Southern Copper reports Q2 2024 net income of $950.2M, authorizes $0.60 quarterly dividend

SOUTHERN COPPER CORP/

Net sales $3,118.3M, up 35.5% YoY; net income $950.2M, up 73.6% YoY.
Board authorized quarterly cash dividend of $0.60 per share and stock dividend of 0.0056 shares per share payable Aug 26, 2024.
Adjusted EBITDA $1,797.0M, up 61.1% YoY; margin 57.6%.
Copper production 242,474 tons in Q2, up 6.6% QoQ; Tia Maria project restarted July 1.
Cash flow from operations $1,621.8M in H1, down 18.2% due to working capital increase.

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