southern copper corporation investor relations

The Mining - Non Ferrous industry is part of the Basic Materials sector. The Company?s second quarter earnings conference call will be held on Wednesday July 27, 2022, beginning at 10:00 AM ? In preparation for upcoming drilling, the Company has mobilized field crews to the property for mapping, sampling and . Quoting the Chairman of our Board of Directors in the letter that accompanies the 2021 Sustainable Development Report of our holding, Grupo Mexico: "A business model focused on responsible and transparent management in the social, economic and environmental spheres are essential to guarantee sustainable development." Free: See Our Top Stock and 4 Runners Up >>, Do Not Sell My Personal Information (CA Residents Only). 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. Southern Copper Corporation engages in mining, exploring, producing, smelting, and refining copper and other minerals in Peru, Mexico, and Chile. Written by 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. Enfocarnos en la produccin de cobre, el control de costos, la mejora de la produccin y el mantenimiento de una estructura de capital prudente para continuar siendo rentables a lo largo de todo el ciclo de precios. SOUTHERN COPPER CORPORATION - Minera Mxico - Southern Peru ASARCO (USA) MINERA LOS FRAILES (Spain) OPERATIONS. CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW. April 27, 2021. . CNN's Jim Acosta said he still had "marks on my back" from his time serving as White House correspondent during former President Donald Trump's administration. Free: See Our Top Stock and 4 Runners Up >>, Do Not Sell My Personal Information (CA Residents Only). When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. OIL, CONSTRUCTION, ENERGY, . Terms and Conditions This is a significant step in our pledge to a robust and strong ESG performance. We expect production to begin in 2024 and the mine life is estimated at 13 years. 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 Zacks Mining - Non Ferrous industry, to which Southern Copper belongs, has gained 17.8% over this period. placement: 'Mid Article Thumbnails', We estimate an investment of approximately $2.5 billion will be required and expect production start-up by 2028. We expect to initiate operations in 2H23. 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 views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Do Not Sell My Personal Information (CA Residents Only). You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Its a little-known chemical company thats up 65% over last year, yet still dirt cheap. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. Do Not Sell My Personal Information (CA Residents Only). Zacks->. TOP COPPER PRODUCERS . Southern Copper Corporation is a mining company that was founded in 1952. Southern Copper Corporation SCCO is expected to release first-quarter 2021 results, before the opening bell on Apr 26. COMEX; Gold and Zinc ? Follow us on social networks. Its a little-known chemical company thats up 65% over last year, yet still dirt cheap. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Southern Copper has grown tremendously over the last 30 years. Type a symbol or company name. During the conference call, please join live presentation through Webex at the following link: https://americasmining.webex.com/americasmining/j.php?MTID=mac6f4fa227940b379b850d683f582bd4, CONDENSED CONSOLIDATED STATEMENT OF EARNINGS. Southern Coppers Mission is to be viewed by its family of customers and employees as a Metals Service Center that is: Quick, Affordable, and Uncomplicated when distributing Raw Metals and Machining services. Michiquillay will become one of Peru?s largest copper mines and will create significant business opportunities in the Cajamarca region; generate new jobs for the local communities; and contribute with taxes and royalties to the local, regional and national governments. Click here to see the values of some of the valuation metrics that have driven this grade. These results led to our inclusion in the Dow Jones Sustainability index for the MILA region in 2019 and we have also been included in the 2022 Sustainability Yearbook. It is also important to note the recent changes to analyst estimates for Southern Copper. Investor Relations Southern Copper Corp PCU Stock Quote Morningstar Rating . All rights reserved. For the current and next fiscal years, $9.71 billion and $9.44 billion estimates indicate -11.2% and -2.8% changes, respectively. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Fintel is a registered trademark. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Investor Relations: Raul Jacob Victor Pedraglio +(602) 264-1375: October 27, 2022. . Click to get this free report, Southern Copper Corporation (SCCO) : Free Stock Analysis Report. 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. 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. As of June 30, 2022, we had invested $264.9 million in this project. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. 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. El Pilar ? Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Zacks Equity Research for With Quality before Quantity as a core belief, Southern Copper is continually improving its processes to better serve its customers and employees. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. The dam will have a total capacity of 73 million cubic meters, of which the Company will use a maximum of 10 million cubic meters. 13.02.22 Redaktion Finanzen Verlag Hot Stock der Wall Street: Southern Copper Corporation-Aktie 08.02.22 MyDividends Southern Copper gibt Dividende bekannt 03.02.22 finanzen.net Southern Copper . The average salary for Investor Relations Director at companies like SOUTHERN COPPER CORP in the United States is $221,262 as of September 26, 2022, but the range typically falls between $190,514 and $255,624. EPS of $0.67 for the same period compares with $1.12 a year ago. The Metallurgical Complex in Sonora, where we smelt and refine material mined from the region, was recognized in the ranking of the 10 Best Places to Work for Women. Today, you can download 7 Best Stocks for the Next 30 Days. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. Southern Company. The Southern Copper Corporation stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. These factors include those listed in the Company?s most recently filed quarterly reports on Form 10-Q and annual report on Form 10-K. Today, that discovery is still the heart of the Zacks Rank. As of June 30, 2022, December 31, 2021 and June 30, 2021 there were 773.1 million shares outstanding. To read this article on Zacks.com click here. Today, that discovery is still the heart of the Zacks Rank. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. TRANSPORTATION. During the second quarter of 2022, the Maritime Terminal of Guaymas, Mexico received ISO 45001 certification and the Charcas unit in Mexico became the first of our underground mines to obtain ISO 14001 certification. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. 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. The Investor Relations website contains information about Lifecore Biomedical's business for stockholders, potential investors, and . 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 . In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. About SouthState: A Leading Regional Bank in the Southeast | SouthState Bank Login About Us Creating a Better Banking Experience At SouthState Bank, we're committed to innovative solutions that make our customers' lives easier and more convenient. At The Southern Company, we promise to treat your data with respect and will not share your information with any third party. The Company has started the baseline study and is reviewing the basic engineering analysis to request the environmental impact permit. Investor Relations: Raul Jacob. The project has all the necessary permits and the capital budget is $413 million. We reiterate our view that the initiation of construction activities at Tia Maria will generate significant economic opportunities for the Islay province and the Arequipa region. We believe that adjusted EBITDA provides useful information to management, investors and others in understanding and evaluating our operating results. We have also promoted agricultural and livestock activities in the Tambo Valley and supported growth in manufacturing, fishing and tourism in Islay. Southern Coppers Quality Management System offers support in improving the business practices employed. Copy and paste multiple symbols separated by spaces. window._taboola = window._taboola || []; 875 Yeager Parkway Pelham, Alabama 35124. View all. Current estimates of indicated copper mineral resources are 98 million tons of oxides with a copper content of 0.45% and 52 million tons of sulfides with a copper content of 0.59%. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. This website is provided as is without any representations or warranties, express or implied. 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. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Annual production is expected to total 190,000 tons of copper and 105,000 ounces of gold. Get the latest business insights from Dun & Bradstreet. The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $152,458 to $218,472 with the average total cash compensation of $180,767. Date Type Title; Oct 31, 2022: 10-Q: Quarterly Report MOST EXTENSIVE RAILROAD COVERAGE IN MEXICO AND IN TWO OF THE MOST IMPORTANT US STATES INFRASTRUCTURE. In addition, 2Q22 vs 2Q21 net sales were affected by lower sales volumes due to the following unusual events: an uptick in the finished goods inventory, equivalent to a $105.2 million sales reduction; a $89.3 million decrease in Cuajone?s production due to the illegal seizure of its facilities by individuals not related to the company; and a drop in sales for the equivalent of $117.8 million due lower ore grades. Type a symbol or company name. These stocks will be looking to continue their solid performance. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Southern Copper's Quality Management System offers support in improving the business practices employed. Procurement has progressed 99% and all the main equipment is on site. 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. Our current portfolio for approved projects in Peru totals $2.8 billion, $1.6 billion of which has already been invested. 2021 Annual Report PDF. and a cash cost after by-product credits of USD0.69/lb during the first nine months of 2020. The Company operates mining units and metallurgical facilities in Mexico and Peru and conducts exploration activities in Argentina, Chile, Ecuador, Mexico and Peru. Southern Copper Corp is an integrated producer of copper and other minerals and operates the mining, smelting, and . The average hourly wage for an Investor Relations Administrator at companies like SOUTHERN COPPER CORP in the United States is $48 as of June 28, 2022, but the range typically falls between $40 and $56. This industrial complex was also given the 2021 National Export Award in the category of Large Industrial Exporting Companies for its contribution to foreign trade and international business in the country. At Stock Options Channel, our YieldBoost formula has looked up and down the SCCO options chain for the new April 21st contracts and identified one put and one call contract of particular interest. This company could rival or surpass other recent Zacks Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Within the past 30 days, our consensus EPS projection remained stagnant. Type a symbol or company name. Southern Copper Corporation (NYSE and LSE: SCCO) conducted its 3Q-2022 conference call with the financial community on Wednesday, October 28, 2022, Southern Copper Corporation (NYSE and LSE: SCCO) will conduct its 3Q-2022 conference call with the financial community on Wednesday, October 28, 2022, Good morning, and welcome to Southern Copper Corporations second quarter 2022 Results Conference Call. If we include the up-and-coming Michiquillay ($2.5 billion) and Los Chancas ($2.6 billion) projects, our total investment program in Peru reflects a commitment of $7.9 billion. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. The estimated capital investment is $2,600 million and the project is expected to begin operating in 2027. 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. Please fill out the form below and click "Place Order" to complete your order. Environmental, Social & Governance (ESG) Investment. Copper Mountain's flagship asset is the 75% owned opper Mountain Mine located in southern ritish olumbia . In a context impacted by a drop in copper prices, we registered a significant mark-to-market adjustment to open sales. Coming into today, shares of the miner had lost 26.24% in the past month. For molybdenum, it represented 9.7% of the company's sales value in the second quarter of this year and is currently our first by-product . Copy and paste multiple symbols separated by spaces. Type a symbol or company name. A wealth of resources for individual investors is available at www.zacks.com. EST (9:00 AM Lima and Mexico City time). 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. SCC's investment-grade rating is supported by its position as one of the world's lowest cost producers of copper and robust profitability. The EPS surprise was +21.82%. Southern Copper Corporation's rating increased by 22% in the 2021 Corporate Sustainability Assessment of S&P Global. Free: See Our Top Stock and 4 Runners Up >>, Southern Copper Corporation (SCCO): Free Stock Analysis Report. BNK Invest caters to investing firms and individual investors internationally. This marks the Company's first full year as an operating gold producer after . Valuation is also important, so investors should note that Southern Copper has a Forward P/E ratio of 24.87 right now. Clients embed our trusted, end-to-end solutions into their daily . Michiquillay is a world class mining project with inferred mineral resources of 2,288 million tons with an estimated copper grade of 0.43%. Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. Meanwhile, our latest consensus estimate is calling for revenue of $2.48 billion, down 12.19% from the prior-year quarter. Sonora: This low-capital intensity copper greenfield project is strategically located in Sonora, Mexico, approximately 45 kilometers from our Buenavista mine. Metals Week Dealer Oxide, 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 ? This model considers these estimate changes and provides a simple, actionable rating system. SCCO's industry had an average PEG ratio of 0.82 as of yesterday's close. 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). From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. Sitemap; Vendors / Suppliers; Job Opportunities; Create your Watchlist to save your favorite quotes on Nasdaq.com. Below is a chart showing the trailing twelve month trading history for Southern Copper Corp, and highlighting in green where the $75.00 strike is located relative to that history: Turning to. 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%). Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Additionally, from day one of our operations, we will generate significant contributions to revenues in the Arequipa region. Vice President. Buenavista Zinc ? The company's low-cost position on the . These events are important steps that will allow Southern Copper to initiate an in-depth exploration program in the third quarter of 2022. For Southern Copper, the consensus sales estimate for the current quarter of $2.48 billion indicates a year-over-year change of -12.2%. }(document.createElement('script'), document.getElementsByTagName('script')[0], '//cdn.taboola.com/libtrc/nasdaq-nasdaq/loader.js'); Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. 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. Investors can capitalize on this by using the Zacks Rank. Southern Copper is still located on the same property that was purchased in 1989.
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