{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-000707","form_type":"8-K","ticker":"SCCO","cik":"0001001838","company_name":"SOUTHERN COPPER CORP/","filed_at":"2024-02-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.031655+00:00","generated_at":"2026-06-06T09:40:10.807033+00:00","sec_items":["2.02"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Southern Copper Q4 net income falls 50.7% YoY to $445M; declares $0.80 dividend","bullets":["Q4 net sales $2,295.6M, down 18.6% YoY; FY2023 sales $9,895.8M, down 1.5% YoY.","Q4 adjusted EBITDA $1,055.5M (-35.3% YoY); FY2023 adjusted EBITDA $5,029.5M (-6% YoY).","FY2023 EPS $3.14 (down 7.9% from $3.41); net income margin 24.5% vs 26.3% in 2022.","Board declared $0.80/share dividend payable Feb 29, 2024 to holders of record Feb 13, 2024.","2023 copper production 911,014 tons (+1.8% YoY); 2024 guidance 935,900 tons (+2.7%)."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-000707","json":"https://secwatch.observer/filing/0001558370-24-000707.json","markdown":"https://secwatch.observer/filing/0001558370-24-000707.md","text":"https://secwatch.observer/filing/0001558370-24-000707.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1001838/000155837024000707/0001558370-24-000707-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1001838/000155837024000707/scco-20240202x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T09:40:10.807033+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bcb24204a78a94488ce7d51ac4115a83dd271933","claim":"SOUTHERN COPPER CORP/ reported full year ended December 31, 2023 results: revenue $9,895.8 million, net income $2,425.2 million.","evidence_excerpt":"● 2023 Net sales were $9,895.8 million, this is $152 million or 1.5% lower than 2022 net sales. This result was driven by higher sales volumes for copper (+2.2%) and molybdenum (+2.3%) and better prices for molybdenum (+27.5%) and silver (+7.6%). This situation was partially offset by a decrease in metal prices for copper (LME -3.8%) and zinc (-24.1%) and by a reduction in the sales volume of silver (-4.3%) and zinc (-1.4%). Net sales in 2023 were negatively impacted by a year accounting adjustment of $406.0 million for lower metal prices on sales. In addition to this, we estimate that 2023 sales were affected by a larger copper anode inventory in process at year-end. If we exclude these two effects, 2023 sales would have been 3.2% higher than the 2022 mark. ● Net income was $2,425.2 million, 8.1% lower than in 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1001838/000155837024000707/0001558370-24-000707-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year ended December 31, 2023"},{"label":"Revenue","value":"$9,895.8 million"},{"label":"Net income","value":"$2,425.2 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e9094ee4bb16709deeaad920e5fbfb079e73c768","claim":"SOUTHERN COPPER CORP/ reported fourth quarter ended December 31, 2023 results: revenue $2,295.6 million, net income $445.0 million.","evidence_excerpt":"● Net sales were $2,295.6 million, which represents a drop of 18.6% versus 4Q22’s figures. Sales volumes increased for molybdenum (5.9%) but decreased for copper (-6.5%), silver (-14.8%) and zinc (-8.6%). Prices were up this quarter for copper (LME - +2.2%) and silver (+9.4%), but down for molybdenum (-13%) and zinc (-16.9%). 4Q23 vs 4Q22 net sales were negatively impacted by a quarterly accounting adjustment of $168.4 million for lower metal prices on sales. In addition to this, 4Q23 sales were down due to a larger copper anode inventory in process at year-end. ● Net income was $445.0 million, which represented a 50.7% decrease versus 4Q22’s figures.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1001838/000155837024000707/0001558370-24-000707-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$2,295.6 million"},{"label":"Net income","value":"$445.0 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}