Southern Copper Q1 net income +3.6% to $813M; declares $1.00 dividend

SOUTHERN COPPER CORP/

2023-Q1 EPS reported $1.05 revenue$2,793,900,000

Q1 net sales $2,793.9M (+1.1% YoY); net income $813.2M (+3.6% YoY); EPS $1.05 (vs $1.02).
Adjusted EBITDA $1,567.9M (-6.6% YoY), margin 56.1% (vs 60.7%); operating income -7.9%.
Copper mined production 223,272 tons (+4.1% YoY); sales volumes +10%; molybdenum production -8.8%.
Board declared $1.00/share dividend payable May 23, 2023; record date May 9, 2023.
Capital investments $238.1M (+16% YoY); Buenavista Zinc concentrator ramp-up expected in 2H23.

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