secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN COPPER CORP/ (SCCO)
CIK:        0001001838
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001104659-22-055165
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Q1 net sales $2.76B (+9.1% YoY), EPS $1.02, declares $1.25 dividend
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001838/000110465922055165/0001104659-22-055165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001838/000110465922055165/tm2214302d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-055165

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