Southern Copper Corporation
Price History
Loading chart...
About Southern Copper Corporation
Southern Copper Corporation (SCCO) is a copper mining company. Our project database tracks 21 projects for Southern Copper Corporation with technical and economic data extracted from company filings. Its flagship Buenavista del Cobre (BVC) (Pre-Feasibility) carries an after-tax NPV of $3.70B over a 30-year mine life.
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
Project Economics
Tía María
Southern Copper Corporation (Consolidated)
Buenavista del Cobre
IMMSA (Industrial Minera México)
IMMSA
Toquepala
- Royalties / Streams
- NSR royalty (modified mining royalty) (1%)
Cuajone Operations
- Royalties / Streams
- 1% NSR royalty applied to Cu and Mo
La Caridad
- Mineral Reserves
- Approximately 1.96 billion tonnes (Bt) of mill feed with a Cu grade of 0.22% total Cu for 4,411 Kt of contained Cu; an additional 384 Mt of Mineral Reserves as Leachable ROM Ore with a Cu grade of 0.17% total Cu for 663 Kt of contained Cu; 721 Kt of Mo generated over the life of mine
- Mineral Resources
- Total (La Caridad + Pilares): Leach Measured 5 Mt @0.07% Cu, 3 Kt Cu; Leach Indicated 113 Mt @0.07% Cu, 73 Kt Cu; Leach M+I 118 Mt, 76 Kt Cu; Leach Inferred 342 Mt @0.08% Cu, 278 Kt Cu; Mill Measured 89 Mt @0.15% Cu @0.025% Mo, 134 Kt Cu, 23 Kt Mo; Mill Indicated 2,166 Mt @0.15% Cu @0.022% Mo, 3,193 Kt Cu, 470 Kt Mo; Mill M+I 2,255 Mt, 3,327 Kt Cu, 493 Kt Mo; Mill Inferred 5,318 Mt @0.13% Cu @0.024% Mo, 6,708 Kt Cu, 1,273 Kt Mo
Santa Bárbara
- Mineral Resources
- Indicated 19,883 kt at 0.16 g/t Au, 97.51 g/t Ag, 3.36% Zn, 1.71% Pb, 0.47% Cu; Inferred 47,333 kt at 0.12 g/t Au, 81.54 g/t Ag, 3.34% Zn, 1.87% Pb, 0.45% Cu. Reported at NSR cut-off US$82.98/t, exclusive of reserves.
Charcas
- Mineral Resources
- Indicated: 18,085 kt @ Ag 57 g/t, Zn 3.74%, Pb 0.24%, Cu 0.35%; Inferred: 15,752 kt @ Ag 63 g/t, Zn 3.32%, Pb 0.35%, Cu 0.32% (exclusive of reserves)
San Martín
- Mineral Reserves
- No Mineral Reserves declared under S-K 1300 standards
- Mineral Resources
- Indicated 12,978 kt @ 77 g/t Ag, 1.97% Zn, 0.34% Pb, 0.65% Cu (35.32 Moz Ag, 256,307 t Zn, 43,909 t Pb, 84,753 t Cu); Inferred 52,330 kt @ 72 g/t Ag, 2.66% Zn, 0.32% Pb, 0.48% Cu (121,500 koz Ag, 1,393,758 t Zn, 167,526 t Pb, 251,323 t Cu)
Charcas Polymetallic Mine
- Mineral Resources
- Indicated: 6,410 kt @ 84 g/t Ag, 3.06% Zn, 0.39% Pb, 0.52% Cu (17,297 koz Ag, 195.9 kt Zn, 24.9 kt Pb, 33.5 kt Cu); Inferred: 15,162 kt @ 98 g/t Ag, 2.78% Zn, 0.39% Pb, 0.55% Cu (48,005 koz Ag, 421.0 kt Zn, 58.7 kt Pb, 82.8 kt Cu)
El Arco Project
- Mineral Reserves
- Mineral reserves per Table 12-3, current as of December 31, 2021 (details not extracted from text)
- Mineral Resources
- Indicated: Total 877.95 Mt at 0.41% Cu, contained 7,880.16 Mlb Cu, 146.48 Mlb Mo, 3.23 Moz Au, 41.88 Moz Ag (Mill 826.62 Mt at 0.41% Cu, 0.008% Mo, 0.12 g/t Au, 1.6 g/t Ag, contained 7,544.91 Mlb Cu, 146.48 Mlb Mo, 3.226 Moz Au, 41.88 Moz Ag; Leach 51.32 Mt at 0.30% Cu, contained 335.25 Mlb Cu). Inferred: Total 2,408.66 Mt at 0.37% Cu, contained 19,703.27 Mlb Cu, 298.15 Mlb Mo, 8.05 Moz Au, 110.89 Moz Ag (Mill 2,344.89 Mt at 0.37% Cu, 0.006% Mo, 0.11 g/t Au, 1.5 g/t Ag, contained 19,352.33 Mlb Cu, 298.15 Mlb Mo, 8.05 Moz Au, 110.89 Moz Ag; Leach 63.78 Mt at 0.25% Cu, contained 350.94 Mlb Cu).
- Royalties / Streams
- Only royalties payable to the Mexican Government.
Tia Maria Copper Project
- Royalties / Streams
- 1% royalty payable; modified mining royalty included in cashflow analysis
El Pilar
- Mineral Reserves
- 317 Mt at 0.25% total copper for 1.74 billion pounds of contained copper (Proven & Probable)
- Mineral Resources
- Measured 2.2 Mt @0.20% TCu, 0.10% SCu; Indicated 81.3 Mt @0.18% TCu, 0.08% SCu; Total M&I 83.4 Mt @0.18% TCu, 0.08% SCu; Inferred 88.6 Mt @0.12% TCu, 0.06% SCu
La Caridad (LC)
- Mineral Reserves
- Leach: 43 Mt, 0.09% Total Cu, 81 Mlbs Cu; Mill: 372 Mt, 0.24% Total Cu, 0.02% Mo, 1,955 Mlbs Cu, 185 Mlbs Mo; Waste: 38 Mt; Total material: 452 Mt; Strip ratio 0.09
- Mineral Resources
- Leach process: Indicated 817 Mt @ 0.06% Cu, 0.5 Mt Cu; Inferred 927 Mt @ 0.06% Cu, 0.6 Mt Cu. Mill process: Indicated 6,455 Mt @ 0.17% Cu, 0.026% Mo, 10.8 Mt Cu; Inferred 4,039 Mt @ 0.13% Cu, 0.025% Mo, 5.1 Mt Cu
Pilares
- Mineral Reserves
- No Mineral Reserves have been estimated for Pilares.
- Mineral Resources
- Leach Inferred: 11.11 Mt (blank tonnes), 0.44% Total Cu, 0.22% CuO, 0.002% Mo, 20.7 kt Cu contained; Mill Inferred: 71 Mt (blank), 0.56% Total Cu, 0.05% CuO, 0.005% Mo, 399.1 kt Cu contained
Los Chancas
- Mineral Resources
- Indicated: 150 Mt @ 0.50% Cu, 1,648 Mlb contained Cu. Inferred: 1,433 Mt @ 0.45% Cu, 14,165 Mlb contained Cu.
Michiquillay Copper Project
- Mineral Resources
- Inferred: 2,288 Mt at 0.43% Cu, containing 21,554.82 M lb Cu
- Royalties / Streams
- 3% NSR royalty payable to Activos Mineros; 1% government royalty (minimum Modified Mining Royalty)
Buenavista Zinc (BVZ)
Buenavista del Cobre (BVC)
Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.
How the Economics Evolved
Cuajone Operations
3 studies on recordToquepala Operations
3 studies on recordLa Caridad
2 studies on recordEconomics as disclosed in each successive study. NPV shown in US$ where a currency conversion is available (at each study's own period rate), else in the study's stated currency. Verify against the source filings.
Get the full mining dataset, free
Every mining project we track, with its study figures and sources, kept up to date. Sign up and download the data right away.
By signing up, you agree to receive marketing emails from Mining Stocks and to our data license. You can unsubscribe at any time. Privacy policy
Financial Metrics
Loading financial data...
Frequently Asked Questions
- What does Southern Copper Corporation mine?
- Southern Copper Corporation is focused on Copper, Molybdenum, Silver.
- What is the economic value of Southern Copper Corporation's Buenavista del Cobre (BVC)?
- According to its Pre-Feasibility, Buenavista del Cobre (BVC) has an after-tax NPV of $3.70B.
- How many projects does Southern Copper Corporation have?
- We track 21 projects with extracted technical and economic data for Southern Copper Corporation.
Project Analysis
Buenavista del Cobre (BVC) PFS: $3.70B NPV, $5.30B Capex
Southern Copper Corporation's Buenavista del Cobre (BVC) in Mexico has a Pre-Feasibility Study (PFS) outlining a pre-tax NPV of $3.70B and initial capital of $5.30B. The proposed mine plan runs 30 years.
El Arco Project PFS: $475M NPV, 12.1% IRR
Southern Copper Corporation's El Arco Project in Mexico has a Pre-Feasibility Study (PFS) outlining an after-tax NPV of $475M and an after-tax IRR of 12.1%. The proposed mine plan runs 35 years.
La Caridad (LC) PFS: $927M NPV, $737M Capex
Southern Copper Corporation's La Caridad (LC) in Mexico (Sonora, Nacozari region) has a Pre-Feasibility Study (PFS) outlining an after-tax NPV of $927M and initial capital of $737M.
Tia Maria Copper Project Feasibility Study: $676M NPV, 16.6% IRR
Southern Copper Corporation's Tia Maria Copper Project in Peru has a Feasibility Study outlining an after-tax NPV of $676M, an after-tax IRR of 16.6%, and initial capital of $1.75B. The mine plan runs 20 years at about 36 Mt/a per year.
La Caridad Resource Estimate: $2.00B NPV, $4.50B Capex
Southern Copper Corporation's La Caridad in Mexico has a Mineral Resource Estimate outlining a pre-tax NPV of $2.00B and initial capital of $4.50B. The mine plan runs 58 years at about 76 Kt Cu/yr per year.
Toquepala Feasibility Study: $374M NPV Over a 41.2-Year Mine Life
Southern Copper Corporation's Toquepala in Tacna Region, Peru has a Feasibility Study outlining an after-tax NPV of $374M. The proposed mine plan runs 41.2 years.
Cuajone Operations Feasibility Study: $1.79B NPV Over a 50.4-Year Mine Life
Southern Copper Corporation's Cuajone Operations in Moquegua Region, Peru has a Feasibility Study outlining an after-tax NPV of $1.79B. The proposed mine plan runs 50.4 years.
El Pilar Feasibility Study: $54M NPV, 9.88% IRR
Southern Copper Corporation's El Pilar in Sonora, Mexico has a Feasibility Study outlining an after-tax NPV of $54M, an after-tax IRR of 9.88%, and initial capital of $365M. The mine plan runs 16 years at about 59 Mlbs Cu cathode/yr per year.
Los Chancas Production Update: $2.60B Capex
Southern Copper Corporation's Los Chancas in Perú, Apurímac has a production guidance outlining initial capital of $2.60B.
Michiquillay Production Update: $2.50B Capex Over a 25-Year Mine Life
Southern Copper Corporation's Michiquillay in Perú, Cajamarca has a production guidance outlining initial capital of $2.50B. The mine plan runs 25 years at about 225000 t Cu/year per year.
Press Releases
Centrus Energy (LEU) Down 21.5% Since Last Earnings Report: Can It Rebound?
Centrus Energy (LEU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Why Analysts Remain Cautious On Southern Copper (SCCO) Despite A Higher Valuation
With a short percentage of shares outstanding of 1.43%, Southern Copper Corporation (NYSE:SCCO) is among the 9 Best Silver and Copper Stocks to Buy for the EV Transition. On May 21, UBS raised its price target on Southern Copper Corporation (NYSE:SCCO) to $145 from $140 while maintaining a Sell rating on the shares. On May 15, Alfonso Salazar, analyst of Scotiabank, […]
What Does a Director’s Small Share Sale Reveal About Southern Copper’s (SCCO) Risk‑Reward Balance?
In recent days, Southern Copper Corporation director Luis Miguel Palomino Bonilla sold 100 shares at US$200.00 each in an open‑market transaction, leaving him with 1,707 shares, while the company’s fundamentals remain closely watched by investors. At the same time, higher copper prices linked to robust factory activity and green energy demand are lifting sentiment, even as political, social, and regulatory risks in Peru and Mexico continue to challenge Southern Copper’s operating...
“Demand for Data Center Power Continues to Outpace Expectations” — Josh Brown’s Case for Heavy Assets Over AI Hype
Josh Brown, CEO of Ritholtz Wealth Management and a fixture on CNBC’s Halftime Report, has built a new ETF around a simple idea: own the businesses that artificial intelligence cannot replace. Speaking on The Compound and Friends podcast, Brown unveiled the Halo ETF (NYSEARCA:LOHA), a rules-based strategy built by Roundhill Financial focusing on companies with ... “Demand for Data Center Power Continues to Outpace Expectations” — Josh Brown’s Case for Heavy Assets Over AI Hype
Attention Grupo Mexico / Southern Copper Corporation's investors on the lack of remediation of the 2014 toxic spill in the Sonora and Bacanuchi Rivers
MEXICO CITY, May 26, 2026 (GLOBE NEWSWIRE) -- The following is a statement by PODER: This information is related to the worst environmental disaster in the history of metal mining in Mexico: the 2014 spill of 40 million liters of toxic waste in the Sonora and Bacanuchi rivers by Buenavista del Cobre, a mine owned by Grupo Mexico, affecting more than 22 thousand people. Government authorities have yet to abide by court rulings to repair the damages caused and accumulated over time, and Grupo Méxi
IDVO’s International Dividend Strategy Carries an Unhedged Currency Risk That Can Wipe Out a Year of Yield
If you bought Amplify CWP International Enhanced Dividend Income ETF (NYSEARCA:IDVO) for the monthly checks, the prospectus detail that matters most this year is the one you probably skimmed: IDVO is unhedged. The fund owns dividend-paying international ADRs and writes covered calls on a slice of them. Every euro, yen, or pound coming back to ... IDVO’s International Dividend Strategy Carries an Unhedged Currency Risk That Can Wipe Out a Year of Yield
Is Southern Copper Corporation (SCCO) One of the Best Commodity Stocks to Buy for the Supercycle?
Southern Copper Corporation (NYSE:SCCO) is one of the best commodity stocks to buy for the supercycle. On May 15, Scotiabank lifted the price target on Southern Copper Corporation (NYSE:SCCO) to $135 from $133, maintaining an Underperform rating on the shares. The firm told investors that it believes investors should find “attractive trading opportunities” with the industry […]
Southern Copper (SCCO) Valuation Check After Earnings Beats And Cuajone Mine Expansion Plan
Why Southern Copper Stock Is Back in Focus Southern Copper (SCCO) is back on investors radar after a stronger earnings outlook, continued quarterly earnings beats and a new US$318.6 million upgrade plan for its Cuajone mine in Peru. See our latest analysis for Southern Copper. The US$179.12 share price has eased in recent months, with the 90 day share price return down 10%, even as the year to date share price return sits at 22.7% and the 1 year total shareholder return is 110.7%. This hints...
IDVO’s $445 Million Income Play Faces a Critical Test When TSM Growth Slows
The Amplify CWP International Enhanced Dividend Income ETF (NYSEARCA:IDVO) has quietly become one of the more interesting income vehicles in the international space, with the ETF returning 35% over the past year and almost 12% year-to-date. IDVO pairs ex-US dividend equities with covered calls to generate monthly income, and the fund has ridden a sharp ... IDVO’s $445 Million Income Play Faces a Critical Test When TSM Growth Slows
FCX vs. SCCO: Which Copper Mining Giant is a Better Pick Now?
Freeport and Southern Copper push ahead with major projects leveraging strong cash flows and favorable copper prices.
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.