secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN COPPER CORP/ (SCCO)
CIK:        0001001838
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0001558370-24-005824
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001838/000155837024005824/0001558370-24-005824-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001838/000155837024005824/scco-20240425x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-005824

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