secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN COPPER CORP/ (SCCO)
CIK:        0001001838
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001558370-23-007079
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001838/000155837023007079/0001558370-23-007079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001838/000155837023007079/scco-20230426x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-007079

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer