Quarterly ResultApr 30, 2026, 02:09 PM
SCCO Announces Passing of Former CEO Oscar Gonzalez Rocha; Q1 Net Income +66.7%
AI Summary
Southern Copper Corporation announced the unexpected passing of its former President and CEO, Oscar Gonzalez Rocha, on April 13, 2026, recognizing his 50-year career and instrumental role in the company's growth. For Q1 2026, the company reported a significant increase in net income attributable to SCC by 66.7% to $1,576.9 million, with net sales rising 36.2% to $4,251.4 million. Operating income also saw a substantial increase of 61.5% to $2,480.4 million, driven by higher metal prices. Net cash provided by operating activities more than doubled, reaching $1,694.5 million.
Key Highlights
- Unexpected passing of former President and CEO, Oscar Gonzalez Rocha, on April 13, 2026.
- Net income attributable to SCC increased 66.7% to $1,576.9M in Q1 2026.
- Net sales rose 36.2% to $4,251.4M for the three months ended March 31, 2026.
- Operating income grew 61.5% to $2,480.4M in Q1 2026.
- Basic and diluted EPS increased 67.0% to $1.92 in Q1 2026.
- Net cash provided by operating activities surged 134.9% to $1,694.5M.
- Cash dividends paid to common stockholders increased 48.1% to $819.2M.
- Environmental capital investments totaled $45.5M in Q1 2026.
Price Impact
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