Southern Copper Q3 net income $619.5M, EPS $0.80, sales up 16.2% YoY; declares $1.00 dividend

SOUTHERN COPPER CORP/

2023-Q3 EPS reported $2.56 revenue$7,600,200,000

Net sales $2,505.6M (+16.2% YoY); net income $619.5M (+19.4%); EPS $0.80 vs $0.67.
Adjusted EBITDA $1,290.6M (+26.8%); margin 51.5% (47.2% in 3Q22).
Copper production 226,120 tons (-1.9% YoY); cash cost $0.98/lb, -12.4% vs 2Q23.
Board authorized $1.00/share dividend payable Nov 22, record Nov 8.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

SOUTHERN COPPER CORP/ reported 3Q23 results: revenue $2,505.6 million, net income $619.5 million, EPS $0.80.

Period: 3Q23
Revenue: $2,505.6 million
Net income: $619.5 million
EPS: $0.80
Result: reported results

Exact text from the filing

+(602) 264-1375 southerncopper@southernperu.com.pe www.southerncoppercorp.com October 24, 2023 Southern Copper Corporation (NYSE and BVL: SCCO) ● 3Q23 net sales were $2,505.6 million. This represented a 16.2% increase with regard to 3Q22, which was driven by higher metal prices for copper (+8.0%, LME), molybdenum (+47.4%) and silver (+23.6%). The sales volume

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Source: SEC EDGAR

accession 0001558370-23-016712

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