The Mining - Non Ferrous industry is part of the Basic Materials sector. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of . Type a symbol or company name. In 2021, SPCC fortified its relation with the regional government and successfully overcame its opposition to project initiation. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Southern Copper reported revenues of $2.16 billion in the last reported quarter, representing a year-over-year change of -19.6%. We focus on copper production, cost control, production enhancement and maintaining a prudent capital structure to remain profitable throughout the price cycle. We estimate an investment of approximately $2.5 billion will be required and expect production start-up by 2028. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. | Privacy Statement This distinction recognizes SCC?s responsible production of essential raw materials; environmental preservation efforts; and the economic benefits and support it provides to bolster the well-being of workers and their families. Shares of this miner have returned +26.4% over the past month versus the Zacks S&P 500 composite's no change. Counsel: N/A: N . July 28, 2022. SCC's investment-grade rating is supported by its position as one of the world's lowest cost producers of copper and robust profitability. Given the current Peruvian economic situation, it is crucial to move ahead on projects that will stimulate a sustainable growth cycle. EBITDA and adjusted EBITDA do not represent, and should not be considered an alternative to, net income, operating income, or cash flow from operations as those terms are defined by GAAP, and do not necessarily indicate whether cash flows will be sufficient to fund cash. Investor Relations Southern Copper Corp SCCO Dividends . . The remaining 11.1% ownership interest is held by the international investment community. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. BNK Invest for Southern Copper Corporation SCCO is expected to release first-quarter 2021 results, before the opening bell on Apr 26. Over the past month, the estimate has remained unchanged. Minn., Nov. 25, 2022 (GLOBE NEWSWIRE) -- Lifecore Biomedical, Inc. ("Lifecore" or the "Company"), a fully integrated contract development and manufacturing organization ("CDMO"), today announced the . In line with best practice, the Board of Directors has approved the formation of a new Sustainability Committee chaired by an independent director. The dam, if built, will require a much higher investment than the $100 million budget planned for the desalinization plant. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term. If an investor was to purchase shares of SCCO stock at the current price level of $77.66/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $80.00. Any recent changes to analyst estimates for Southern Copper should also be noted by investors. These reports include company annual reports (10K, 10Q), news updates (8K), investor presentations (found in 8Ks), insider trades (form 4), ownership reports (13D, and 13G), and reports related to the specific securities sold, such as registration statements and prospectus. Management believes adjusted EBITDA enhances the comparability of information across reporting periods, is an effective measure for reviewing operating results and, therefore, is a useful measure for both management and investors. Do Not Sell My Personal Information (CA Residents Only). Its copper oxide mineralization contains estimated proven and probable reserves of 317 million tons of ore with an average copper grade of 0.249%. Our determination of the components of adjusted EBITDA is evaluated periodically based on a review of non-GAAP financial measures used by mining industry analysts. EST (9:00 AM Lima and Mexico City time). Los Chancas - Apurimac: This greenfield project, located in Apurimac, Peru, is a copper and molybdenum porphyry deposit. October 27, 2022. Our mission is to extract mineral resources to transform and commercialize them satisfying the market needs, fulfilling our social and environmental responsibility and maximizing the creation of value for our shareholders. The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company?s expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based. Metals Week Dealer Oxide, Cost of sales (exclusive of depreciation, amortization and depletion shown separately below), Interest expense, net of capitalized interest, Net income before equity earnings of affiliate, Less: Net income attributable to non-controlling interest, Net income attributable to SCC common shareholders ? During the conference call, please join live presentation through Webex at the following link: https://americasmining.webex.com/americasmining/j.php?MTID=mac6f4fa227940b379b850d683f582bd4, CONDENSED CONSOLIDATED STATEMENT OF EARNINGS. Southern Copper Corporation is a mining company that was founded in 1952. It operates the Toquepala and Cuajone open- How much does an Investor Relations Manager make at companies like SOUTHERN COPPER CORP in the United States? Investor Relations: Raul Jacob Victor Pedraglio +(602) 264-1375 . We anticipate that El Pilar will operate as a conventional open-pit mine with an annual production capacity of 36,000 tons of copper cathodes. In February, 2022, a group of illegal miners occupied part of the lands of the project and started to produce copper with a low scale artisan process. A high-level overview of Southern Copper Corporation (SCCO) stock. Elsewhere, the Dow gained 0.23%, while the tech-heavy Nasdaq lost 0.1%. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Valuation is also important, so investors should note that Southern Copper has a Forward P/E ratio of 24.87 right now. Copy and paste multiple symbols separated by spaces. There were no fatalities to regret. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is. Southern Copper Corporation (SCC) is one of the largest integrated copper producers in the world and we believe we currently have the largest copper reserves in the industry. The current TTM dividend payout for Southern Copper (SCCO) as of December 30, 2022 is $2.00. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In Peru, the Prime Minister joined us for the inauguration of the Cularjahuira dam ($11.5 million), which was the fruit of joint investment between the Company, government authorities and the highland community of Camilaca. As part of these efforts, we have implemented successful social programs in education, healthcare and productive development to improve the quality of life in the region. The Company is a NYSE and Lima Stock Exchange listed company that is 88.9% owned by Grupo Mexico, a Mexican company listed on the Mexican stock exchange. We remain fully committed to creating added value and positive impacts for our shareholders and for all the communities where we operate.? We aim to improve our sustainability management and performance to ensure that we maintain and continuously improve our sustainability ratings. Southern Copper is holding a Zacks Rank of #1 (Strong Buy) right now. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Southern Copper is rated Zacks Rank #1 (Strong Buy). Zacks Equity Research for Want the latest recommendations from Zacks Investment Research? This rating, which reflects a continuous upward trend, earned us a place in the Dow Jones Sustainability Index for the . This industry currently has a Zacks Industry Rank of 38, which puts it in the top 16% of all 250+ industries. At the registration time, you will be provided a dial-in number and a personal confirmation PIN will be generated to access the call. Within the past 30 days, our consensus EPS projection remained stagnant. In preparation for upcoming drilling, the Company has mobilized field crews to the property for mapping, sampling and . BNK Invest->. Claudia Pitre Manager, Investor Relations and Corporate Access +1 416 307 5105 Email: [email protected] Kathy du Plessis Investor and Media Relations +44 20 7557 7738 Email: [email protected] . In terms of valuation, Southern Copper is currently trading at a Forward P/E ratio of 11.57. Enfocarnos en la produccin de cobre, el control de costos, la mejora de la produccin y el mantenimiento de una estructura de capital prudente para continuar siendo rentables a lo largo de todo el ciclo de precios. If you experience any issues with this process, please contact us for further assistance. Southern Company Reports Third Quarter Earnings. To an investor already interested in purchasing shares of SCCO, that could represent an attractive alternative to paying $77.66/share today. Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Archived Events. Southern Copper is holding a Zacks Rank of #1 (Strong Buy) right now. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. Type a symbol or company name. Source: SCCO Investor Relations. In that same time, the Basic Materials sector lost 25.75%, while the S&P 500 lost 6.59%. We have completed the engineering study. target_type: 'mix' Our staff always looks for the best part for our customers applications, Our large inventory allows us to process all orders fast. Meanwhile, our latest consensus estimate is calling for revenue of $2.48 billion, down 12.19% from the prior-year quarter. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. basic and diluted, Weighted average shares outstanding (Basic and diluted), Change in operating assets and liabilities, Net cash provided by operating activities, Distributions to non-controlling interest, (Decrease)/Increase in cash and cash equivalents, Net income attributable to the non-controlling interest, SOUTHERN COPPER CORP/ - Investor Relations: - EX-99.1 - July 27, 2022. Investor Relations Southern Copper Corp PCU Stock Quote Morningstar Rating . _taboola.push({article:'auto', url:''}); Considering the fact that the $80.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Q4 Results In the last reported quarter, Southern Copper's earnings. Create your Watchlist to save your favorite quotes on Nasdaq.com. In 1Q22, we continued to engage in social and environmental improvements for the local communities and worked on the project?s environmental impact assessment. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years . Investors with an interest in Basic Materials stocks should continue to track Rio Tinto and Southern Copper. To read this article on Zacks.com click here. [email protected]. Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. At the end of June the project has all the required permits for exploration activities. . placement: 'Mid Article Thumbnails', The remaining 63 million will be for community use. Victor Pedraglio +(602) 264-1375 . Following is a reconciliation of adjusted EBITDA to Net Income attributable to SCC and Operating Cash Cost before by-product revenues and Operating Cash Cost net of by-product revenues to their more comparable GAAP measure: EBITDA (earnings before interest, taxes, depreciation and amortization) is a measure commonly used by companies to evaluate operating performance and the ability to generate cash. Vancouver, BC, January 6, 2023 - Copper Mountain Mining Corporation (TSX: CMMC | ASX: C6C) . Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. In that report, analysts expect Southern Copper to post earnings of $1.08 per share. This measure is also used in our investment project evaluation process to determine a project?s potential contribution to our operations, its competitiveness and its relative strength in different price scenarios. Investor Relations: Raul Jacob Victor Pedraglio +(602) 264-1375: October 27, 2022. . This is so SCS can achieve the goals set forth for both its family of employees and customers. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the . and a cash cost after by-product credits of USD0.69/lb during the first nine months of 2020. Its. Zacks Equity Research for Below is a chart showing the trailing twelve month trading history for Southern Copper Corp, and highlighting in green where the $75.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $80.00 strike price has a current bid of $4.30. | Contact Us. And if earnings estimates go up for a company, the fair value for its stock goes up. Create your Watchlist to save your favorite quotes on Nasdaq.com. Michiquillay will become one of Peru?s largest copper mines and will create significant business opportunities in the Cajamarca region; generate new jobs for the local communities; and contribute with taxes and royalties to the local, regional and national governments. We expect production to begin in 2024 and the mine life is estimated at 13 years. The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $87,471 to $129,550 with the average total cash compensation of $107,436. The budget for El Pilar is $310 million. As the price of our by-product commodities can have significant fluctuations from period to period, the value of its contribution to our costs can be volatile. The Mining - Non Ferrous industry is part of the Basic Materials sector. de C.V., Main Products: Copper, Molybdenum, Silver and Zinc. BNK Invest caters to investing firms and individual investors internationally. As part of this plan, the Company has established venues of contact with the local and regional authorities and communities to promote programs for sustainable development in the area. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Below is a chart showing SCCO's trailing twelve month trading history, with the $80.00 strike highlighted in red: !function (e, f, u) { In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. mode: 'thumbnails-a-mid', Southern Copper Corp is an integrated producer of copper and other minerals and operates the mining, smelting, and . Nevertheless, the Company believes that by increasing the water supply, it will generate more palpable benefits for local communities. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. . The average capital expenditures over the last five years have been around $1 billion. Nuestra misin es extraer recursos minerales, para transformarlos y comercializarlos satisfaciendo las necesidades del mercado, cumpliendo con nuestra responsabilidad social y ambiental, y maximizando la creacin de valor para nuestros accionistas. Southern Copper today. Do Not Sell My Personal Information (CA Residents Only). It 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 refined. Southern Copper is holding a Zacks Rank of #4 (Sell) right now. Southern Copper Corporation (SCC) is one of the largest integrated copper producers in the world and we believe we currently have the largest copper reserves in the industry. More results. Southern Copper Corporation engages in mining, exploring, producing, smelting, and refining copper and other minerals in Peru, Mexico, and Chile. Follow us on social networks. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.14 per share and revenue of $11.11 billion. (obras por impuestos) mechanism. Annual production is expected to total 190,000 tons of copper and 105,000 ounces of gold. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. SCC seeks sustainability by managing different fronts. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. This website is provided as is without any representations or warranties, express or implied. }); Southern Copper has grown tremendously over the last 30 years. The Company produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. The dam will have a total capacity of 73 million cubic meters, of which the Company will use a maximum of 10 million cubic meters. Nombre de la Empresa: Southern Copper Corporation, Mercados de acciones: Bolsa de Nueva York y la Bolsa de Valores de Lima, Listando en Bolsa de Nueva York desde: 1996, Grupo Econmico: Indirectamente somos parte de Grupo Mxico S.A.B. Click to get this free report, Southern Copper Corporation (SCCO) : Free Stock Analysis Report. See the company profile for Southern Copper Corporation (SCCO) including business summary, industry/sector information, number of employees, business summary, corporate governance, key executives and their compensation. Over the last 30 days, this estimate has remained unchanged. INVESTOR RELATIONS: Genaro Guerrero Daz Mercado T. +52 55 5246 37 00 Ext. Southern Copper Corporation's rating increased by 22% in the 2021 Corporate Sustainability Assessment of S&P Global. Victor Pedraglio +(602) 264-1375 . These results were mainly due to higher production costs and the unit cost effect generated by a 12.1% decrease in pounds of copper produced. How can we help? After the sale, its the service that counts. At Stock Options Channel, our YieldBoost formula has looked up and down the SCCO options chain for the new April 21st contracts and identified one put and one call contract of particular interest. COMEX; Gold and Zinc ? We will make it a priority to hire local labor to fill the 9,000 jobs that we expect to generate during Tia Maria?s construction. Michiquillay is a world class mining project with inferred mineral resources of 2,288 million tons with an estimated copper grade of 0.43%. 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