one of the largest mining companies in Peru and Mexico. We believe we have the largest copper reserves in the world. We were incorporated in Delaware in 1952 and have conducted copper mining operations since 1960. Since 1996, our common stock has been listed on both the New York and Lima Stock Exchanges.

Our Peruvian copper operations involve mining, milling and flotation of copper ore to produce copper concentrates and molybdenum concentrates; the smelting of copper concentrates to produce blister and anode copper; and the refining of anode copper to produce copper cathodes. As part of this production process, we also produce significant amounts of molybdenum concentrate and sulfuric acid. Our precious metals plant at the Ilo refinery produces refined silver, gold, and other materials. Additionally, we produce refined copper using solvent extraction/electrowinning technology ("SX-EW"). We operate the Toquepala and Cuajone open-pit mines high in the Andes Mountains, approximately 860 kilometers southeast of the city of Lima, Peru. We also operate a smelter and refinery west of the Toquepala and Cuajone mines in the coastal city of Ilo, Peru.

Our Mexican operations are conducted through our subsidiary, Minera Mexico S.A. de C.V. ("Minera Mexico"), which we acquired in 2005. Minera Mexico engages primarily in the mining and processing of copper, molybdenum, zinc, silver, gold and lead. Minera Mexico operates through subsidiaries that are grouped into three separate units. Mexicana de Cobre S.A. de C.V. (together with its subsidiaries, the "La Caridad" unit) operates La Caridad, an open-pit copper mine, a copper ore concentrator, a SX-EW plant, a smelter, refinery and a rod plant. The La Caridad refinery has a precious metals plant which produces refined silver, gold and other materials. Operadora de Minas e Instalaciones Mineras S.A de C.V. (the "Buenavista unit") operates Buenavista, an open-pit copper mine, which is located at the site of one of the worlds largest copper ore deposits, two copper concentrators and three SX-EW plants. Industrial Minera Mexico, S.A. de C.V. (together with its subsidiaries, the "IMMSA unit") operates five underground mines that produce zinc, lead, copper, silver and gold, a coal mine and a zinc refinery.

We utilize modern, state of the art mining and processing methods, including global positioning systems and computerized mining processes. Our operations have a high level of vertical integration that allows us to manage the entire production process, from the mining of the ore to the production of refined copper rod and other products and most related transport and logistics functions, using our own facilities, employees and equipment.

We conduct our operations in Peru through a registered branch (the "SPCC Peru Branch", "Branch" or "Peruvian Branch"). The SPCC Peru Branch comprises substantially all of our assets and liabilities associated with our copper operations in Peru. The SPCC Peru Branch is not a corporation separate from us and, therefore, obligations of SPCC Peru Branch are direct obligations of SCC and vice-versa. It is, however, an establishment, registered pursuant to Peruvian law, through which we hold assets, incur liabilities and conduct operations in Peru.

Copper is an important component in the worlds infrastructure. It is the third most widely used metal, after to iron and aluminum. Copper has unique chemical and physical properties, including high ductility, malleability, thermal and electrical conductivity, and resistance to corrosion that has made it a superior material for use in electrical and electronic products, including power transmission and generation, which accounts for about three quarters of copper global use, telecommunications, building construction, transportation and industrial machinery. Copper is also an important metal in non-electrical applications such as plumbing and roofing and, when alloyed with zinc to form brass, in many industrial and consumer applications.

Copper is an internationally traded commodity with prices principally determined by the major metal exchanges, the Commodities Exchange, or "COMEX", in New York and the London Metal Exchange or "LME." Copper is usually found in nature in association with sulfur. Pure copper metal is generally produced from a multistage process, beginning with the mining and concentrating of low-grade ores containing copper sulfide minerals, and followed by smelting and electrolytic refining to produce a pure copper cathode. An increasing share of copper is produced from acid leaching of oxidized ores. Copper is one of the oldest metals ever used and has been one of the most important materials in the development of civilization.

 

 

 



   Company Address: 7310 North 16th St, Suite 135 Phoenix 85020 AZ
   Company Phone Number: 264-1375   Stock Exchange / Ticker: NYSE SCCO
   


Customers Net Income fell by SCCO's Customers Net Profit Margin grew to

-9.47 %

37.24 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CDE   -2.67%    
FCX   -1.83%    
GORO   -1.89%    
MUX   -2.73%    
NEM   -10.68%    
RGLD   -2.47%    
• View Complete Report
   



Southern Copper Corp

Southern Copper Corp Shines Bright in Third Quarter 2023: Impressive Revenue Surge and Double-Digit Income Growth

Southern Copper Corp (SCCO) has surprised many in the metal mining industry with its impressive financial performance in the July to September 2023 interval. The company reported a 16.167% increase in revenue, reaching $2.51 billion compared to the same period in the previous year. Additionally, SCCO's income grew by 19.4% to $0.80 per share.
SCCO's ability to achieve top-line growth is particularly notable considering that the rest of the metal mining sector experienced a decline of -2.20% in revenue. This success is reflected in the growth of income per share, which increased by 12.68% from the previous reporting season. Furthermore, revenue advanced by 8.906% from $2.30 billion.

Southern Copper Corp

Striking Gold! Southern Copper Corp Posts a Remarkable 26.79% Jump in Earnings Amid a Challenging Financial Q2, 2023



The Metal Mining company has defied expectations by raising its earnings per share (EPS) in the financial second quarter of 2023, despite a slight decline in revenue. This positive performance has caught the attention of investors and analysts who are closely monitoring the company's future prospects.
In their latest financial report, Metal Mining company revealed that income per share surged by an impressive 26.79% to $0.71. Meanwhile, revenue dipped -0.269% year on year to $2.30 billion, reflecting a challenging market environment. These figures are in contrast to the previous reporting period, where income dropped to $1.05 per share, and revenue sank by -17.653% to $2.79 billion.

Southern Copper Corp

revenue and Profits Increased at the Southern Copper Corp amid the first quarter of 2023

Investing in the stock market can be a daunting task, and it is crucial for investors to be cautious and well-informed before making any decisions. Southern Copper Corp's recent fiscal report highlights some important points that potential investors should consider.
On one hand, SCCO published a moderate revenue rise of 1.089% to $2.79 billion, while profitability grew modest by 2.94% to $1.05 year on year. However, the company faced a decrease of -0.936% in revenue compared to the prior period, and income profits fell by -10.05% from $1.17 per share. The net profits of $815.900 million in the first quarter of 2023 earnings season increased by 3.57% from net earnings of $787.800 million reported in the first quarter of 2022 earnings season.






 

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