Southern Copper Corporation reported a 44.7% increase in Q3 2024 net income to $896.7 million, driven by higher production volumes and metal prices. Net sales rose 17% to $2,930.9 million, with copper production up 11.5% to 252,219 tons.Adjusted EBITDA grew 30.5% to $1,684.6 million, with margin expanding to 57.5%. Operating cash cost per pound of copper decreased 22.6% to $0.76. The company maintained its $15 billion capital investment program for projects in Mexico and Peru.The Board authorized a quarterly cash dividend of $0.70 per share and a stock dividend of 0.0062 shares per share, payable on November 21, 2024. Southern Copper remains optimistic about copper demand, citing the resilient US economy, expected Fed interest rate cuts, and China's stimulus package.

Southern Copper Corporation reported a 44.7% increase in Q3 2024 net income to $896.7 million, driven by higher production volumes and metal prices. Net sales rose 17% to $2,930.9 million, with copper production up 11.5% to 252,219 tons.Adjusted EBITDA grew 30.5% to $1,684.6 million, with margin expanding to 57.5%. Operating cash cost per pound of copper decreased 22.6% to $0.76. The company maintained its $15 billion capital investment program for projects in Mexico and Peru.The Board authorized a quarterly cash dividend of $0.70 per share and a stock dividend of 0.0062 shares per share, payable on November 21, 2024. Southern Copper remains optimistic about copper demand, citing the resilient US economy, expected Fed interest rate cuts, and China's stimulus package.