SOUTHERN COPPER CORP/
Business
Southern Copper Corporation is one of the world's largest integrated copper producers, operating mining, smelting, and refining facilities in Peru and Mexico that produce copper, molybdenum, zinc, and silver. The company operates three reportable segments: Peruvian operations (Toquepala and Cuajone mines plus Ilo smelter/refinery), Mexican open-pit operations (La Caridad and Buenavista complexes), and Mexican underground mining operations (IMMSA unit with five mines and zinc refinery). Products are sold primarily under annual or long-term contracts to end-user customers across global markets, with prices determined by commodity exchanges (COMEX and LME for copper).
Summary from 10-K filed 2026-02-27
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is SOUTHERN COPPER CORP/'s CIK number?
SOUTHERN COPPER CORP/'s SEC CIK number is 0001001838 (1001838). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find SOUTHERN COPPER CORP/'s SEC filings?
All of SOUTHERN COPPER CORP/'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did SOUTHERN COPPER CORP/ last report earnings?
SOUTHERN COPPER CORP/ (SCCO) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-051281). This is SOUTHERN COPPER CORP/'s most recent earnings filing of record — not a forecast of its next earnings date.
What is SOUTHERN COPPER CORP/'s most recent earnings 8-K?
SOUTHERN COPPER CORP/'s latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001104659-26-051281. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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