secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN COPPER CORP/ (SCCO)
CIK:        0001001838
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001558370-24-013432
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Southern Copper Q3 net income +44.7% to $896.7M, EPS $1.15; dividend $0.70 + stock dividend
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- Net sales $2,930.9M (+17.0% YoY) driven by higher copper, zinc, silver volumes and prices.
- Copper production rose 11.5% to 252,219 tons; cash cost per pound fell 22.6% to $0.76.
- Board declared $0.70/share cash dividend and 0.0062 shares/share stock dividend payable Nov 21.
- Adjusted EBITDA margin improved to 57.5% vs 51.5% in Q3 2023.
- Management cites strong demand outlook supported by US economy and China stimulus.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001838/000155837024013432/0001558370-24-013432-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001838/000155837024013432/scco-20241021x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-013432

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