SOUTHERN COPPER CORP/

Listed Company

SCCOCIK 0001001838NYSELarge AcceleratedMetal MiningDelawareFY ends Dec 31

Period

FY 2025

Revenue

$13.42B

Net Income

$4.35B

Total Assets

$21.38B

Equity

$11.04B

Shares Out

826.07M

Op. Cash Flow

$4.75B

Business

SOUTHERN COPPER CORP/ is an integrated mining company that operates large-scale mining, smelting and refining activities to produce copper and other metals. It produces copper concentrates, refined copper cathodes and rod, SX‑EW copper, molybdenum concentrates, zinc, silver, gold, sulfuric acid and related metallurgical products and services, and conducts exploration and logistics activities. Management reports three business segments: Peruvian operations (Toquepala, Cuajone and Ilo facilities), Mexican open‑pit operations (La Caridad‑Pilares and Buenavista) and Mexican underground (IMMSA). The company sells primarily to end‑user customers under annual or longer‑term contracts and distributes products via its rail, port and processing network to domestic and international markets.

Summary from filing dated 2025-03-03

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales (including sales to related parties, see note 17)	13,420	11,433	9,896	10,048	10,934
Cost of sales (exclusive of depreciation, amortization and depletion shown separately below)	5,359	4,841	4,688	4,649	3,894
Selling, general and administrative	138	131	127	125	125
Depreciation, amortization and depletion	868	846	834	796	806
Exploration	53	61	55	42	43
Total operating costs and expenses	6,418	5,879	5,704	5,612	4,869
Operating income	7,002	5,555	4,192	4,436	6,065
Interest expense	−417	−377	−376	−387	−388
Capitalized interest	47	42	50	47	31
Interest income	200	131	87	35	7
Other income (expense)	−48	6	4	117	−18
Income before income taxes	6,784	5,357	3,956	4,248	5,697
Income taxes (including royalty taxes, see Note 7)	2,504	2,027	1,578	1,478	2,426
Deferred income taxes	−34	−52	−59	119	−126
Net income before equity earnings of affiliate	4,314	3,382	2,437	2,652	3,398
Equity earnings of affiliate, net of income tax	34	6	−2	−4	14
Net income	4,348	3,389	2,435	2,648	3,411
Less: Net income attributable to the non-controlling interest	13	12	10	10	14
Net income attributable to SCC	4,335	3,377	2,425	2,639	3,397
Net earnings-basic	5.24	4.21	3.05	3.41	4.39
Net earnings-diluted	5.24	4.21	3.05	3.41	4.39
Weighted average shares outstanding-basic	827	803	795	773	773
Weighted average shares outstanding-diluted	827	803	795	773	773

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	4,305	3,258	1,152	2,070	3,002
Short-term investments	605	245	599	208	487
Accounts receivable trade	1,951	1,190	1,141	1,394	1,359
Accounts receivable other (including related parties 2025- $16.2 and 2024 - $13.5)	71	54	—	—	—
Inventories	1,058	1,049	1,017	1,014	973
Prepaid taxes	331	347	395	378	198
Other current assets	31	32	38	44	34
Total current assets	8,353	6,174	4,430	5,188	6,140
Property and mine development, net	10,272	9,883	9,783	9,597	9,464
Ore stockpiles on leach pads	1,115	1,146	1,122	1,064	1,098
Intangible assets, net	122	125	130	135	138
Right-of-use assets	701	740	775	851	916
Deferred income tax	336	311	256	237	316
Equity method investment	135	112	108	111	115
Other non-current assets	348	224	121	95	110
Total assets	21,381	18,714	16,725	17,277	18,298
Current portion of long-term debt	—	500	—	—	300
Accounts payable (including related parties 2025 - $138.4 and 2024 - $49.2)	862	615	653	658	592
Accrued income taxes	634	635	278	138	833
Accrued workers' participation	405	281	246	236	326
Accrued interest	115	97	97	97	99
Lease liabilities current	87	82	78	77	74
Other accrued liabilities	43	38	37	29	—
Total current liabilities	2,145	2,248	1,389	1,236	2,250
Long-term debt, net of current portion	6,751	5,759	6,255	6,251	6,248
Lease liabilities	576	658	697	774	842
Deferred income taxes	131	125	132	161	118
Non-current taxes payable	97	105	93	41	—
Other liabilities and reserves	106	36	66	82	68
Asset retirement obligation	471	546	613	585	563
Total non-current liabilities	8,131	7,227	7,856	7,895	7,840
Commitments and contingencies (Note 13)	—	—	—	—	—
Common stock par value $0.01; shares authorized, 2025 and 2024-2,000; shares issued, 2025 and 2024-884.6	9	9	9	9	9
Additional paid-in capital	7,258	5,026	3,533	3,490	3,454
Retained earnings	5,797	6,840	7,034	7,702	7,770
Accumulated other comprehensive income	8	−2	−8	−9	−9
Treasury stock, at cost, common shares	−2,034	−2,701	−3,149	−3,108	−3,074
Total Southern Copper Corporation stockholders' equity	11,038	9,172	7,418	8,084	8,149
Non-controlling interest	67	67	63	63	59
Total equity	11,105	9,238	7,481	8,147	8,208
Total liabilities and equity	21,381	18,714	16,725	17,277	18,298

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Equity earnings of affiliate, net of dividends received	−23	−4	3	5	−1
Loss on foreign currency transaction effect	43	14	10	42	−26
Benefit for deferred income taxes	−34	−52	−59	119	−126
Net charges for asset retirement obligations, including accretion	−24	−24	26	16	18
Other, net	86	15	15	17	20
(Increase) decrease in accounts receivable trade	−762	−49	253	−35	−290
Decrease (increase) in inventories	22	−56	−60	−8	5
Increase in accounts payable and accrued liabilities	326	386	152	−718	558
(Increase) in other operating assets and liabilities	−99	−42	−35	−79	−82
Net cash provided by operating activities	4,752	4,422	3,573	2,803	4,292
Capital expenditures	−1,325	−1,027	−1,009	−949	−892
Purchase of short-term investments	−2,054	−612	−809	−486	−1,653
Proceeds on sale of short-term investments	1,694	966	418	765	1,577
Other, net	—	—	1	3	−5
Net cash used in investing activities	−1,685	−673	−1,398	−667	−973
Proceeds from issuance of debt	994	—	—	—	—
Payments of debt issuance costs	−6	—	—	—	—
Repayments of debt	−500	—	—	−300	—
Cash dividends paid to common stockholders	−2,485	−1,637	−3,092	−2,706	−2,474
Distributions to non-controlling interest	−10	−8	−9	−6	−7
Other, net	300,000	400,000	300,000	300,000	300,000
Net cash used in financing activities	−2,007	−1,645	−3,101	−3,011	−2,480
Effect of exchange rate changes on cash and cash equivalents	−14	3	8	−57	−21
Increase (decrease) in cash and cash equivalents	1,047	2,107	−918	−932	818
Interest	388	370	370	380	380
Workers' participation	328	262	258	451	258
Decrease in pension and other post-retirement benefits	6	6	1	1	−2
Capital expenditures incurred but not yet paid	85	20	16	19	25

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro