Southern Copper (SCCO) Bets on Strong Projects Amid Cost Woes [Yahoo! Finance]
Southern Copper Corporation (SCCO)
Last southern copper corporation earnings: 2/26 04:01 pm
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US:NYSE Investor Relations:
southernperu.com/eng/invrel
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Source: Yahoo! Finance
However, the current inflationary scenario remains a concern. Upbeat Production Outlook for 2024 Southern Copper expects to produce 935,900 tons of copper in 2024, which projects a 2.7% year-over-year improvement. In 2023, the Pilares project operated at full capacity and the company also initiated a ramp-up at the Buenavista zinc concentrator. These two projects are expected to contribute 44,000 tons of copper to the total copper production. Zinc output is expected to be 117,800 tons, which factors in a 79.8% surge year over year. This growth will be driven by the startup of the Buenavista zinc concentrator, which is expected to contribute 54,400 tons of zinc. The company expects to produce more than 170,000 tons of zinc from 2025 onward. Silver production is likely to be around 20.7 million ounces, 12.2% higher than 2022. Inflated Costs to Hurt Margins In 2023, operating cash cost per pound of copper, including byproduct revenue credits, was $1.03. The $0.25 increase in ca
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SCCO
News
- Southern Copper Co. (NYSE: SCCO) is now covered by analysts at CICC Research. They set an "outperform" rating on the stock.MarketBeat
- Southern Copper Co. (NYSE: SCCO) was downgraded by analysts at HSBC Holdings plc from a "hold" rating to a "reduce" rating. They now have a $80.00 price target on the stock.MarketBeat
- What's in Store for Southern Copper (SCCO) in Q1 Earnings? [Yahoo! Finance]Yahoo! Finance
- If You Invested $1000 in Southern Copper 10 Years Ago, This Is How Much You'd Have Now [Yahoo! Finance]Yahoo! Finance
- Southern Copper Co. (NYSE: SCCO) had its price target raised by analysts at Scotiabank from $53.00 to $55.00. They now have a "sector underperform" rating on the stock.MarketBeat
SCCO
Earnings
- 4/25/24 - Beat
SCCO
Sec Filings
- 4/26/24 - Form 8-K
- 4/12/24 - Form DEF
- 4/12/24 - Form DEFA14A
- SCCO's page on the SEC website