. Elsewhere, the Dow gained 0.23%, while the tech-heavy Nasdaq lost 0.1%. The expected contribution of by-products is generally a significant factor used by the copper industry in determining whether to move forward with the development of a new mining project. Construction site works are in progress. 2Q22 net sales were $2,306.9 million, 20.4% or $590.0 million, below 2Q21?s figure due to lower market metal prices for Copper (-1.8%, LME) and silver (-15.4%). Southern Copper Corporation SCCO is expected to release first-quarter 2021 results, before the opening bell on Apr 26. Performs data entry in our CRM database and develops campaign lists as Investor Relations Manager in Grand Rapids, MI. Sonora: This project is located within the Buenavista facility and includes the development of a new concentrator to produce approximately 100,000 tons of zinc and 20,000 tons of copper per year. This website is provided as is without any representations or warranties, express or implied. Buenavista Zinc ? Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 8.55% if the stock gets called away at the April 21st expiration (before broker commissions). Meanwhile, SCCO's PEG ratio is currently 1.4. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Written by Today, that discovery is still the heart of the Zacks Rank. mode: 'thumbnails-a-mid', For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. our service enables potential investors to review the most recent and archived southern copper corp. sustainability report, southern copper corp. corporate social responsibility report, southern copper corp. csr report, southern copper corp. corporate responsibility, southern copper corp. cr report, southern copper corp. citizenship report, Contact: Stacey Pavlova, CFA. We focus on copper production, cost control, production enhancement and maintaining a prudent capital structure to remain profitable throughout the price cycle. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the . At the end of June the project has all the required permits for exploration activities. Michiquillay is a world class mining project with inferred mineral resources of 2,288 million tons with an estimated copper grade of 0.43%. The put contract at the $75.00 strike price has a current bid of $4.20. Request Information Older/Archived Annual Reports 2020 Annual Report View Annual Report Download 2019 Annual Report View Annual Report Download Type a symbol or company name. This has outpaced the Basic Materials sector's gain of 5.7% and the S&P 500's loss of 0.01% in that time. Southern Copper Corporation engages in mining, exploring, producing, smelting, and refining copper and other minerals in Peru, Mexico, and Chile. As of June 30, 2022, December 31, 2021 and June 30, 2021 there were 773.1 million shares outstanding. With this recognition, this plant has consolidated its position as the employer of choice for the best professionals in the country and has strengthened an organizational culture based on safety, predictability and employee trust. Company profile for Southern Copper Corporation (SCCO) with a description, list of executives, contact details and other key facts. While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. 2022 Proxy Statement. Sonora: This low-capital intensity copper greenfield project is strategically located in Sonora, Mexico, approximately 45 kilometers from our Buenavista mine. Additionally, from day one of our operations, we will generate significant contributions to revenues in the Arequipa region. Southern Copper reported revenues of $2.16 billion in the last reported quarter, representing a year-over-year change of -19.6%. These totals would mark changes of -5.69% and +1.63%, respectively, from last year. Create your Watchlist to save your favorite quotes on Nasdaq.com. Southern Copper is expected to post earnings of $0.79 per share for the current quarter, representing a year-over-year change of -26.9%. Want the latest recommendations from Zacks Investment Research? Dun & Bradstreet Holdings, Inc. (NYSE: DNB) is a leading global provider of business decisioning data and analytics. The Mining - Non Ferrous industry is part of the Basic Materials sector. The average capital expenditures over the last five years have been around $1 billion. in a fast changing market we have the experience to adapt to our customers needs. April 28, 2022. BNK Invest caters to investing firms and individual investors internationally. Do Not Sell My Personal Information (CA Residents Only). The Company has created a multidisciplinary management team to plan the development of this project. EPS of $0.67 for the same period compares with $1.12 a year ago.. See the company profile for Southern Copper Corporation (SCCO) including business summary, industry/sector information, number of employees, business summary, corporate governance, key executives and their compensation. SCC seeks sustainability by managing different fronts. 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) southerncopper@southernperu.com.pe. Because the $75.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The management is planning to increase . Today, you can download 7 Best Stocks for the Next 30 Days. If an investor was to purchase shares of SCCO stock at the current price level of $77.66/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $80.00. The Company?s second quarter earnings conference call will be held on Wednesday July 27, 2022, beginning at 10:00 AM ? As of today, these illegal miners are working in the zone. For the current fiscal year, the consensus earnings estimate of $3.04 points to a change of -30.8% from the prior year. The estimated capital investment is $2,600 million and the project is expected to begin operating in 2027. If you require advice in relation to any financial matter you should consult an appropriate professional. Its copper oxide mineralization contains estimated proven and probable reserves of 317 million tons of ore with an average copper grade of 0.249%. 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. It owns mining assets with 70 years of mining ahead, and its mining costs are among the lowest in the industry. Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. This industry currently has a Zacks Industry Rank of 190, which puts it in the bottom 25% of all 250+ industries. 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. The program included more than 26,000 meters of drilling completed in 41 drill holes at the company's MPD project in southern British Columbia. SCC had an operating cash cost before by-products of USD1.35/lb. There were no fatalities to regret. Southern Company. 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. The company topped consensus revenue estimates two times over this period. This operation will use highly cost efficient and environmentally friendly SX-EW technology. The project has all the necessary permits and the capital budget is $413 million. Mang. Copy and paste multiple symbols separated by spaces. }); Webcast. View Presentation. How can we help? Create your Watchlist to save your favorite quotes on Nasdaq.com. A new 25-meter wide off-road facility for mining trucks has been built and will be used to transport the ore from the pit to the primary crushers at the La Caridad copper concentrator. _taboola.push({ The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). Today, that discovery is still the heart of the Zacks Rank. The Company has started the baseline study and is reviewing the basic engineering analysis to request the environmental impact permit. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. The dam, if built, will require a much higher investment than the $100 million budget planned for the desalinization plant. In February, 2022, a group of illegal miners occupied part of the lands of the project and started to produce copper with a low scale artisan process. (obras por impuestos) mechanism. The remaining 11.1% ownership interest is held by the international investment community. The base salary for Investor Relations Manager in companies like SOUTHERN COPPER CORP range from $129,787 to $183,205 with the average base salary of $161,419. BNK Invest Inc. provides investment services and information. From starting in a laundry room to a multi-building permanent location. Today, you can download 7 Best Stocks for the Next 30 Days. Vice President. 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. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Terms and Conditions 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. This industry currently has a Zacks Industry Rank of 38, which puts it in the top 16% of all 250+ industries. Southern Copper today. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. I'm ready to: See What's New Join the Team Find a Branch OIL, CONSTRUCTION, ENERGY, . As part of these efforts, we have implemented successful social programs in education, healthcare and productive development to improve the quality of life in the region. Type a symbol or company name. Elsewhere, the Dow gained 0.33%, while the tech-heavy Nasdaq lost 1.1%. Our staff always looks for the best part for our customers applications, Our large inventory allows us to process all orders fast. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. Our adjusted EBITDA is not necessarily comparable to similar measures used by other companies. These symbols will be available throughout the site during your session. Southern Copper (SCCO) has recently been on Zacks.com's list of the most searched stocks. Company Southern Copper Corporation is an integrated copper producer. 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. Jul 6, 2022 06:00PM EDT In the latest trading session, Southern Copper (SCCO) closed at $48.76, marking a +1.88% move from the previous day. BNK Invest->. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Free: See Our Top Stock and 4 Runners Up >>, Southern Copper Corporation (SCCO): Free Stock Analysis Report. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $77.66) to be 40%. In line with best practice, the Board of Directors has approved the formation of a new Sustainability Committee chaired by an independent director. The Company is a NYSE and Lima Stock Exchange listed company that . Given the importance of water for our operations and in the broader perspective of climate change, the Company recently appointed a Water Resources Director at the executive level, whose main function will be to coordinate the actions needed to promote water management at all our operations and ensure our place as a responsible partner in the regional management of this valuable resource. After submitting your request, you will receive an activation email to the requested email address. 3Q22 Earnings Package. Type a symbol or company name. 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. The average salary for Chief Investor Relations Officer at companies like SOUTHERN COPPER CORP in the United States is $348,900 as of November 23, 2022, but the range typically falls between $306,800 and $404,800. The Mining - Non Ferrous industry is part of the Basic Materials sector. 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. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. At the registration time, you will be provided a dial-in number and a personal confirmation PIN will be generated to access the call. Environmental, Social & Governance (ESG) Investment. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. We expect production to begin in 2024 and the mine life is estimated at 13 years. Southern Copper is holding a Zacks Rank of #1 (Strong Buy) right now. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Southern Copper is rated Zacks Rank #1 (Strong Buy). Copy and paste multiple symbols separated by spaces. The Company expects strong action from the authorities to restore the lands to the Company so that it can continue to develop the project. This project will significantly improve the overall mineral ore grade (combining the 0.78% expected from Pilares with the 0.34% from La Caridad). Basic engineering study is finished and the Company continues developing the project and site environmental activities. Find the latest Southern Copper Corporation (SCCO) stock quote, history, news and other vital information to help you with your stock trading and investing. Within the past 30 days, our consensus EPS projection remained stagnant. }(document.createElement('script'), document.getElementsByTagName('script')[0], '//cdn.taboola.com/libtrc/nasdaq-nasdaq/loader.js'); Sonora: Located 6 kilometers from La Caridad, this project consists of an open-pit mine operation with an annual production capacity of 35,000 tons of copper in concentrate. 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. Over the past month, the estimate has remained unchanged. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Annual production is expected to total 190,000 tons of copper and 105,000 ounces of gold. Tia Maria - Arequipa: Southern Copper has been consistently working to promote the welfare of the population of the Islay province. Investor Relations and Corporate Communications Telephone: 604-682-2992 Email: Tom.Halton@CuMtn.com . 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). Our Operating cash cost per pound of copper produced before by-product revenues allows us and our investors to monitor our cost structure and helps us address . 875 Yeager Parkway Pelham, Alabama 35124. de C.V." Productos Principales: Cobre, Molibdeno, Plata y Zinc 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. We are a world-class mining-metallurgical company, producer of copper and other valuable byproducts. 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. Manager of Financial Planning and Investor Relations: Andres Carlos Ferrero Ghislieri: General Counsel: Latest SEC Filings. For comparison, its industry has an average Forward P/E of 15.06, which means Southern Copper is trading at a premium to the group. With Quality before Quantity as a core belief, Southern Copper is continually improving its processes to better serve its customers and employees. EPS of $0.67 for the same period compares with $1.12 a year ago. 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. 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