Southern Copper Corp (LTS:0L8B)

Q1 2025 Southern Copper Corp Earnings Call Transcript

Apr 25, 2025 / 02:00 PM GMT

Release Date Price: $89.27 (-2.69%)

Transcript 10-Q8-K

Key Points

Positve

Southern Copper Corp (SCCO) reported a 20% increase in net sales for the first quarter of 2025, reaching $3 billion.
Copper production remained stable at 240,226 tons, with positive results from Buena Vista SXCW cattle production and Toquepala concentrate production.
Molybdenum production rose 9% in the first quarter, driven by higher ore rates at Toquepala, Caridad, and Buena Vista mines.
The company expects to produce 968,200 tons of copper in 2025, a slight increase from the previous plan.
Southern Copper Corp (SCCO) maintained a competitive cash cost of $0.77 per pound of copper, a 21% reduction from the previous quarter.

Negative

Copper production at La Caridad decreased due to a drop in ore grades and recovery rates.
Total operating costs and expenses increased by 12% compared to the first quarter of 2024, driven by higher inventory consumption and other material costs.
Refined zinc production dropped 11% in the first quarter compared to the same period in 2024.
The company faces challenges with illegal miners at the Los Chankcas project, impacting project development.
Concerns about a potential trade war between the US and China could negatively impact global copper demand.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SCCO.N - Southern Copper Corp
Q1 2025 Southern Copper Corp Earnings Call
Apr 25, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to Southern Copper Corporation's first quarter 2025. With us this morning we have Southern Copper Corporation, Mr. Raul Jacob, Vice President, finance treasurer, and CFO, who will discuss the results of the company for the first quarter, 2025, as well. Answer any questions that you might have. The information discussed on today's call may include forward-looking statements regarding the company's results and prospects, which are subject to risks and uncertainties. Actual results may differ materially, and the company cautions to not place undue reliance on these forward-looking statements.

Southern Copper Corporation undertakes no obligation to publicly update or revise any forward-looking statement,

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