Southern Copper Corp. reported that on April 18, 2013, its Board of Directors authorized a cash dividend of $0.20 per share of common stock. This dividend is payable on May 21, 2013 to shareholders of record at the close of business on May 8, 2013.

Southern Copper Corp. reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2013. For the quarter, the company reported net sales of $1,623.0 million against $1,805.9 million a year ago. Operating income was $770.0 million against $973.0 million a year ago. Income before income tax was $723.7 million against $939.7 million a year ago. Net Income attributable to the company was $495.4 million or $0.59 per basic and diluted share against $621.4 million or $0.73 per basic and diluted share a year ago. Net cash provided from operating activities was $594.5 million against $720.4 million a year ago. Capital expenditures were $316.8 million against $177.4 million a year ago. EBITDA was $861.4 million against $1,057.1 million a year ago. For the quarter, the company reported total production of copper was 151,966 tons against 154,233 tons a year ago. Copper mine production decreased by 3,421 tons or 2.2% compared with first quarter of 2012, due to lower ore grade and recovery at Toquepala mine and lower ore grade at Buenavista mine partially offset by higher ore grades and recoveries at Cuajone and La Caridad mines.

Southern Copper Corp., Q1 2013 Earnings Call, Apr 30, 2013