Southern Copper Q4 net income up 8.3% to $902M; full-year down 22.3%; dividend declared $1.00

SOUTHERN COPPER CORP/

2022-FY EPS reported $3.41 revenue$10,047,900,000

Q4 net sales $2.82B (flat YoY); net income $902.4M (+8.3%); EPS $1.17.
Full-year net sales $10.05B (-8.1%); net income $2.64B (-22.3%); EPS $3.41.
Copper production 894,703 tons in 2022 (-6.6%); operating cash cost $0.78/lb (+16.5%).
Board authorized $1.00/share dividend payable Mar 1, 2023 to holders of record Feb 14, 2023.
Capital spending $948.5M in 2022 (+6.3%); Pilares mine to deliver ore to Caridad concentrator in Q2 2023.

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 the fourth quarter and full year ended on December 31, 2022 results: revenue 4Q22 net sales were $2,820.3 million, net income 4Q22 was $902.4 million.

Period: the fourth quarter and full year ended on December 31, 2022
Revenue: 4Q22 net sales were $2,820.3 million
Net income: 4Q22 was $902.4 million
Result: reported results

Exact text from the filing

Raul Jacob Victor Pedraglio +(602) 264-1375 southerncopper@southernperu.com.pe www.southerncoppercorp.com Southern Copper Corporation (NYSE and BVL: SCCO) ● 4Q22 net sales were $2,820.3 million, in line with 4Q21 net sales. Sales volumes increased for copper (+2.1%), silver (+6.4%) and zinc (+38.2%) and decreased for Molybdenum

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Source: SEC EDGAR

accession 0001558370-23-000838

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