Southern Copper (SCCO) Q1 2025 Earnings Transcript [Yahoo! Finance]
HONG KONG EX&CL UNSP/ADR (HKXCY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
Vice President of Finance and Board Member — Raul Jacob Board Member — Leonardo Contreras Raul Jacob: Thank you very much, Gigi. Good morning, everyone, and welcome to Southern Copper's First Quarter 2025 Results Conference Call. At today's conference, I'm accompanied by Mr. Oscar Gonzalez Rocha, CEO of Southern Copper and Board member; as well as Mr. Leonardo Contreras, who is also a Board member. In today's call, we will begin with an update on our view of the copper market and then review Southern Copper's key results related to production, sales, operating cost, financial results, expansion projects and ESG. After this, we will open the session for questions. Now let us focus on the copper market. The London Metal Exchange copper price increased 11% from an average of $3.83 per pound in the first quarter of last year to $4.24 this past quarter. Based on current supply and demand dynamics, we estimate that the deficit at year-end will stand at about 300,000 metric tons. This
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