AI-extracted from the 10-Q filed 2026-07-31 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net sales rose 40.6% to $4,289.0 million and net income attributable to SCC jumped 71.6% to $1,670.0 million as copper, silver and molybdenum prices surged despite a 3.5% drop in mined copper.
Biggest Revenue Drivers
Mexican Open-pit Operations$2,505.5M
Higher copper sales volumes (+2.2%) plus higher COMEX copper (+30.5%), molybdenum, silver and zinc prices
Filing reports a $19.8 million increase versus the second quarter of 2025
Selling, general and administrative$35.3M
Filing reports a $2.9 million increase versus the second quarter of 2025
Margins: Operating income rose 65.3% to $2,623.2 million as net sales grew 40.6% while operating costs increased at a considerably lower rate (+13.8%). Operating cash cost per pound net of by-product revenues fell from $0.63 to $0.05.
Watch Items from the Filing
Mined copper production fell 3.5% to 508.5 million pounds on lower ore grades at Toquepala (-14.7%) and Cuajone (-7.8%); molybdenum -11.0%, zinc -14.5%.
Operating cash cost per pound before by-product revenues rose 8.3% to $2.29 on higher fuel and operating material costs plus lower copper output.
By-product revenues per pound rose 51.4% to $2.24, so profitability leans heavily on silver ($73.49/oz) and molybdenum ($29.44/lb) prices holding.
Tia Maria is 42% complete with $1,101 million committed and $693 million invested; eight lawsuits against the project remain pending as of June 30, 2026.
Issued $1,250 million of 5.350% notes due 2036, lifting long-term debt to $7,994.4 million against $1,634.7 million committed to capital projects.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Ariztegui Andreve VicenteReporting ownerGrant or award · Jul 24, 2026
Arrigunaga Gomez del Campo JavierReporting ownerGrant or award · Jul 24, 2026
Sacristan Carlos RuizReporting ownerGrant or award · Jul 24, 2026
Valenzuela Rionda Jose PedroReporting ownerGrant or award · Jul 24, 2026
Congress trading in SCCO
9 transactions in SCCO reported by 3 members of Congress under the STOCK Act, most recent trade Apr 8, 2025. Reported transactions, not recommendations.
About SOUTHERN COPPER CORP/ (SCCO): stock profile, AI score and financials
SOUTHERN COPPER CORP/ (SCCO) stock profile, AI quality score, and SEC EDGAR financial data, a Materials sector company. 13F Pro's AI-powered ranking engine scores SCCO at 82.8/100 on a composite quality score built from its SEC filings, placing it at rank #11 of 2,925 stocks — the top 1% of the AI-ranked universe. SCCO scores in the top quartile across balance sheet strength (97.7), profitability (95.3), revenue scale (90.6). Based on the latest XBRL financial filings (Q2 2026), SOUTHERN COPPER CORP/ reports quarterly revenue of $4.3B, net income of $1.7B, an operating margin of 61.2%. Top institutional holders of SCCO by reported 13-F value include BlackRock, Capital World Investors, PRICE T ROWE ASSOCIATES, based on the most recent SEC filings. SCCO trades on the NYSE exchange and files with the SEC under CIK 1001838. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SCCO daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for SOUTHERN COPPER CORP/ directly from SEC EDGAR.