**Southern Copper Corporation Reports Annual Financial Results**
Southern Copper Corporation (SCC), a major integrated copper producer, released its Form 10-K filing, detailing its financial and operational performance for the fiscal year ending December 31, 2025. The company reported net sales of $13.42 billion, a 17.4% increase from $11.43 billion in 2024. This growth was attributed to higher sales volumes of molybdenum, zinc, and silver, coupled with increased prices for copper, silver, molybdenum, and zinc. Net income attributable to SCC reached $4.33 billion, a 28.4% increase compared to $3.38 billion in the previous year. Earnings per share were reported at $5.24, up from $4.21 in 2024.
A key factor influencing SCC's financial results was the price of copper, which averaged $4.82 per pound on the COMEX exchange and $4.51 per pound on the LME. The company's copper production for the year totaled 2.11 billion pounds, slightly down from 2.15 billion pounds in 2024. Molybdenum production increased to 68.7 million pounds, while silver production rose to 24.2 million ounces. Zinc production also saw a significant increase, reaching 390.2 million pounds. The company's operating cash cost per pound of copper, net of by-product revenues, was $0.58, compared to $0.89 in the prior year.
Operationally, SCC's management divides the company into three reportable segments: Peruvian operations, Mexican open-pit operations, and Mexican underground mining operations (IMMSA unit). The Peruvian operations produced 894.3 million pounds of copper, while the Mexican open-pit operations produced 1.17 billion pounds. The IMMSA unit contributed 22.5 million pounds of copper. The company's capital investment program continued, with $1.33 billion spent in 2025, primarily on projects in Peru and Mexico. These investments are aimed at increasing production capacity and improving operational efficiency.
Looking ahead, Southern Copper anticipates a copper market deficit in 2026 and expects its copper production to reach 911,400 tonnes. The company's Board of Directors has approved a capital investment program of $1.93 billion for 2026, focusing on key projects such as Tia Maria in Peru and various initiatives in Mexico. SCC remains committed to sustainable development and responsible mining practices, with ongoing efforts to improve environmental performance and engage with local communities. As of December 31, 2025, the company employed 16,617 people, with a significant portion of its workforce hired locally.
About SOUTHERN COPPER CORP/
Southern Copper Corporation is a leading integrated copper producer with operations in Peru and Mexico. It mines, smelts, and refines copper, molybdenum, zinc, and silver, serving global markets in construction, electrical, and industrial sectors. The company emphasizes cost control, long-term customer contracts, and sustainable practices, leveraging extensive reserves, modern technology, and vertical integration to maintain competitive advantage in the mining industry.
About 10-K Filings
A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.
Key points about the 10-K:
- Frequency: Filed annually, typically within 60 to 90 days after the end of the company's fiscal year.
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- Management's Discussion and Analysis (MD&A) of financial condition and results
- Description of the company's business, properties, and legal proceedings
- Risk factors and market risks
- Executive compensation and corporate governance information
- Importance: Considered the most comprehensive and important document a public company files with the SEC.
- Length: Often exceeds 100 pages due to its extensive and detailed nature.
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