---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-005824"
form_type: "8-K"
ticker: "SCCO"
cik: "0001001838"
company_name: "SOUTHERN COPPER CORP/"
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T06:08:38.485345+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Southern Copper Q1 net income $736M ($0.95 EPS); revenue $2.6B; stock dividend

## Summary
- Net income $736M (EPS $0.95) down 9.5% YoY but up 65.4% QoQ; revenue $2,599.8M down 6.9% YoY.
- Adjusted EBITDA $1,417.7M (54.5% margin) up 34.3% QoQ but down 9.6% YoY.
- Copper production 240,270 tonnes mined (+7.6% YoY); operating cash cost $1.07/lb, down 14.2% QoQ.
- Board declared a quarterly stock dividend of 0.0104 shares per share (cash for fractional shares at $115.13).
- Buenavista Zinc concentrator began operations in Q1; expected to produce 54,500t zinc in 2024.

## SEC filing metadata
- accession: 0001558370-24-005824
- form_type: 8-K
- ticker: SCCO
- cik: 0001001838
- company_name: SOUTHERN COPPER CORP/
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001838/000155837024005824/0001558370-24-005824-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001838/000155837024005824/scco-20240425x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-005824
- JSON: https://secwatch.observer/filing/0001558370-24-005824.json
- Plain text: https://secwatch.observer/filing/0001558370-24-005824.txt

## Key facts
- Earnings Releases
  SOUTHERN COPPER CORP/ reported the first quarter ended on March 31, 2024 results: revenue $2,599.8 million, net income $736.0 million.
  - Period: the first quarter ended on March 31, 2024
  - Revenue: $2,599.8 million
  - Net income: $736.0 million
  - Result: reported results
  source text: +(602) 264-1375 southerncopper@southernperu.com.pe www.southerncoppercorp.com ​ ● ​ ​ April 25, 2024 Southern Copper Corporation (NYSE and BVL: SCCO) ● 1Q24 net sales were $2,599.8 million, which represented growth of 13.3% with regard to 4Q23’s figure. Expansion was primarily fueled by an increase in the sales volumes of copper (+9.6%) and silver (+15.3%) and by
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001838/000155837024005824/0001558370-24-005824-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.