Southern Copper Reports Record Q1 Earnings, Boosts Dividends Amid Strong Performance

summarizeSummary

Southern Copper Corporation announced record first-quarter 2026 financial results, driven by significant sales and net income growth, alongside a substantial increase in both cash and stock dividends.

check_boxKey Events

• Record Q1 Financials

  Net income surged 66.7% to a new company record of $1,576.9 million, with sales up 36.2% and EPS increasing 67.0% compared to 1Q25.

• Negative Operating Cash Cost

  Operating cash cost per pound of copper, net of by-product credits, improved to -$0.11 in 1Q26, a significant reduction from $0.77 in 1Q25, reflecting strong cost efficiencies.

• Increased Dividends Authorized

  The Board authorized a quarterly cash dividend of $1.00 per share and a stock dividend of 0.0100 shares per share, payable on May 29, 2026, representing substantial increases from the prior year.

• Strong Cash Flow Generation

  Cash flow from operating activities increased 135.0% to $1,694.5 million in 1Q26, demonstrating robust operational cash generation.

auto_awesomeAnalysis

Southern Copper Corporation delivered an exceptionally strong first quarter, reporting record net income and a substantial increase in sales and EBITDA. The company's operating cash cost per pound of copper turned negative, highlighting impressive cost efficiencies and higher by-product revenues. The Board's authorization of significantly higher cash and stock dividends signals strong confidence in future performance and commitment to shareholder returns. While copper production saw a slight decrease, it was within the annual plan and offset by strong by-product volumes and metal prices. The ongoing multi-billion dollar capital investment program also underscores long-term growth initiatives.