secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN COPPER CORP/ (SCCO)
CIK:        0001001838
Form:       8-K
Filed at:   2022-02-02T23:59:59+00:00
Accession:  0001104659-22-010925
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001838/000110465922010925/0001104659-22-010925-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001838/000110465922010925/tm224832d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-010925

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer