SCCONYSEMetal MiningUS GAAP · USD

Southern Copper Corporation

Southern Copper Corp. is a U.S.-based mining company focused on the extraction, smelting, refining, and sale of copper and copper by-products. Its core operations are concentrated in Peru and Mexico, with additional exploration activity in Chile and Argentina.

Liikevaihto13,4mrd USD
+17,4 %v/v
Liikevoitto (EBIT)7 002milj. USD
+26,1 %v/v
EBIT-marginaali52,2%
+3,6 %-yks.v/v
Nettotulos4 348milj. USD
+28,3 %v/v
Vapaa kassavirta3 427milj. USD
+1,0 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

051015mrd USD2020: 8,0 mrd USD2020: EBIT 3,1 mrd USD20202021: 10,9 mrd USD2021: EBIT 6,1 mrd USD20212022: 10,0 mrd USD2022: EBIT 4,4 mrd USD20222023: 9,9 mrd USD2023: EBIT 4,2 mrd USD20232024: 11,4 mrd USD2024: EBIT 5,6 mrd USD20242025: 13,4 mrd USD2025: EBIT 7,0 mrd USD202513,47,0
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Copper products76 %

Primary copper output from mining, concentrating, smelting, and refining operations.

Molybdenum11 %

Recovered as a major by-product and sold into industrial and alloy markets.

Silver6 %

Silver recovered from copper processing and sold as a metallurgical by-product.

Zinc4 %

Zinc produced mainly from Mexican open-pit operations and sold as a by-product metal.

Other by-products3 %

Includes gold, sulfuric acid, and other materials recovered in the production process.

Tuotteet

Raportoitu · osuus liikevaihdosta
76,6%10,9%FY2024100 %
  • Copper76,6 %
  • Molybdenum10,9 %
  • Silver5,1 %
  • Zinc3,8 %
  • Other Metals3,6 %

Lähde: 10-K FY2024, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Southern Copper sells mainly to end users rather than to spot-market traders, and it emphasizes annual or longer-term contracts for most of its output. Its customers are industrial buyers that use copper and by-products in power infrastructure, construction, electronics, transportation, alloying, and chemical applications.

Copper end users

Buy copper cathodes and concentrates for power, construction, electronics, and industrial uses.

Molybdenum buyers

Industrial customers using molybdenum to strengthen alloys and for chemical applications.

Silver buyers

Customers in electronics, jewelry, and industrial applications that use silver by-products.

Zinc customers

Buyers using zinc for galvanizing, die-cast parts, batteries, and architectural products.

Strategia

Southern Copper’s strategy centers on copper production, by-product recovery, and disciplined long-life mine development. It also prioritizes long-term customer contracts, production enhancement, exploration, and capital projects that extend mine life and support future output.

Increase copper production capacityKeskipitkä aikaväli

Copper is the core revenue driver and the basis of the company’s market position.

Maintain long-term customer relationshipsLyhyt aikaväli

Annual and longer-term contracts support sales visibility and end-user access.

Expand reserves through explorationPitkä aikaväli

Reserve replacement is essential for sustaining long-life mining operations.

Grow by-product valueKeskipitkä aikaväli

By-products help offset copper production costs and diversify revenue.

Maantiede

Southern Copper’s principal operating footprint is in Peru and Mexico, where it runs large mine complexes plus smelting, refining, and supporting logistics assets. The company also maintains exploration programs in Chile and Argentina, which extend its resource base beyond current operating mines.

Riskit

Southern Copper is highly exposed to copper and by-product price cycles, which can move quickly with global supply, demand, trade policy, and macro conditions. Its mining operations also face geological, environmental, labor, weather, and safety risks, while Peru and Mexico create foreign-exchange and regulatory exposure.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Copper and metal price volatility1Mining and processing operational hazards2Regulatory and environmental compliance3Trade policy and tariff uncertainty4Foreign exchange and local cost inflation5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Copper and metal price volatilityVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Revenue depends heavily on market prices for copper, molybdenum, zinc, and silver.

    KohdistuuCopperMolybdenumZincSilver
  2. Mining and processing operational hazardsVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Open-pit and underground mining can face accidents, wall failures, floods, and collapses.

    Kohdistuu: Peru and Mexico operations

  3. Regulatory and environmental complianceVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Permitting, environmental rules, and social pressures can delay or constrain operations.

    KohdistuuPeruMexicoChileArgentina
  4. Trade policy and tariff uncertaintyVaikutus: KeskitasoTodennäköisyys: Korkea

    Tariffs and trade tensions can alter pricing, supply chains, and market access.

    Kohdistuu: United States and global trade flows

  5. Foreign exchange and local cost inflationVaikutus: KeskitasoTodennäköisyys: Matala

    Costs are partly denominated in Peruvian soles and Mexican pesos while revenue is mainly in USD.

    Kohdistuu: Peru and Mexico

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition for metal sales

Sales prices are tied to commodity pricing periods and contract terms, affecting timing and reported revenue.

Vaikutus: Can shift revenue between periods

Ore reserves and stockpile estimates

Reserve and stockpile assumptions drive depletion, amortization, and inventory valuation.

Vaikutus: Can materially affect cost of sales and asset values

Asset impairment

Mine economics and metal prices can require impairment reviews for operating and development assets.

Vaikutus: Can create large non-cash charges

Asset retirement obligations

Mine closure and remediation liabilities depend on long-term estimates and discount rates.

Vaikutus: Affects liabilities and accretion expense

Lease accounting and financial instruments

Lease classification, discount rates, and fair value estimates affect liabilities and finance costs.

Vaikutus: Can change leverage and earnings presentation

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026