Southern Copper Earnings Reports

Southern Copper Corporation achieved record-high net sales of $11,433.4 million for the full year 2024, a 15.5% increase from 2023. Fourth-quarter net sales rose 21.3% to $2,784.3 million. Net income for 4Q24 increased by 78.4% to $793.9 million, contributing to a 39.2% increase in full-year net income to $3,376.8 million. This growth was primarily attributed to higher sales volumes of copper, zinc, and silver, along with improved prices for all main products.

Southern Copper Corporation achieved record-high net sales of $11,433.4 million for the full year 2024, a 15.5% increase from 2023. Fourth quarter net sales rose 21.3% to $2,784.3 million, with net income increasing 78.4% to $793.9 million. This strong performance was primarily due to higher sales volumes of copper, zinc, and silver, coupled with improved metal prices.

Southern Copper Corporation reported a strong Q3 2024 with a 17.0% increase in net sales and a 44.7% increase in net income compared to Q3 2023. This growth was driven by increased sales volumes across all products and higher metal prices for copper, zinc, and silver. The company also benefited from strict cost control measures.

Southern Copper reported a decrease in net income for Q2 2024 compared to Q2 2023, primarily driven by lower metal prices, particularly for copper, molybdenum, and silver, as well as higher production costs. Production volumes for copper, molybdenum, and zinc increased, while silver production decreased. Despite increased sales volumes, the overall financial performance was negatively impacted by market conditions and operational expenses.

Southern Copper Corporation reported a net sales of $2,599.8 million for Q1 2024, a 13.3% increase compared to 4Q23, but a 6.9% decrease compared to 1Q23. Net income was $736.0 million, up 65.4% from 4Q23, but down 9.5% from 1Q23. Adjusted EBITDA was $1,417.7 million, a 34.3% increase compared to 4Q23, but down 9.6% from 1Q23. The company's performance was driven by higher sales volumes of copper and silver and an increase in metal prices, offset by lower prices for copper, molybdenum and zinc, coupled with a decrease in the sales volumes for zinc and silver.

Southern Copper Corporation's Q4 2023 net sales decreased by 18.6% compared to Q4 2022, with net income falling by 50.7%. Sales volumes decreased for copper, silver and zinc, while prices were down for molybdenum and zinc. Copper production also saw a slight decrease.

Southern Copper Corporation reported a strong Q3 2023, with net sales increasing by 16.2% to $2,505.6 million and net income rising by 19.4% to $619.5 million compared to Q3 2022. These improvements were driven by higher metal prices, particularly for copper, molybdenum, and silver. Copper production was slightly lower than in 3Q22, while molybdenum production increased.

Southern Copper Corporation reported a slight decrease in net sales compared to 2Q22, primarily due to lower metal prices for copper and zinc, and a decrease in sales volumes for silver; this was partially offset by higher metal prices for molybdenum and silver. Net income increased due to a reduction in cost of sales.

Southern Copper Corp. reported a 1.1% increase in net sales to $2,793.9 million, driven by higher sales volumes of copper, silver, and zinc. Net income rose by 3.6% to $813.2 million. The company is progressing with expansion projects, including Pilares mine and Buenavista zinc concentrator, and is optimistic about long-term copper demand.

Southern Copper Corporation reported Q4 2022 net sales of $2,820.3 million, consistent with Q4 2021. Net income increased by 8.3% to $902.4 million. Copper production saw a slight increase of 1.6%.

Southern Copper Corporation reported a 6.5% decrease in net sales compared to the previous quarter, due to lower metal prices. However, copper production increased by 10.6% compared to 2Q22, and net income increased by 20.1% to $432.2 million. The company is progressing with several projects in Peru and Mexico.

Southern Copper Corporation's Q2 2022 net sales were $2,306.9 million, a 20.4% decrease compared to Q2 2021 due to lower metal prices and unusual events. The company faced challenges including decreased production at Peruvian operations, impacting quarterly financial results.

Southern Copper Corporation reported a 9.1% increase in net sales for Q1 2022 compared to Q1 2021, driven by higher metal prices, although sales volumes for copper, molybdenum, and silver decreased. The company faced operational challenges due to protests in the Moquegua region of Peru, but operations have since resumed at full capacity.

Southern Copper Corporation reported record-breaking net sales, net income, adjusted EBITDA, and cash from operations in 2021. The company's performance was driven by higher metal prices and strict cost control measures.

Southern Copper Corporation's Q3 2021 net sales increased by 25.9% compared to Q3 2020, driven by higher metal prices for copper, molybdenum, and zinc. The company is progressing with its investment projects in Peru and Mexico and is committed to environmental and social responsibility.

Southern Copper Corporation reported a strong second quarter, benefiting from high copper prices and increased production. The company is advancing its project pipeline and maintaining its focus on environmental and social responsibility.

Southern Copper Corporation reported strong quarterly results driven by expansion programs and cost control. The company's cash cost was $0.74 per pound of copper. Vaccination efforts are progressing, and the company is contributing logistical support.

Southern Copper Corporation reported strong operational performance driven by high economic contributions from its units, which led to production records for copper, molybdenum, and silver. The company produced over one million tons of copper at a competitive operating cash cost of $0.69 per pound.

Southern Copper Corporation reported strong quarterly results, highlighting a competitive cash cost per pound of $0.65, net of by-product credits. The company is successfully progressing with projects despite the challenging environment, with operations in compliance with emergency measures and a gradual return of the workforce. The company maintains a positive outlook on the copper market, driven by consumption growth in China and other emerging economies.

Southern Copper reported a decrease in net sales and net income for Q1 2020 compared to Q1 2019, primarily due to lower metal prices and increased operating costs. However, copper sales volume increased due to additional production from the new Toquepala concentrator. The company continues to manage the COVID-19 pandemic and advance its investment projects.

Southern Copper Corp. reported a 9.4% increase in net sales, reaching $1,854.6 million, and a 4.3% increase in net income, amounting to $305.7 million for Q4 2019. The increases were driven by higher sales volumes of copper, molybdenum, and silver, as well as improved silver prices, although decreases in metal prices partially offset these gains.