earnings
confidence high
sentiment positive
materiality 0.75
Q1 net sales $2.76B (+9.1% YoY), EPS $1.02, declares $1.25 dividend
SOUTHERN COPPER CORP/
2022-Q1 EPS reported
$1.02
revenue$2,763,800,000
- Net income $784.7M (+2.7% YoY), adjusted EBITDA $1,678.4M (+8.0%), margins 28.4% and 60.7%.
- Cuajone stoppage Feb 28-Apr 21 (water/rail seized by 472 protesters); operations fully restored; Q1 copper production 214,480 tons (-10% YoY).
- Operating cash cost per lb $0.56, down 24.9% YoY, driven by higher by-product revenue credits (+65.4%).
- Dividend $1.25/share authorized Apr 28, payable May 31, record May 17; prior quarter dividend was $1.00.
- Capital investments $205.2M in Q1 (down 11.8% YoY); projects Buenavista Zinc, Pilares, Tia Maria on track.