earnings
confidence high
sentiment positive
materiality 0.90
Southern Copper Q3 net income $867.6M, EPS $1.12; declares $1.00 dividend
SOUTHERN COPPER CORP/
2022-Q3 EPS reported
$3.32
revenue$8,110,400,000
- Net sales $2,680.9M (+25.9% YoY); net income margin 32.4% vs 23.8% in Q3 2020.
- Adjusted EBITDA $1,709.3M (+51.8% YoY); margin 63.8% vs 52.9%.
- Copper production 245,146 tons (-0.6% QoQ); 2021 production guidance 957,000 tons.
- Board authorized $1.00 per share dividend payable Nov 23, 2021, record Nov 10.
- Michiquillay project: social agreement signed, EIA approved; exploration expected 1Q22.