secwatch.observer — SEC 8-K summary
======================================

Issuer:     SOUTHERN COPPER CORP/ (SCCO)
CIK:        0001001838
Form:       8-K
Filed at:   2024-07-19T23:59:59+00:00
Accession:  0001558370-24-009916
Event type: dividend
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001838/000155837024009916/0001558370-24-009916-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001838/000155837024009916/scco-20240719x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-009916

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer