Southern Copper reports record 2021 net income of $3.4B, dividend raised to $1.00/share

SOUTHERN COPPER CORP/

2021-FY EPS reported $4.39 revenue$10,934,100,000

Net income attributable to SCC of $3,397M (116.3% YoY), EPS $4.39 (up from $2.03); Q4 EPS $1.08.
Revenue of $10,934M (+36.9% YoY); adjusted EBITDA of $6,853M (+77.1%).
Copper production of 958,200 tons (-4.3% YoY); expects 922,000 tons in 2022.
Board authorized $1.00/share dividend payable Mar 2, record Feb 15, doubling prior $0.50.
Capital investments of $892M in 2021 (+50.7% YoY); Pilares project expected to start 2H22.

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