Zacks Equity Research for Manager of Financial Planning and Investor Relations: Andres Carlos Ferrero Ghislieri: General Counsel: Latest SEC Filings. Should the covered call contract expire worthless, the premium would represent a 5.54% boost of extra return to the investor, or 21.74% annualized, which we refer to as the YieldBoost. Mr. German Larrea, Chairman of the Board, commenting on the Company?s progress and current circumstances, said: ?We believe the economic slowdowns in the U.S., China and Europe have temporarily weakened the demand for copper and are driving reductions in current prices. Over the past month, the estimate has remained unchanged. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Elsewhere, the Dow gained 0.33%, while the tech-heavy Nasdaq lost 1.1%. The dam will have a total capacity of 73 million cubic meters, of which the Company will use a maximum of 10 million cubic meters. _taboola.push({ This industrial complex was also given the 2021 National Export Award in the category of Large Industrial Exporting Companies for its contribution to foreign trade and international business in the country. Southern Copper Corporation (SCC) is one of the largest integrated copper producers in the world and we believe we currently have the largest copper reserves in the industry. Sitemap; Vendors / Suppliers; Job Opportunities; In order to continue with the project, stronger preventive measures to combat COVID-19 have been put in place. The results from experimental pads in the leaching process have confirmed adequate levels of copper recovery. Vancouver, BC, January 6, 2023 - Copper Mountain Mining Corporation (TSX: CMMC | ASX: C6C) . Type a symbol or company name. The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Southern Copper. de C.V., Main Products: Copper, Molybdenum, Silver and Zinc. The Company has started the baseline study and is reviewing the basic engineering analysis to request the environmental impact permit. This marks the Company's first full year as an operating gold producer after . When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. And if earnings estimates go up for a company, the fair value for its stock goes up. Contact: Stacey Pavlova, CFA. 2021 Annual Report PDF. What is Southern Copper's dividend payout ratio? These efforts are evolving in a context marked by record-highs for the Company?s tax contributions to the regional governments of Moquegua and Tacna in 2021. This is a significant step in our pledge to a robust and strong ESG performance. View Presentation. In Peru, the Prime Minister joined us for the inauguration of the Cularjahuira dam ($11.5 million), which was the fruit of joint investment between the Company, government authorities and the highland community of Camilaca. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Nuestra misin es extraer recursos minerales, para transformarlos y comercializarlos satisfaciendo las necesidades del mercado, cumpliendo con nuestra responsabilidad social y ambiental, y maximizando la creacin de valor para nuestros accionistas. Type a symbol or company name. Zacks->. Click the button below to request a report when hardcopies become available. Company Name: Southern Copper Corporation, Stock markets: New York Stock Exchange and Lima Stock Exchange, Economic Group: We are indirectly part of Grupo Mxico S.A.B. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Pilares ? (obras por impuestos) mechanism. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. INVESTOR RELATIONS: Genaro Guerrero Daz Mercado T. +52 55 5246 37 00 Ext. Today, that discovery is still the heart of the Zacks Rank. To read this article on Zacks.com click here. Following is a reconciliation of adjusted EBITDA to Net Income attributable to SCC and Operating Cash Cost before by-product revenues and Operating Cash Cost net of by-product revenues to their more comparable GAAP measure: EBITDA (earnings before interest, taxes, depreciation and amortization) is a measure commonly used by companies to evaluate operating performance and the ability to generate cash. Current estimates of indicated copper mineral resources are 98 million tons of oxides with a copper content of 0.45% and 52 million tons of sulfides with a copper content of 0.59%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged. Several years back, we began to acquire the rights to all relevant mining concessions in the area; this process was completed in 2020. Please fill out the form below and click "Place Order" to complete your order. The Company produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. Our mission is to extract mineral resources to transform and commercialize them satisfying the market needs, fulfilling our social and environmental responsibility and maximizing the creation of value for our shareholders. In light of its improvements in the realm of ESG, S&P has also upgraded the Company?s Sustainability Assessment, which rose from 50/100 points in 2020 to 61/100 in 2021 ( 22% increase). Valuation is also important, so investors should note that Southern Copper has a Forward P/E ratio of 24.87 right now. The current incarnation of Southern Copper can be traced to the 2005 acquisition of Southern Peru Copper Corporation by the Mexican copper producer Minera Mxico.. 88.9 percent of Southern Copper is owned by Mexican mining conglomerate Grupo Mxico (per proxy statement dated March 27, 2018) . . The Company operates mining units and metallurgical facilities in Mexico and Peru and conducts exploration activities in Argentina, Chile, Ecuador, Mexico and Peru. What does an Investor Relations Manager do at companies like SOUTHERN COPPER CORP? From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company?s expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based. Do Not Sell My Personal Information (CA Residents Only). In line with best practice, the Board of Directors has approved the formation of a new Sustainability Committee chaired by an independent director. If you require advice in relation to any financial matter you should consult an appropriate professional. We will make it a priority to hire local labor to fill the 9,000 jobs that we expect to generate during Tia Maria?s construction. The purpose of this Committee is to support the Board of Directors of Southern Copper Corporation in developing and monitoring the Company's compliance with on-going commitments to the environment, health and safety, communities, human rights, and corporate governance. Of course, a lot of upside could potentially be left on the table if SCCO shares really soar, which is why looking at the trailing twelve month trading history for Southern Copper Corp, as well as studying the business fundamentals becomes important. Los Chancas - Apurimac: This greenfield project, located in Apurimac, Peru, is a copper and molybdenum porphyry deposit. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. The management is planning to increase . Michiquillay is a world class mining project with inferred mineral resources of 2,288 million tons with an estimated copper grade of 0.43%. It is important to emphasize that copper plays a leading role in the global shift to clean energy, which correlates positively with our assertion that the underlying demand for copper will be strong in the long-term. Do Not Sell My Personal Information (CA Residents Only). Southern Copper : Second quarter and six months result 2022 07/27/2022 | 11:24am EST RESULTS S ECOND Q UARTER AND S IX M ONTHS 2022 Investor Relations: Raul Jacob Victor Pedraglio + (602) 264-1375 southerncopper@southernperu.com.pe www.southerncoppercorp.com July 26, 2022 Southern Copper Corporation (NYSE and BVL: SCCO) As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued. This measure is also used in our investment project evaluation process to determine a project?s potential contribution to our operations, its competitiveness and its relative strength in different price scenarios. Find the latest Southern Copper Corporation (SCCO) stock quote, history, news and other vital information to help you with your stock trading and investing. This industry currently has a Zacks Industry Rank of 38, which puts it in the top 16% of all 250+ industries. ? This change outpaced the S&P 500's 0.4% gain on the day. The budget for Pilares is $159 million of which we have invested $80.9 million as of June 30, 2022. Today, that discovery is still the heart of the Zacks Rank. So, it's important to know a company's potential revenue growth. We aim to improve our sustainability management and performance to ensure that we maintain and continuously improve our sustainability ratings. The current dividend yield for Southern Copper as of December 30, 2022 is 3.31%. If you have questions concerning your registered Southern Company shareowner account, online account access, transfer requirements, lost certificates, dividend checks, address changes or the Southern Investment Plan, please contact EQ Shareowner Services. This company could rival or surpass other recent Zacks Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. This website is provided as is without any representations or warranties, express or implied. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. These events are important steps that will allow Southern Copper to initiate an in-depth exploration program in the third quarter of 2022. These symbols will be available throughout the site during your session. 2022 Proxy Statement. We estimate an investment of approximately $2.5 billion will be required and expect production start-up by 2028. Investor Relations and Corporate Communications Telephone: 604-682-2992 Email: Tom.Halton@CuMtn.com . On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). During the second quarter of 2022, the Maritime Terminal of Guaymas, Mexico received ISO 45001 certification and the Charcas unit in Mexico became the first of our underground mines to obtain ISO 14001 certification. Q3. Vancouver, British Columbia--(Newsfile Corp. - August 1, 2019) - Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") announces the commencement of the 2019 exploration program at its 100% owned MPD Copper-Gold Porphyry Project in Southern Central British Columbia. Today, you can download 7 Best Stocks for the Next 30 Days. Our mission is to extract mineral resources to transform and commercialize them satisfying the market needs, fulfilling our social and environmental responsibility and maximizing the creation of value for our shareholders. El Arco - Baja California: This is a world-class copper deposit located in the central part of the Baja California peninsula with ore reserves of over 1,230 million tons with an average ore grade of 0.40% and 141 million tons of leach material with an ore grade of 0.27%. SCC's investment-grade rating is supported by its position as one of the world's lowest cost producers of copper and robust profitability. In 2Q22, we spent $224.6 million on capital investments,which reflected a 2.2% increase over the figure reported in 2021 and represented 51.9% of net income this quarter. The average hourly wage for an Investor Relations Administrator at companies like SOUTHERN COPPER CORP in the United States is $48 as of June 28, 2022, but the range typically falls between $40 and $56. 875 Yeager Parkway Pelham, Alabama 35124. The company topped consensus revenue estimates two times over this period. | Privacy Statement The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. basic and diluted, Weighted average shares outstanding (Basic and diluted), Change in operating assets and liabilities, Net cash provided by operating activities, Distributions to non-controlling interest, (Decrease)/Increase in cash and cash equivalents, Net income attributable to the non-controlling interest, SOUTHERN COPPER CORP/ - Investor Relations: - EX-99.1 - July 27, 2022. CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW. Investors will be hoping for strength from Southern Copper as it approaches its next earnings release. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. The Social Agreements with the Michiquillay and the Enca?ada communities represent an opportunity to improve the quality of life of the residents of those communities via our strong social programs and backed by a solid framework for technical work at the project level. Net sales were also negatively impacted by the accounting adjustment of $173.5 million for a price variation on sales made and not yet collected. Request Information Older/Archived Annual Reports 2020 Annual Report View Annual Report Download 2019 Annual Report View Annual Report Download Historical dividend payout and yield for Southern Copper (SCCO) since 1998. To read this article on Zacks.com click here. For molybdenum, it represented 9.7% of the company's sales value in the second quarter of this year and is currently our first by-product . Webcast. Its a little-known chemical company thats up 65% over last year, yet still dirt cheap. There were no fatalities to regret. Southern Copper Corporation (SCC) is one of the largest integrated copper producers in the world and we believe we currently have the largest copper reserves in the industry. Shareowner Services Contact EST (9:00 AM Lima and Mexico City time). Elsewhere, the Dow gained 0.23%, while the tech-heavy Nasdaq lost 0.1%. These reports include company annual reports (10K, 10Q), news updates (8K), investor presentations (found in 8Ks), insider trades (form 4), ownership reports (13D, and 13G), and reports related to the specific securities sold, such as registration statements and prospectus. Michiquillay will become one of Peru?s largest copper mines and will create significant business opportunities in the Cajamarca region; generate new jobs for the local communities; and contribute with taxes and royalties to the local, regional and national governments. Mang. Click to get this free report, Southern Copper Corporation (SCCO) : Free Stock Analysis Report. The Company is a NYSE and Lima Stock Exchange listed company that is 88.9% owned by . This project will significantly improve the overall mineral ore grade (combining the 0.78% expected from Pilares with the 0.34% from La Caridad). de C.V., Productos Principales: Cobre, Molibdeno, Plata y Zinc. For Southern Copper, the consensus sales estimate for the current quarter of $2.48 billion indicates a year-over-year change of -12.2%. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. The remaining 63 million will be for community use. Southern Company reports first-quarter 2022 earnings. In that report, analysts expect Southern Copper to post earnings of $0.79 per share. The Metallurgical Complex in Sonora, where we smelt and refine material mined from the region, was recognized in the ranking of the 10 Best Places to Work for Women. Southern Copper Corp. does not currently have any hardcopy reports on AnnualReports.com. Copy and paste multiple symbols separated by spaces. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.14 per share and revenue of $11.11 billion. In order to avoid a force majeure event, production losses were temporarily offset with copper purchased from third parties, albeit at a higher cost. | Contact Us. We anticipate that El Pilar will operate as a conventional open-pit mine with an annual production capacity of 36,000 tons of copper cathodes. The role will interact with investors and analysts as a professional ambassador for the Group as required and take a lead role in developing the financial metrics used to present future M&A opportunities to market. mode: 'thumbnails-a-mid', This would mark a year-over-year decline of 10.74%. A wealth of resources for individual investors is available at www.zacks.com. In a context impacted by a drop in copper prices, we registered a significant mark-to-market adjustment to open sales. S&P Global has recognized SCC?s sustainability efforts by including it in a new index, S&P/BVL Peru General ESG, as of April of this year. The stock outpaced the S&P 500's daily gain of. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Investor Relations & Communications. It is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce anode copper; and refining of anode copper to produce copper cathodes, as well as refined. This page shows recent SEC filings related to Southern Copper Corp. Latest When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. The Mining - Non Ferrous industry is part of the Basic Materials sector. MOST EXTENSIVE RAILROAD COVERAGE IN MEXICO AND IN TWO OF THE MOST IMPORTANT US STATES INFRASTRUCTURE. El crecimiento fue principalmente promovido por significativamente mayores precios de metales para, 28 de abril de 2022 Southern Copper Corporation (NYSE y BVL: SCCO) anunci hoy el pago de un dividendo trimestral de $1.25 dlares por accin, pagadero el 31 de mayo de 2022 a los, SGUENOS EN NUESTRAS REDES SOCIALESLEGAL | CONTACTO, MAPA DEL SITIO - PROVEEDORES - OPORTUNIDADES DE TRABAJO - PRENSASUSCRIBETE Y RECIBE NUESTRAS NOTAS DE PRENSA | COPYRIGHT 2020 GRUPO MXICO |, SCC reporta resultados del tercer trimestre 2022, SCC reporta resultados del segundo trimestre 2022, SCC reporta resultados del primer trimestre 2022. Free: See Our Top Stock and 4 Runners Up >>, Do Not Sell My Personal Information (CA Residents Only).