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Southern Copper Corp

southerncoppercorp.com

What Do They Do?

Mines and processes copper and other metals for customers worldwide.

How Do They Make Money?

The company sells metals in scheduled deliveries under annual or longer contracts, with prices based on published metal-market averages; customers typically have 30 days to pay after shipping and title documents are delivered. Other sales, including by-products, are spot sales.

revenue
SegmentShareRevenue
Copper
Sold outright

75%
FY2022: 75%
Molybdenum
Sold outright

10%
FY2022: 12%
Zinc
Sold outright
4.0%
FY2022: 3.7%
Silver
Sold outright
7.3%
FY2022: 4.0%
Other
Sold outright
3.6%
FY2022: 5.4%

Who Are Their Customers?

Customers around the world receive copper products shipped from the company's Peruvian and Mexican operations.

Do Revenues Turn Into Profits?

Yes. It kept 32 cents of every revenue dollar as net income in FY2025 and turned 26 cents into free cash flow.

Operating income, FY2025
52% of revenue
▲ +26% vs FY2024 ($5.6B, 49%)
Net income, FY2025
32% of revenue
▲ +28% vs FY2024 ($3.4B, 30%)
Free cash flow, FY2025
26% of revenue
▲ +1% vs FY2024 ($3.4B, 30%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +41%
vs $3.1B in Q2 FY2025
Net income
▲ +71%
vs $976.7M in Q2 FY2025
Copper share of revenue vs 74.1% in Q2 FY2025
  • Apr 29, 2026 CEO Oscar González Rocha died; Leonardo Contreras Lerdo de Tejada became CEO The board appointed Leonardo Contreras Lerdo de Tejada after Rocha's death.

Growing. Revenue grew 23% in 4 years, from $10.9B in FY2021 to $13.4B in FY2025, about 5% a year.

Revenue over time
Copper Molybdenum Zinc Silver Other
$20B$10B$0

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