Southern Copper Earnings Call Transcripts
Fiscal Year 2026
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The meeting addressed leadership transition, approved all agenda items, and highlighted a new dividend structure combining stock and cash. Progress on the Tía María project and a focus on organic growth were emphasized, with openness to M&A if opportunities arise.
Fiscal Year 2025
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Record 2025 results with net sales up 17%, Adjusted EBITDA up 22%, and net income up 28%, driven by higher by-product output and strong metal prices. 2026 guidance anticipates lower copper production due to ore grades, with major investments ongoing in Peru and Mexico.
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Record Q3 results with net sales up 15% and net income up 23% year-over-year, driven by higher by-product output and strong metal prices. Copper production declined 7%, but zinc, silver, and molybdenum saw significant growth. Major projects like Tía María are advancing, with robust cash flow and increased dividends.
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Q1 2025 saw 20% sales growth and a 29% net income increase, driven by higher copper prices, strong by-product performance, and cost control. Major projects in Mexico and Peru are advancing, with CapEx set to rise as new capacity comes online.
Fiscal Year 2024
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Q3 2024 saw a 17% sales increase and 45% net income growth, driven by higher copper prices and volumes. Copper, zinc, and silver production all rose, with major projects advancing and a robust CapEx plan. Cash costs remain stable, and the company plans to tap debt markets for future financing.
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Q2 2024 delivered strong growth with net sales up 36% and net income up 74% year-over-year, driven by higher volumes and prices across all major metals. Major projects advanced, including Buenavista Zinc and Tía María, while cash costs fell and capital investments increased.