Southern Copper reports record Q1 net income $1.58B, appoints new CEO

SOUTHERN COPPER CORP/

2026-Q1 EPS reported $1.92 revenue$4,251,400,000

Q1 net sales $4.25B (+36.2% YoY); net income $1.58B record (+66.7% YoY); EPS $1.92 vs $1.15.
Adjusted EBITDA $2.71B (+55.4% YoY); adjusted EBITDA margin 63.8% vs 55.9%.
Copper production down 4.0% YoY; by-product silver (+11.1%) and zinc (+2.0%) mined production up.
CEO Oscar Gonzalez Rocha died April 7; Board appointed Leonardo Contreras as new CEO effective April 23.
Quarterly cash dividend $1.00/share and stock dividend 0.0100 shares, payable May 29 to holders of record May 13.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SOUTHERN COPPER CORP/ reported first quarter ended March 31, 2026 results: net income $1,576.9 million.

Period: first quarter ended March 31, 2026
Net income: $1,576.9 million
Result: reported results

Exact text from the filing

was primarily fueled by an increase in sales volumes for silver (+11.6%) and zinc (+16.4%), and by an uptick in metal prices for all our products. ● 1Q26 Net income was $1,576.9 million, which represented a new Company record and an improvement of 66.7% compared to the $945.9 million registered in 1Q25. The net income margin in 1Q26 was 37.1%, versus 30.3% in

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SOUTHERN COPPER CORP/ reported first quarter ended March 31, 2026 results: net income $1,576.9 million.

Period: first quarter ended March 31, 2026
Net income: $1,576.9 million
Result: reported results

Exact text from the filing

1Q26 Net income was $1,576.9 million, which represented a new Company record and an improvement of 66.7% compared to the $945.9 million registered in 1Q25.

View on SEC.gov

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Source: SEC EDGAR

accession 0001104659-26-051281

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