Friday 6 November 2026
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Southern Copper Corporation
SCCO Basic Materials Copper
Southern Copper Corporation’s revenue for fiscal 2025 (year ended December 2025) was $13.4 billion, up 17.4% from fiscal 2024.
- Revenue
- +39.1%
- EPS
- +59.3%
- Free cash flow
- +41.2%
- Total debt
- +18.5%
Quarter to September 2026, against a year earlier
166.05
10.79
−6.10%
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Southern Copper Corporation (SCCO) revenue by segment, product and region
Where the money comes from and where it goes
| Mexican Open-Pit | 7,623 | 56.80% |
|---|---|---|
| Peruvian Operations | 5,248 | 39.10% |
| Mexican IMMSA Unit | 808 | 6.02% |
| Gross margin | 60.07% | |
| Operating margin | 52.17% | |
| Pre-tax margin | 50.55% |
Revenue by product or service $m
| Line | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|
| Copper | 8,828 80.74% | 6,513 81.57% | 5,845 80.23% | 5,708 80.43% | 5,477 82.30% | 4,221 78.46% |
| Molybdenum | 1,053 9.63% | 510 6.39% | 549 7.54% | 510 7.19% | 353 5.31% | 268 4.98% |
| Silver | 474 4.34% | 249 3.12% | 278 3.81% | 329 4.63% | 286 4.30% | 294 5.47% |
| Zinc | 290 2.65% | 448 5.61% | 324 4.45% | 300 4.23% | 327 4.91% | 234 4.36% |
| Other | 289 2.64% | 264 3.31% | 289 3.96% | 250 3.53% | 212 3.18% | 362 6.73% |
| Revenue | 10,934 | 7,985 | 7,286 | 7,097 | 6,655 | 5,380 |
Revenue by segment $m
| Line | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mexican Open-Pit | 7,623 56.80% | 6,317 55.25% | 5,562 56.21% | 5,773 57.45% | 6,109 55.87% | 4,412 55.26% | 3,964 54.41% | 4,076 57.43% | 3,973 59.70% | 3,234 60.12% | 2,704 53.59% | 2,955 51.05% | 2,976 49.99% | 3,339 50.07% | 3,212 47.11% | 1,619 31.43% | 1,037 27.77% |
| Peruvian Operations | 5,248 39.10% | 4,605 40.27% | 3,854 38.95% | 3,909 38.90% | 4,371 39.97% | 3,154 39.49% | 2,940 40.35% | 2,572 36.25% | 2,244 33.72% | 1,794 33.35% | 2,021 40.06% | 2,482 42.88% | 2,615 43.92% | 2,952 44.27% | 3,187 46.73% | 3,126 60.70% | 2,224 59.54% |
| Mexican IMMSA Unit | 808 6.02% | 704 6.16% | 631 6.37% | 667 6.63% | 600 5.49% | 530 6.64% | 465 6.38% | 528 7.44% | 510 7.66% | 423 7.86% | 321 6.36% | 351 6.07% | 362 6.09% | 378 5.67% | 420 6.16% | 367 7.12% | 420 11.25% |
| Corporate Other And Eliminations | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 38 0.74% | 54 1.44% |
| Eliminations | (258) (1.93%) | (192) (1.68%) | (152) (1.53%) | (300) (2.98%) | (146) (1.33%) | (111) (1.39%) | (83) (1.14%) | (79) (1.12%) | (72) (1.08%) | (72) (1.34%) | — | — | — | — | — | — | — |
| Revenue | 13,420 | 11,433 | 9,896 | 10,048 | 10,934 | 7,985 | 7,286 | 7,097 | 6,655 | 5,380 | 5,046 | 5,788 | 5,953 | 6,669 | 6,819 | 5,150 | 3,734 |
Operating income by segment $m, and margin
Revenue by region $m
| Line | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|
| Mexico | 2,140 19.57% | 1,527 19.12% | 1,532 21.03% | 1,649 23.24% | 1,524 22.90% | 1,410 26.20% |
| United States | 1,934 17.68% | 1,363 17.07% | 1,196 16.41% | 1,259 17.74% | 1,190 17.89% | 1,050 19.52% |
| Switzerland | 1,697 15.52% | 1,443 18.08% | 1,173 16.11% | 653 9.21% | 602 9.05% | 437 8.13% |
| Singapore | 958 8.76% | 864 10.82% | 967 13.27% | 1,069 15.07% | 1,051 15.80% | 653 12.13% |
| Other European countries | 732 6.70% | 522 6.53% | 375 5.14% | 380 5.35% | 337 5.07% | 202 3.75% |
| Japan | 629 5.75% | 580 7.26% | 501 6.87% | 483 6.81% | 480 7.21% | 410 7.62% |
| Peru | 586 5.36% | 335 4.20% | 340 4.67% | 390 5.50% | 374 5.62% | 294 5.47% |
| Spain | 502 4.59% | 199 2.50% | 186 2.55% | 169 2.39% | 143 2.15% | 71 1.32% |
| Brazil | 437 4.00% | 233 2.92% | 212 2.91% | 272 3.83% | 240 3.61% | 196 3.65% |
| Chile | 385 3.52% | 221 2.77% | 191 2.63% | 136 1.92% | 103 1.55% | 92 1.72% |
| Other Asian countries | 369 3.38% | 239 2.99% | 273 3.75% | 222 3.13% | 186 2.79% | 186 3.45% |
| Italy | 308 2.82% | 272 3.40% | 297 4.08% | 347 4.89% | 332 5.00% | 305 5.66% |
| China | 215 1.96% | 146 1.82% | — | — | — | — |
| Other American countries | 43 0.39% | 42 0.53% | 43 0.59% | 66 0.93% | 92 1.38% | 74 1.38% |
| Revenue | 10,934 | 7,985 | 7,286 | 7,097 | 6,655 | 5,380 |
Operating figures as reported in each quarter’s results release or filing
| Figure | Quarter | Latest | A year before | Change |
|---|---|---|---|---|
| Copper 3rd party concentrate | Q2 FY2026 | 1.9K | 2.3K | −19.56% |
| Copper mined | Q2 FY2026 | 230.7K | 239.0K | −3.48% |
| Copper refined and rod | Q2 FY2026 | 205.1K | 187.6K | +9.32% |
| Copper sales | Q2 FY2026 | 220.7K | 224.1K | −1.50% |
| Copper smelted | Q2 FY2026 | 159.0K | 147.0K | +8.21% |
| Copper total production | Q2 FY2026 | 232.5K | 241.3K | −3.63% |
| Molybdenum mined | Q2 FY2026 | 7.0K | 7.9K | −11.02% |
| Molybdenum sales | Q2 FY2026 | 6.8K | 7.8K | −13.06% |
| Operating cash cost per pound of copper, net of by-product revenue credits | Q3 FY2026 | $0.09 | $0.42 | −78.57% |
| Silver mined | Q2 FY2026 | 5.8M | 6.0M | −3.76% |
| Silver refined | Q2 FY2026 | 3.0M | 3.0M | −0.33% |
| Silver sales | Q2 FY2026 | 5.5M | 6.0M | −8.74% |
| Zinc mined | Q2 FY2026 | 39.3K | 45.9K | −14.47% |
| Zinc refined | Q2 FY2026 | 19.3K | 20.4K | −5.76% |
| Zinc sales | Q2 FY2026 | 40.6K | 44.5K | −8.80% |