Quarterly ResultApr 29, 2026, 01:01 PM
SCCO Appoints Leonardo Contreras as CEO; Q1 Net Income $1.58B, +66.7%
AI Summary
Southern Copper Corporation announced record Q1 2026 financial results, with net income reaching $1,576.9 million, a 66.7% increase year-over-year, driven by higher sales volumes for silver and zinc and improved metal prices. The Board of Directors also appointed Mr. Leonardo Contreras Lerdo de Tejada as the new Chief Executive Officer, succeeding Oscar Gonzalez Rocha. Additionally, the company declared a quarterly cash dividend of $1.00 per share and a stock dividend of 0.0100 shares per share.
Key Highlights
- Leonardo Contreras Lerdo de Tejada appointed Chief Executive Officer.
- Q1 2026 Net income was $1,576.9 million, a record, up 66.7% YoY.
- Q1 2026 Net sales were $4,251.4 million, up 36.2% YoY.
- Q1 2026 Adjusted EBITDA was $2,712.8 million, up 55.4% YoY.
- Board authorized a quarterly cash dividend of $1.00 per share.
- Board authorized a stock dividend of 0.0100 shares per share.
- Q1 2026 Operating cash cost per pound of copper was -$0.11, down 114.0% YoY.
- Copper production decreased 4.0% in Q1 2026 compared to Q1 2025.