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Southern Copper | 10-Q: Q2 2024 Earnings Report

Southern Copper | 10-Q: Q2 2024 Earnings Report

南方銅業 | 10-Q:2024財年二季報
美股SEC公告 ·  2024/08/02 19:15

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Southern Copper Corporation reported strong Q2 2024 results with net income surging 73.6% to $950.2 million, driven by higher metal prices and increased production volumes. Net sales rose 35.5% to $3.1 billion, benefiting from higher copper prices (+14.8%), improved molybdenum prices (+3.9%), and increased sales volumes across major metals. Operating income jumped 78.5% to $1.6 billion.The company achieved solid operational performance with copper production increasing 6.6% to 534.6 million pounds, primarily due to higher output at Toquepala (+21.1%) and Cuajone (+7.3%). Molybdenum production grew 20.8% while silver production rose 8.0%. The new Buenavista zinc concentrator reached full capacity, contributing significantly to a 70.8% increase in zinc production.Looking ahead, Southern Copper expects 2024 copper production to reach 963,200 tonnes, up 6.0% from 2023, driven by recovery at Buenavista SX-EW facilities. The company announced plans to restart construction of the Tia Maria project and maintained strong capital investments of $545.6 million in H1 2024. Management declared a quarterly dividend of $0.60 per share plus a stock dividend of 0.0056 shares per share.
Southern Copper Corporation reported strong Q2 2024 results with net income surging 73.6% to $950.2 million, driven by higher metal prices and increased production volumes. Net sales rose 35.5% to $3.1 billion, benefiting from higher copper prices (+14.8%), improved molybdenum prices (+3.9%), and increased sales volumes across major metals. Operating income jumped 78.5% to $1.6 billion.The company achieved solid operational performance with copper production increasing 6.6% to 534.6 million pounds, primarily due to higher output at Toquepala (+21.1%) and Cuajone (+7.3%). Molybdenum production grew 20.8% while silver production rose 8.0%. The new Buenavista zinc concentrator reached full capacity, contributing significantly to a 70.8% increase in zinc production.Looking ahead, Southern Copper expects 2024 copper production to reach 963,200 tonnes, up 6.0% from 2023, driven by recovery at Buenavista SX-EW facilities. The company announced plans to restart construction of the Tia Maria project and maintained strong capital investments of $545.6 million in H1 2024. Management declared a quarterly dividend of $0.60 per share plus a stock dividend of 0.0056 shares per share.
南方銅業公司報告了2024年第二季度強勁的業績,凈利潤激增73.6%至95020萬美元,這主要得益於金屬價格的上漲和生產量的增加。淨銷售額上升35.5%至31億美元,受益於銅價上漲(+14.8%)、鉬價改善(+3.9%)以及主要金屬銷售量的增加。營業收入躍升78.5%至16億美元。公司在運營表現上取得了不錯的成績,銅產量增加6.6%至53460萬磅,這主要是由於Toquepala(+21.1%)和Cuajone(+7.3%)的產量提高。鉬生產增長20.8%,而白銀生產上升8.0%。新的Buenavista鋅濃縮廠達到了滿負荷生產,顯著推動了鋅生產增加70.8%。展望未來,南方銅業預計2024年...展開全部
南方銅業公司報告了2024年第二季度強勁的業績,凈利潤激增73.6%至95020萬美元,這主要得益於金屬價格的上漲和生產量的增加。淨銷售額上升35.5%至31億美元,受益於銅價上漲(+14.8%)、鉬價改善(+3.9%)以及主要金屬銷售量的增加。營業收入躍升78.5%至16億美元。公司在運營表現上取得了不錯的成績,銅產量增加6.6%至53460萬磅,這主要是由於Toquepala(+21.1%)和Cuajone(+7.3%)的產量提高。鉬生產增長20.8%,而白銀生產上升8.0%。新的Buenavista鋅濃縮廠達到了滿負荷生產,顯著推動了鋅生產增加70.8%。展望未來,南方銅業預計2024年銅生產將達到963,200噸,比2023年增長6.0%,這得益於Buenavista SX-EW設施的恢復。公司宣佈計劃重啓Tia Maria項目的施工,並保持在2024年上半年強勁的資本投資,金額爲54560萬美元。管理層宣佈每股派息0.60美元,並加派每股0.0056股的股票股息。

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