It is our responsibility to communicate the context of the controversies around the Tia Maria project and we must be clear that there are opposition groups whose purpose is to stop the construction of this project. During 2019, total copper production reached over 1 million tons, a new milestone in the history of Southern Copper Corporation. Southern Copper Corp. annual income statement. View the SCCO U.S. Securities and Exchange Commission reporting information. below): Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of As of October 28, 2019 there were outstanding 773,058,869 shares of Southern Copper Corporation common stock, par value $0.01 per share. In addition to the risks and uncertainties noted in this news release, there are certain factors that could cause results to differ materially from those anticipated by some of the statements made. Exhibit 99.1 RESULTS FIRST QUARTER 2019 Investor Relations: Raul Jacob +(602) 264-1375 April 29, 2019 Southern Copper Corporation (NYSE and BVL: SCCO) [email protected] www.southerncoppercorp.com Copper production increased 11.6% in 1Q19 when compared with 1Q18, due to higher production at all of our operations. EBITDA and adjusted EBITDA do not represent, and should not be considered an alternative to, net income, operating income, or cash flow from operations as those terms are defined by GAAP, and do not necessarily indicate whether cash flows will be sufficient to fund cash. As of September 30, 2019, there were 773.1 million shares outstanding; and as of December 31, 2018 and September 30, 2018 there were 773.0 million shares outstanding. ... 2019. A third group of opposition is politically driven, trying to take advantage of the current situation to enhance its political status by entering in the controversy over the project. Southern Copper operating cash cost including the benefit of by-product credit was $0.94 per pound in the first quarter of 2019. revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. These actions were followed by the filing of three complaints, sponsored by groups opposing the Tia Maria project, before the Mining Council, which is the Peruvian administrative authority responsible to decide on these complaints. The previous Southern Copper Corporation dividend was 50c and it went ex 24 days ago and it was paid 9 days ago. CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW. This news release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or (NEW YORK) – Jewelers’ Security Alliance (JSA) has released its 2019 Annual Crime Report which showed that dollar losses from crime against the U.S. jewelry industry increased from $53.4 million in 2018 to $101 million in 2019, an increase of 89.1%. To the Common Stockholders of Southern Copper Corporation: The annual meeting of stockholders of Southern Copper Corporati on will be held at Edificio Parque Reforma, Campos Eliseos No. 2019 Annual Report and Form 10K. Southern Copper Corp. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. However, evidence suggest that due to their specialization, mining worker’s wages scales do not affect salaries of agricultural activities. The measure operating cash cost per pound of copper produced net of by-product revenues is a common measure used in the copper industry to track performance and it is a useful management tool that allows us to better allocate our resources. In addition, because not all companies use identical calculations, the measures included in this release may not be comparable to similarly titled measures of other companies. revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. As the price of our by-product commodities can have significant fluctuations from period to period, the value of its contribution to our costs can be volatile. Request Information. We expect the differences with these three groups will be resolved in the near future and we will continue with this project, which will have a very positive impact on growth, investment and the well-being of the Arequipa region. Southern Copper Corp. does not currently have any hardcopy reports on AnnualReports.com. On Jan 21, we issued an updated research report on Southern Copper Corporation (SCCO - Free Report) .The company continues to witness the benefits of cost-reduction programs and expansion actions. PURSUANT TO SECTION 13 OR 15(D) OF THE 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 silver. SECURITIES EXCHANGE ACT OF 1934, Date of report (Date of earliest event reported): October 25, 2019(October 23, 2019), (Exact name of registrant as specified in its charter), 1440 E. Missouri Ave., Suite 160, Phoenix, Burglary losses were the biggest driver of the increase going from $11.6 million in […] Annual and quarterly financial reports, income statements and balance sheets for SOUTHERN COPPER CORPORATION (SCCO) on MSN Money. furnished pursuant to Item 2.02 of this Form 8-K. Non-GAAP financial measures are intended to provide additional information only and do not have any standard meaning prescribed by U.S. generally accepted accounting principles (“GAAP”). These measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Southern Copper's annual revenues are over $500 million (see exact revenue data). Table of Contents Southern Copper Corporation (“SCC”) To put these figures into perspective, to-tal mining investment amounted to US$4.95 12/31/2016. 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. ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ... SOUTHERN COPPER CORPORATION ... At February 27, 2019, there were of … duly authorized. Archived Reports Files on this page are PDF. The Company is a NYSE and Lima Stock Exchange listed company that is 88.9% owned by Grupo Mexico, a Mexican company listed on the Mexican stock exchange. A copy of this press release is … 400, 9 Floor, Col. Lomas de Chapultepec, Delegacion Miguel Hidalgo, Mexico City, C.P. THIRD QUARTER AND NINE MONTHS 2019 RESULTS. {{root.upsell.info.feature_description}} Please note that this feature is only available as an add-on to YCharts subscriptions. These projects, together with our other investments in Mexico, will increase our Mexican operations’ copper production by 16% and zinc production by 93%. A group of environmentalist that opposes the project. 10-K/A. Southern Copper Corp. SEC filings breakout by MarketWatch. This 12.5% increase in production, compared with 2018, was principally due to higher copper production at the new Toquepala concentrator (+51.5%); and at … This project will add 35,000 tons of copper per year. Southern Copper Corp ... from an average of $2.63 per pound in the third quarter of 2019 to a price of $2.96 or 12.5% higher price. We are currently developing the next phase of a growth program aiming to reach a milestone copper production capacity of 1.5 million tons by 2025, through the development of new projects. Operating cash cost per pound of copper produced before by-product revenues and Operating cash cost per pound of copper produced net of by-product revenues. We believe that adjusted EBITDA provides useful information to management, investors and others in understanding and evaluating our operating results. We received orders for $3.7 billion, a demand of 3.7 times the offering. Toquepala Expansion Project – Tacna: This $1.3 billion project includes a new-state-of-the-art concentrator that has increased Toquepala´s annual copper production to reach 257,000 tons in 2019, a 51% production increase for this operation when compared to 2018. The remaining 11.1% ownership interest is held by the international investment community. View SCCO financial statements in full. Accordingly, this information will not be incorporated by reference into any registration statement or other document filed by Southern Copper Corporation pursuant to the Securities Act of 1933 or US$5.3 billion Quellaveco copper opera-tion. Find the latest Earnings Report Date for Southern Copper Corporation Common Stock (SCCO) at Nasdaq.com. 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. Currently we have a portfolio of $2.8 billion approved projects in Peru of which $1.6 billion have already been invested. 2. 2019, to shareholders of record at the close of business on November 7, 2019. {{root.upsell.info.feature_headline}}. As of September 30, 2019, we have invested $1,296.8 million in this expansion. The Company’s third quarter and nine months earnings conference call will be held on Thursday October 24, 2019 beginning at 10:00 AM – EST (9:00 AM Lima and Mexico City time). ... 12/31/2019. 1. There are typically 4 dividends per year (excluding specials). Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see We also reiterate our commitment to delay the construction of Tia Maria until it has established, in close coordination with the government, a common ground for dialogue with neighboring communities to address any concerns and provide guarantees to achieve more social support for the project. SECURITIES AND EXCHANGE COMMISSION, CURRENT REPORT Set Alerts ... 12/31/2019: 10-K: Annual Reports: 02/26/2020: 02/25/2020: 8-K: Special Events: 11/01/2019: 10/31/2019: 8-K: Special Events: 10/28/2019… Press release of Southern Copper Corporation dated October 23, 2019, furnished pursuant to Item 2.02 of this Form 8-K. Cover Page Interactive Data File (embedded within the Inline XBRL document), (in millions except per share amount and %s), 2268846 and “Southern Copper Corporation Third Quarter 2019 Earnings Results”, Cost of sales (exclusive of depreciation, amortization and depletion shown separately below), Interest expense, net of capitalized interest, Net income before equity earnings of affiliate, Less: Net income attributable to non-controlling interest, Net income attributable to SCC common shareholders – 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, Net cash provided by (used in) financing activities, Increase/(decrease) in cash and cash equivalents, Reconciliation of Net Income attributable to SCC to adjusted EBITDA, Net income attributable to the non-controlling interest, Cost of sales (exclusive of depreciation, amortization and depletion) - GAAP, Selling, general and administrative expenses, Treatment and refining charges net of sales premiums, Purchased concentrates from third parties, Operating cash cost before by-product revenues, Operating cash cost, net of by-products revenue, Total pounds of copper produced, in millions, XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE. In this press release, SCC reported that on October 17, 2019, the Board of Directors authorized a dividend of $0.40 per share payable on November 21, Click the button below to request a report when hardcopies become available. 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 operating management areas of concern. 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. The SCC total debt has the longest schedule of amortization in the mining industry (approximately 20 years) which demonstrates our commitment to maintain a strong financial position without significant short-term due dates. They fear that their operations may be affected by the demand of labor of our project. de C.V.” Main Products: Copper, Molybdenum, Silver and Zinc: Business Strategy The next Southern Copper Corporation dividend is expected to go ex in 2 months and to be paid in 3 months. The Pilares project, with an investment of $159 million, which when completed in 2021 will add 35,000 tons of copper per year and will increase the ore grade mix at the La Caridad mine. Southern Copper Corporation has 13140 total employees across all of its locations and generates $7.29 billion in sales (USD). Southern Copper Corp. annual cash flow and in depth look at SCCO operating, investing, and financing activities. It is classified as operating in the Metal Ore Mining industry. Our determination of the components of adjusted EBITDA is evaluated periodically based on a review of non-GAAP financial measures used by mining industry analysts. 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