<span item_type="fundamental" item_id="ec4a387a75a32b09cba2cb2a13c98765" counter_id="ST/US/SCCO" env="prod"></span><span item_type="announcement" item_id="642889767889213825" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 4.251 B, beating the estimate of USD 4.223 B.</p><p>EPS: As of FY2026 Q1, the actual value is USD 1.92, beating the estimate of USD 1.871.</p><p>EBIT: As of FY2026 Q1, the actual value is USD 2.523 B.</p><p></p><h4>Net Sales</h4><p>Southern Copper Corporation reported net sales of $4,251.4 million in the first quarter of 2026 (1Q26), representing a 36.2% growth compared to 1Q25, primarily driven by increased sales volumes for silver (+11.6%) and zinc (+16.4%), and higher metal prices across all products <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428xex99d1.htm"></span>.</p><h4>Net Income</h4><p>Net income for 1Q26 reached a record $1,576.9 million, improving by 66.7% from $945.9 million in 1Q25 and increasing by 20.6% from $1,307.9 million in 4Q25 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428xex99d1.htm"></span>. The net income margin in 1Q26 was 37.1%, an increase from 30.3% in 1Q25 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428xex99d1.htm"></span>.</p><h4>Adjusted EBITDA</h4><p>Adjusted EBITDA in 1Q26 was $2,712.8 million, marking a 55.4% increase over $1,745.5 million in 1Q25 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428xex99d1.htm"></span>. The adjusted EBITDA margin improved to 63.8% in 1Q26 from 55.9% in 1Q25 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428xex99d1.htm"></span>.</p><h4>Cash Flow from Operating Activities</h4><p>Cash flow from operating activities in 1Q26 was $1,694.5 million, which is a 135.0% increase compared to $721.4 million in 1Q25 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428xex99d1.htm"></span>. This increase was driven by strong cash generation and a $448.8 million decrease in operating assets and liabilities requirements <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428xex99d1.htm"></span>.</p><h4>Operating Cash Cost per Pound of Copper</h4><p>The operating cash cost per pound of copper, net of by-product revenue credits, was -$0.11 in 1Q26, representing a 114.0% decrease from $0.77 in 1Q25 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428xex99d1.htm"></span>. This reduction was mainly due to an 87.4% increase in by-product revenue credits from higher sales volumes and better prices for silver, molybdenum, and zinc <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428xex99d1.htm"></span>.</p><h4>Capital Investments</h4><p>Capital investments totaled $441.9 million in 1Q26, an increase of 39.0% from 1Q25 and 4.6% from 4Q25 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428xex99d1.htm"></span>. These investments represented 28.3% of net income for the quarter <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428xex99d1.htm"></span>.</p><h4>Production Metrics</h4><ul><li><strong>Copper Production:</strong> Mined copper production decreased by 4.0% in 1Q26 compared to 1Q25, primarily due to lower production at Peruvian operations (-9.8%), partially offset by an increase at the La Caridad mine (+5.5%) <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428xex99d1.htm"></span>. Total copper production was 232,748 tons in 1Q26, down from 242,004 tons in 1Q25 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428xex99d1.htm"></span>.</li><li><strong>Mined Silver Production:</strong> Mined silver production increased by 11.1% in 1Q26 compared to 1Q25, reaching 6,047 thousand ounces <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428xex99d1.htm"></span>. This growth was driven by increases at La Caridad (+22.1%), Buenavista (+20.7%), and IMMSA (+10.8%) mines <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428xex99d1.htm"></span>.</li><li><strong>Mined Zinc Production:</strong> Mined zinc production rose by 2.0% in 1Q26 to 40,164 tons, mainly due to higher production at IMMSA operations (+9.1%) <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428xex99d1.htm"></span>.</li><li><strong>Molybdenum Production:</strong> Molybdenum production decreased by 2.2% in 1Q26 to 7,516 tons, primarily due to lower production at Buenavista (-19.2%) <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428xex99d1.htm"></span>.</li></ul><h4>Dividends</h4><p>Southern Copper Corporation’s Board of Directors authorized a quarterly cash dividend of $1.00 per share of common stock and a stock dividend of 0.0100 shares of common stock per share <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428xex99d1.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428x8k.htm"></span>. These dividends are payable on May 29, 2026, to shareholders of record at the close of business on May 13, 2026 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428xex99d1.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428x8k.htm"></span>. Cash will be distributed in lieu of fractional shares, based on an average share price of $187.45 from April 23, 2026 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428x8k.htm"></span>.</p><h4>Outlook / Guidance</h4><p>Southern Copper Corporation aims to increase copper production to 1.6 million tons, anticipating a recovery in ore grades by the end of 2026 and in subsequent years, while maintaining cost-efficiency discipline <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428xex99d1.htm"></span>. The company expects operations for the Tia Maria project to begin in 3Q27, Los Chancas in 2031 with an estimated $2.6 billion investment, and Michiquillay by 2032 with approximately $2.5 billion investment, aiming to produce 225,000 tons of copper per year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428xex99d1.htm"></span>. Southern Copper Corporation’s capital investment program for Peruvian projects could exceed $10.3 billion in the next decade, and it is discussing $10.2 billion in Mexican investments with the current administration <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1001838/000110465926051281/scco-20260428xex99d1.htm"></span>.</p>

Southern Copper | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 4.251 B