secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN COPPER CORP/ (SCCO)
CIK:        0001001838
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001104659-22-083208
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southern Copper Q2 net income down 53.7% to $432M; EPS $0.56 vs $1.21; Cuajone stoppage hits production
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- Net sales $2,306.9M, down 20.4% YoY; net income $432.3M, down 53.7%; EPS $0.56 vs $1.21.
- Adjusted EBITDA $1,021.4M, down 45.2%; margin 44.3% vs 64.3% in Q2 2021.
- Copper production fell 12.1% to 208,428 tonnes; Cuajone mine stoppage of 54 days and lower ore grades.
- Operating cash cost per pound $1.10, up 87.6% from $0.59; Board authorized $0.75 dividend payable Aug 25.
- Peruvian projects: $7.9B commitment incl. Tia Maria, Los Chancas (attacked by illegal miners), Michiquillay.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001838/000110465922083208/0001104659-22-083208-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001838/000110465922083208/tm2221665d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-083208

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