--- title: "Southern Copper | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 4.251 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/284615469.md" datetime: "2026-04-29T16:55:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284615469.md) - [en](https://longbridge.com/en/news/284615469.md) - [zh-HK](https://longbridge.com/zh-HK/news/284615469.md) --- # Southern Copper | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 4.251 B Revenue: As of FY2026 Q1, the actual value is USD 4.251 B, beating the estimate of USD 4.223 B. EPS: As of FY2026 Q1, the actual value is USD 1.92, beating the estimate of USD 1.871. EBIT: As of FY2026 Q1, the actual value is USD 2.523 B. #### Net Sales 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 . #### Net Income 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 . The net income margin in 1Q26 was 37.1%, an increase from 30.3% in 1Q25 . #### Adjusted EBITDA Adjusted EBITDA in 1Q26 was $2,712.8 million, marking a 55.4% increase over $1,745.5 million in 1Q25 . The adjusted EBITDA margin improved to 63.8% in 1Q26 from 55.9% in 1Q25 . #### Cash Flow from Operating Activities 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 . This increase was driven by strong cash generation and a $448.8 million decrease in operating assets and liabilities requirements . #### Operating Cash Cost per Pound of Copper 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 . 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 . #### Capital Investments Capital investments totaled $441.9 million in 1Q26, an increase of 39.0% from 1Q25 and 4.6% from 4Q25 . These investments represented 28.3% of net income for the quarter . #### Production Metrics - **Copper Production:** 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%) . Total copper production was 232,748 tons in 1Q26, down from 242,004 tons in 1Q25 . - **Mined Silver Production:** Mined silver production increased by 11.1% in 1Q26 compared to 1Q25, reaching 6,047 thousand ounces . This growth was driven by increases at La Caridad (+22.1%), Buenavista (+20.7%), and IMMSA (+10.8%) mines . - **Mined Zinc Production:** Mined zinc production rose by 2.0% in 1Q26 to 40,164 tons, mainly due to higher production at IMMSA operations (+9.1%) . - **Molybdenum Production:** Molybdenum production decreased by 2.2% in 1Q26 to 7,516 tons, primarily due to lower production at Buenavista (-19.2%) . #### Dividends 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 . These dividends are payable on May 29, 2026, to shareholders of record at the close of business on May 13, 2026 . Cash will be distributed in lieu of fractional shares, based on an average share price of $187.45 from April 23, 2026 . #### Outlook / Guidance 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 . 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 . 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 . ### Related Stocks - [SCCO.US](https://longbridge.com/en/quote/SCCO.US.md) ## Related News & Research - [Star Copper Multi Target Drill Pad Construction Underway in Preparation for 15,000 Metre Drill Program | STCUF Stock News](https://longbridge.com/en/news/285165174.md) - [Southern Copper (SCCO) Valuation Check After Strong Q1 2026 Results And CEO Dividend Updates](https://longbridge.com/en/news/285789665.md) - [ZKH Group Limited to Announce First Quarter 2026 Financial Results on Thursday, May 21, 2026 | ZKH Stock News](https://longbridge.com/en/news/285524737.md) - [Kaspi.kz 1Q 2026 Financial Results | KSPI Stock News](https://longbridge.com/en/news/285927439.md) - [$1000 Invested In Southern Copper 5 Years Ago Would Be Worth This Much Today](https://longbridge.com/en/news/285753612.md)