Last $31.35 USD
Change Today -0.55 / -1.72%
Volume 2.4M
SCCO On Other Exchanges
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As of 8:04 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

southern copper corp (SCCO) Snapshot

Open
$31.76
Previous Close
$31.90
Day High
$31.80
Day Low
$30.83
52 Week High
07/8/14 - $33.90
52 Week Low
11/26/13 - $24.50
Market Cap
26.1B
Average Volume 10 Days
1.8M
EPS TTM
$1.68
Shares Outstanding
832.3M
EX-Date
08/13/14
P/E TM
18.7x
Dividend
$0.48
Dividend Yield
1.47%
Current Stock Chart for SOUTHERN COPPER CORP (SCCO)

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southern copper corp (SCCO) Details

Southern Copper Corporation is engaged in the mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce anode copper; and refining of anode copper to produce copper cathodes, as well as molybdenum concentrate and refined silver. It operates the Toquepala, Cuajone, La Caridad, and Buenavista mine complexes, as well as the smelting and refining plants, which produce copper with production of by-products of molybdenum, silver, and other material. The company also operates five underground mines that produce zinc, copper, silver, and gold; a coal mine that produces coal and coke; and a zinc refinery. It has interests in 93,972 hectares of exploration concessions in Peru; 160,454 hectares of exploration concessions in Mexico; 100,383 hectares of exploration concessions in Argentina; 35,958 hectares exploration concessions in Chile; and 2,544 hectares of exploration concessions in Ecuador. The company was founded in 1952 and is based in Phoenix, Arizona. Southern Copper Corporation is a subsidiary of Americas Mining Corporation.

12,665 Employees
Last Reported Date: 02/27/14
Founded in 1952

southern copper corp (SCCO) Top Compensated Officers

Chief Executive Officer, President, Executive...
Total Annual Compensation: $920.2K
Chief Financial Officer and Vice President of...
Total Annual Compensation: $154.1K
Chief Operating Officer, Director, Member of ...
Total Annual Compensation: $1.3M
Legal Counsel and Secretary
Total Annual Compensation: $248.4K
Vice President of Projects
Total Annual Compensation: $186.1K
Compensation as of Fiscal Year 2013.

southern copper corp (SCCO) Key Developments

Southern Copper Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Production Results for the Second Quarter Ended June 30, 2014; Revises Production Guidance for the Full Year 2014; Provides Capital Expenditure Guidance for the Years 2014, 2015, 2016, 2017 and 2018; Provides Production Guidance for the Third Quarter of 2014 and Full Years of 2014 and 2015

Southern Copper Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income of $337 million against $372.7 million a year ago, from its Mexican and Peruvian mining operations, representing a 9.5% decline from the year-ago quarter. Quarterly sales totaled $1.487 billion, for 5.5% growth against $1,410.2 million in second quarter of 2013, largely due to higher copper production and sales which were up 4.9% year-on-year to 165,369 t and 6.9% to 160,382 t respectively. EBITDA rose 4.6% year-on-year to $707.6 million against $676.8 million a year ago. Operating income was $597.2 million against $566.4 million a year ago. Capital expenditures was $375.6 million against $385.5 million a year ago. Income per share was $0.40 against $0.44 a year ago. Income before income tax was $558.3 million against $536.8 million a year ago. Net cash provided from operating activities was $348.7 million against $302.4 million a year ago. For the six months, sales were $2,841.8 million against $3,033.2 million a year ago. Operating income was $1,160.2 million against $1,340.3 million a year ago. EBITDA was $1,376.7 million against $1,542.2 million a year ago. Net income was $660.6 million or $0.79 per share against $868.1 million or $1.03 per share a year ago. Capital expenditures was $699.4 million against $702.3 million a year ago. Income before income tax was $1,080.9 million against $1,264.6 million a year ago. Net cash provided from operating activities was $683.5 million against $896.9 million a year ago. The company’s mine production increased by 17,872 tons or 12.1% in the second quarter compared with the second quarter of 2013, due to higher production at all open pit operations. Molybdenum production increased by 1,329 tons or 30% in the second quarter of 2014 from the second quarter of 2013, mainly as a result of the new Buenavista molybdenum plant, which increased -- which adds 807 tons and better production at all operations, particularly Toquepala, plus 29% and Cuajone, plus 21%. Regarding silver, this represented 4.8% of sales in the second quarter of 2014. Comparing the second quarter 2014 silver mine production with the same period of the previous year, there is a decrease of 5% as a result of lower production at IMMSA. With regards to zinc production, it represented 3.5% of sales in the second quarter of 2014. Production decreased 39% in the second quarter of 2014 from the second quarter of 2013, mainly as a result of local production, at Charcas and Santa Eulalia mines. Copper sales volume increased by 6.9% and value increased by 2.2% in a scenario of lower prices. Prices went down by 4.9%. The company expects for 2014 to produce 82,000 tons of zinc from mines. That is a change from prior forecast of 95,200 tons. The company is rescheduling approximately $200 million of 2014 capital budget and increasing with the Tia Maria budget to $1.4 billion. The company expects the CapEx expenses will be as follows: for 2014, $2.1 billion; for 2015, $1.5 billion; for 2016, $950 million; for 2017, $950 million; and for 2018, $350 million. Full capacity is expected to be reached by the end of the third quarter of 2014, with a daily production of 330 tons of copper cathodes, that is 120,000 tons per year. The capital budget for this project is $444 million, of which 99% has been invested. The company announced the capital expansion program, which could increase copper production capacity by approximately 87% from 630,000 tons last year to 1,175,000 tons by 2015.

Southern Copper Corp. Announces Dividend, Payable on August 28, 2014

On July 24, 2014, the Board of Directors of Southern Copper Corp. authorized a dividend of $0.12 per share payable on August 28, 2014, to shareholders of record at the close of business on August 15, 2014.

Southern Copper Corp., Q2 2014 Earnings Call, Jul 30, 2014

Southern Copper Corp., Q2 2014 Earnings Call, Jul 30, 2014

 

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SCCO

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Valuation SCCO Industry Range
Price/Earnings 18.9x
Price/Sales 4.6x
Price/Book 4.5x
Price/Cash Flow 14.4x
TEV/Sales 3.6x
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