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Dec 31, 2021
Southern Copper Q4 2021 Earnings Report
Southern Copper achieved record-breaking results driven by higher metal prices and cost control measures.
Key Takeaways
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.
Net sales, net income, adjusted EBITDA, and cash from operations hit record highs in 2021.
Net sales increased by 36.9% compared to 2020, driven by higher market metal prices.
Net income was 116.3% higher than in 2020, driven by increased sales and strict cost control measures.
Copper production decreased 4.3% YoY, but was 1.6% higher than the year plan.
Forward Guidance
Southern Copper anticipates producing 922,000 tons of copper in 2022, with production expected to rebound to one million tons in 2023 and reach 1.8 million tons by the end of the decade.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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