Southern Copper Q2 record net sales $4.29B, net income $1.67B, up 72% YoY; dividend $1.10/share

SOUTHERN COPPER CORP/

Q2 net sales $4,289M (+40.6% YoY), net income $1,670M (+71.6% YoY), EPS $2.01 vs $1.17.
Adjusted EBITDA $2,856M (+59.5% YoY), margin 66.6% vs 58.7%.
Issued $1.25B 10-year notes at 5.35% due 2036; proceeds for Tia Maria project.
Board authorized quarterly cash dividend $1.10/share plus stock dividend; total estimated $3.23/share.
Tia Maria project 42% complete; production expected 2H27; capital investments $422.8M in Q2.

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