Reported Earnings • May 01
First quarter 2026 earnings released: EPS: US$1.92 (vs US$1.15 in 1Q 2025) First quarter 2026 results: EPS: US$1.92 (up from US$1.15 in 1Q 2025). Revenue: US$4.25b (up 36% from 1Q 2025). Net income: US$1.58b (up 67% from 1Q 2025). Profit margin: 37% (up from 30% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €163, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 10x in the Metals and Mining industry in Europe. Total returns to shareholders of 144% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €122 per share. Announcement • Apr 21
Southern Copper Corporation, Annual General Meeting, May 29, 2026 Southern Copper Corporation, Annual General Meeting, May 29, 2026. Announcement • Oct 29
Southern Copper Corporation Declares Quarterly Cash Dividend, Payable on November 28, 2025 Southern Copper Corporation's Board of Directors authorized a quarterly cash dividend of 0.90 per share of common stock and a stock dividend of 0.0085 shares of common stock per share of common stock payable on November 28, 2025, to shareholders of record at the close of business on November 12, 2025. Announcement • Apr 14
Southern Copper Corporation, Annual General Meeting, May 23, 2025 Southern Copper Corporation, Annual General Meeting, May 23, 2025. Announcement • Feb 13
Southern Copper Corporation Authorizes a Quarterly Cash Dividend, Payable on February 27, 2025 On January 23, 2025, the Board of Directors of Southern Copper Corporation authorized a quarterly cash dividend of $0.70 per share of common stock, payable on February 27, 2025, to shareholders of record at the close of business on February 11, 2025. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: US$1.15 (vs US$0.79 in 3Q 2023) Third quarter 2024 results: EPS: US$1.15 (up from US$0.79 in 3Q 2023). Revenue: US$2.93b (up 17% from 3Q 2023). Net income: US$896.7m (up 45% from 3Q 2023). Profit margin: 31% (up from 25% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Announcement • Oct 23
Southern Copper Corporation Announces Resignation of Gilberto Perezalonso Cifuentes as Member of the Board of Directors Southern Copper Corporation announced on October 17, 2024, the board of directors of the company learned of the resignation of Mr. Gilberto Perezalonso Cifuentes as a member of the board of directors of the company effective October 16, 2024. Mr. Perezalonso Cifuentes resigned to pursue other professional interests. There was no disagreement between Mr. Perezalonso Cifuentes and SCC or with SCC’s management. Announcement • Oct 22
Southern Copper Corporation Announces Quarterly Cash Dividend of Common Stock, Payable on November 21, 2024 On October 17, 2024, the Board of Directors of Southern Copper Corporation authorized a quarterly cash dividend of $0.70 per share of common stock, payable on November 21, 2024, to shareholders of record at the close of business on November 6, 2024. Reported Earnings • Jul 23
Second quarter 2024 earnings released: EPS: US$1.22 (vs US$0.70 in 2Q 2023) Second quarter 2024 results: EPS: US$1.22 (up from US$0.70 in 2Q 2023). Revenue: US$3.12b (up 36% from 2Q 2023). Net income: US$950.2m (up 74% from 2Q 2023). Profit margin: 31% (up from 24% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Announcement • Apr 27
Southern Copper Corporation Approves Quarterly Dividend, Payable on May 23, 2024 On April 18, 2024, Southern Copper Corporation approved a quarterly stock dividend of 0.0104 shares of common stock per share of common stock payable on May 23, 2024 for shareholders of record at the close of business on May 8, 2024. Announcement • Apr 13
Southern Copper Corporation, Annual General Meeting, May 24, 2024 Southern Copper Corporation, Annual General Meeting, May 24, 2024, at 09:00 Central Standard Time. Agenda: To elect ten directors; to ratify the selection by the Audit Committee of the Board of Directors of Galaz, Yamazaki, Ruiz Urquiza S.C., a member firm of Deloitte Touche Tohmatsu Limited, as independent accountants for calendar year 2024; to cast a non-binding advisory vote on executive compensation; to provide stockholders the opportunity to cast a non-binding advisory vote on the frequency of future stockholders' advisory votes on executive compensation; and to transact such other business as may properly come before the meeting. Announcement • Feb 03
Southern Copper Corporation Announces Dividend, Payable on February 29, 2024 Southern Copper Corporation announced dividend of $.80 per share payable on February 29, 2024, to shareholders of record at the close of business on February 13, 2024, 2024. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: US$0.80 (vs US$0.67 in 3Q 2022) Third quarter 2023 results: EPS: US$0.80 (up from US$0.67 in 3Q 2022). Revenue: US$2.51b (up 16% from 3Q 2022). Net income: US$619.5m (up 19% from 3Q 2022). Profit margin: 25% (in line with 3Q 2022). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Announcement • Oct 26
Southern Copper Corporation Authorizes Dividend, Payable on November 22, 2023 Southern Copper Corporation announced on October 24, 2023, the Board of Directors authorized a dividend of $1.00 per share payable on November 22, 2023, to shareholders of record at the close of business on November 8, 2023. New Risk • Sep 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Cash payout ratio: 102% Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risk High level of debt (51% net debt to equity). New Risk • Jul 31
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.05% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Cash payout ratio: 102% Earnings are forecast to decline by an average of 0.05% per year for the foreseeable future. Minor Risks High level of debt (51% net debt to equity). Share price has been volatile over the past 3 months (5.1% average weekly change). Reported Earnings • Jul 30
Second quarter 2023 earnings released: EPS: US$0.71 (vs US$0.56 in 2Q 2022) Second quarter 2023 results: EPS: US$0.71 (up from US$0.56 in 2Q 2022). Revenue: US$2.30b (flat on 2Q 2022). Net income: US$547.5m (up 27% from 2Q 2022). Profit margin: 24% (up from 19% in 2Q 2022). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Recent Insider Transactions • May 11
Special Independent Director recently sold €71k worth of stock On the 8th of May, Luis Miguel Palomino Bonilla sold around 1k shares on-market at roughly €71.46 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €107k. Insiders have been net sellers, collectively disposing of €178k more than they bought in the last 12 months. Reported Earnings • Apr 30
First quarter 2023 earnings released: EPS: US$1.05 (vs US$1.02 in 1Q 2022) First quarter 2023 results: EPS: US$1.05 (up from US$1.02 in 1Q 2022). Revenue: US$2.79b (up 1.1% from 1Q 2022). Net income: US$813.2m (up 3.6% from 1Q 2022). Profit margin: 29% (in line with 1Q 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 1.3% decline forecast for the Metals and Mining industry in Europe. Reported Earnings • Feb 05
Full year 2022 earnings released: EPS: US$3.41 (vs US$4.39 in FY 2021) Full year 2022 results: EPS: US$3.41 (down from US$4.39 in FY 2021). Revenue: US$10.0b (down 8.1% from FY 2021). Net income: US$2.64b (down 22% from FY 2021). Profit margin: 26% (down from 31% in FY 2021). The decrease in margin was driven by lower revenue. Production and reserves: Copper Production: 0.924 Mt (0.958 Mt in FY 2021) Proved and probable reserves (ore): 1,547 Mt (13,126 Mt in FY 2021) Molybdenum Production: 26,240 t (30,230 t in FY 2021) Silver Production: 18,562 troy koz (22,947 troy koz in FY 2021) Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 2.2% decline forecast for the Metals and Mining industry in Europe. Announcement • Feb 04
Southern Copper Corporation Announces Dividend, Payable on March 1, 2023 Southern Copper Corporation Board of Directors authorized a dividend of $1.00 per share payable on March 1, 2023, to shareholders of record at the close of business on February 14, 2023. Board Change • Nov 18
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Director Leonardo Contreras Lerdo de Tejada was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 
