secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN COPPER CORP/ (SCCO)
CIK:        0001001838
Form:       8-K
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0001558370-24-000707
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Southern Copper Q4 net income falls 50.7% YoY to $445M; declares $0.80 dividend
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- 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%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001838/000155837024000707/0001558370-24-000707-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001838/000155837024000707/scco-20240202x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-000707

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