southern copper corporation investor relations

El Arco - Baja California: This is a world-class copper deposit located in the central part of the Baja California peninsula with ore reserves of over 1,230 million tons with an average ore grade of 0.40% and 141 million tons of leach material with an ore grade of 0.27%. The Southern Copper Corporation stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Type a symbol or company name. Operating cash cost per pound of copper produced before by-product revenues and Operating cash cost per pound of copper produced net of by-product revenues. e.async = 1; Our adjusted EBITDA is not necessarily comparable to similar measures used by other companies. Southern Copper is graded F on this front, indicating that it is trading at a premium to its peers. As the price of our by-product commodities can have significant fluctuations from period to period, the value of its contribution to our costs can be volatile. Somos una empresa minero metalrgica de clase mundial, productora de cobre y otros subproductos valiosos. We expect to initiate operations in 2H23. Management believes adjusted EBITDA enhances the comparability of information across reporting periods, is an effective measure for reviewing operating results and, therefore, is a useful measure for both management and investors. Valuation is also important, so investors should note that Southern Copper has a Forward P/E ratio of 24.87 right now. It owns mining assets with 70 years of mining ahead, and its mining costs are among the lowest in the industry. These efforts are evolving in a context marked by record-highs for the Company?s tax contributions to the regional governments of Moquegua and Tacna in 2021. July 28, 2022 01:00 PM ET. The Mining - Non Ferrous industry is part of the Basic Materials sector. The stock outpaced the S&P 500's daily gain of. The base salary for Investor Relations Administrator in companies like SOUTHERN COPPER CORP range from $82,628 to $114,203 with the average base salary of $97,688. Sonora: This low-capital intensity copper greenfield project is strategically located in Sonora, Mexico, approximately 45 kilometers from our Buenavista mine. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 93 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. Southern Company 3Q 2022 Earnings Call. The dam, if built, will require a much higher investment than the $100 million budget planned for the desalinization plant. The Company is a NYSE and Lima Stock Exchange listed company that is 88.9% owned by Grupo Mexico, a Mexican company listed on the Mexican stock exchange. View all. _taboola.push({ The Company is a NYSE and Lima Stock Exchange listed company that is 88.9% owned by . placement: 'Mid Article Thumbnails', The current dividend yield for Southern Copper as of December 30, 2022 is 3.31%. and a cash cost after by-product credits of USD0.69/lb during the first nine months of 2020. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Below is a chart showing SCCO's trailing twelve month trading history, with the $80.00 strike highlighted in red: !function (e, f, u) { 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. These totals would mark changes of -5.69% and +1.63%, respectively, from last year. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Follow us on social networks. The role will interact with investors and analysts as a professional ambassador for the Group as required and take a lead role in developing the financial metrics used to present future M&A opportunities to market. Southern Copper reported revenues of $2.16 billion in the last reported quarter, representing a year-over-year change of -19.6%. The Company?s second quarter earnings conference call will be held on Wednesday July 27, 2022, beginning at 10:00 AM ? In that same time, the Basic Materials sector lost 25.75%, while the S&P 500 lost 6.59%. The Social Agreements with the Michiquillay and the Enca?ada communities represent an opportunity to improve the quality of life of the residents of those communities via our strong social programs and backed by a solid framework for technical work at the project level. Nothing on this website constitutes, or is meant to constitute, advice of any kind. . Southern Copper Corp. does not currently have any hardcopy reports on AnnualReports.com. This news release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. 8-K - Results of Operations and Financial Condition, Source: Silver ? And if earnings estimates go up for a company, the fair value for its stock goes up. We estimate an investment of approximately $2.5 billion will be required and expect production start-up by 2028. You must click the activation link in order to complete your subscription. Southern Company reports second-quarter 2022 earnings. July 28, 2022. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 8.55% if the stock gets called away at the April 21st expiration (before broker commissions). Victor Pedraglio +(602) 264-1375 . Southern Copper Corporation SCCO is expected to release first-quarter 2021 results, before the opening bell on Apr 26. OIL, CONSTRUCTION, ENERGY, . Southern Copper Corporation's rating increased by 22% in the 2021 Corporate Sustainability Assessment of S&P Global. Southern Copper Corporation (NYSE and BVL: SCCO). Zacks Equity Research for Sitemap; Vendors / Suppliers; Job Opportunities; This is a significant step in our pledge to a robust and strong ESG performance. 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. 2021 Annual Report Interactive Website. SCC's investment-grade rating is supported by its position as one of the world's lowest cost producers of copper and robust profitability. Basic engineering study is finished and the Company continues developing the project and site environmental activities. Nuestra misin es extraer recursos minerales, para transformarlos y comercializarlos satisfaciendo las necesidades del mercado, cumpliendo con nuestra responsabilidad social y ambiental, y maximizando la creacin de valor para nuestros accionistas. Sonora: This project is located within the Buenavista facility and includes the development of a new concentrator to produce approximately 100,000 tons of zinc and 20,000 tons of copper per year. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. Our mission is to extract mineral resources to transform and commercialize them satisfying the market needs, fulfilling our social and environmental responsibility and maximizing the creation of value for our shareholders. Currently . _taboola.push({article:'auto', url:''}); Considering the fact that the $80.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. When completed, this new facility will double the Company?s zinc production capacity and provide 490 direct jobs and 1,470 indirect jobs. It operates the Toquepala and Cuajone open- How much does an Investor Relations Manager make at companies like SOUTHERN COPPER CORP in the United States? Investor Relations: Raul Jacob. 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). These stocks will be looking to continue their solid performance. 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. The measure operating cash cost per pound of copper produced net of by-product revenues is a common measure used in the copper industry to track performance and it is a useful management tool that allows us to better allocate our resources. Southern Copper today. 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." As of June 30, 2022, December 31, 2021 and June 30, 2021 there were 773.1 million shares outstanding. Investors in Southern Copper Corp (Symbol: SCCO) saw new options begin trading today, for the April 21st expiration. . 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 . Compared to the Zacks Consensus Estimate of $2.32 billion, the reported revenues represent a surprise of -6.96%. }(document.createElement('script'), document.getElementsByTagName('script')[0], '//cdn.taboola.com/libtrc/nasdaq-nasdaq/loader.js'); The expected contribution of by-products is generally a significant factor used by the copper industry in determining whether to move forward with the development of a new mining project. If you have questions concerning your registered Southern Company shareowner account, online account access, transfer requirements, lost certificates, dividend checks, address changes or the Southern Investment Plan, please contact EQ Shareowner Services. How can we help? 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