Southern Copper Corporation
About Southern Copper Corporation
Overview
Southern Copper Corporation is a major integrated copper producer with operations in Peru and Mexico. The company is one of the most cost-efficient copper producers globally, with large mineral reserves and a strong project pipeline. Southern Copper is a subsidiary of Grupo México.
Operations
The company operates five mines, two smelters, and three refineries in Peru and Mexico. Major operations include Toquepala and Cuajone open-pit mines in Peru, Buenavista and La Caridad mines in Mexico, and IMMSA's underground operations. The company also produces significant amounts of molybdenum, silver, and zinc.
Strategy
Southern Copper's strategy emphasizes maintaining low operating costs, expanding production through major projects, maintaining industry-leading financial strength, and returning significant cash to shareholders through dividends. The company has one of the largest copper reserve bases in the industry.
Key Projects
Key development projects include Michiquillay (a world-class greenfield copper project in Peru with 3.6 billion tonnes of mineral reserves), Los Chancas in Peru, and El Pilar in Mexico. The company also continues to pursue efficiency improvements and debottlenecking at existing operations.
Primary Commodities
Financial Metrics
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Quick Facts
- Ticker Symbol
- SCCO
- Market Cap
- Large Cap
- Category
- Copper
- Commodities
- Copper, Molybdenum, Silver
- Headquarters
- Phoenix, Arizona, USA (Operations: Peru, Mexico)
- Founded
- 1952
- Employees
- ~13,500
Operating Countries
Producing Assets
- •Toquepala (Peru)
- •Cuajone (Peru)
- •Buenavista (Mexico)
- •La Caridad (Mexico)
- •IMMSA Complex (Mexico)
Development Assets
- •Michiquillay (Peru)
- •Los Chancas (Peru)
- •El Pilar (Mexico)
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.