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Stock impact report

Southern Copper (SCCO) to Gain From Higher Production & Prices [Yahoo! Finance]

Southern Copper Corporation (SCCO) 
Last southern copper corporation earnings: 2/26 04:01 pm Check Earnings Report
US:NYSE Investor Relations: southernperu.com/eng/invrel
Company Research Source: Yahoo! Finance
The recent pickup in copper and silver prices is expected to boost the company's results. Upbeat Production Outlook Southern Copper expects to produce 948,800 tons of copper in 2024, which indicates a 41% year-over-year improvement. The Pilares project began full operations in 2023, and the company started ramping up production at the Buenavista zinc concentrator. These projects are expected to add 43,800 tons to the total copper production this year. Silver production is projected to reach 20.5 million ounces, an 11.4% increase from 2023. Zinc output is expected to rise to 120,300 tons, reflecting an 83.7% year-over-year surge, primarily due to the Buenavista zinc concentrator's contribution. Over the next five years, this concentrator is expected to boost production by an average of 90,200 tons of zinc and 20,000 tons of copper annually. Promising Projects on Track Southern Copper boasts the largest copper reserves and operates high-quality, world-class assets in investmen Show less Read more
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