Miners
Southern Copper Corp
SCCO · NYSE · producer · market cap $180.9B as of 24 Aug 2026
What Southern Copper Corp's own filings say about its costs, margins and results, every figure cited.
Southern Copper Corp share price
/api/equity-quote?symbol=SCCO.US
- Latest C1 cash cost$0.05/lbrelease
- Copper produced, attributable230,662source
- Next report28 Octprior report
Company-reported data · Fixed cohorts · No estimated costs
How to read these figures
- Primary sources: every figure is the company's own, cited to the release or filing it came from.
- Fixed cohorts: the companies in each median are set for the calendar year, so a median never moves because membership moved.
- No modelled costs: no cost or margin here is estimated by us; where a company states no figure, the page says so.
About Southern Copper Corp
Southern Copper operates open-pit copper mines in the southern part of Peru, at Toquepala and Cuajone, and in Mexico, at La Caridad and Buenavista. The company was incorporated in Delaware in 1952, has conducted copper mining operations since 1960 and has been listed on the New York and Lima Stock Exchanges since 1996. It describes itself as one of the largest integrated copper producers in the world. In Peru, the company operates the Toquepala and Cuajone open-pit mines high in the Andes Mountains, approximately 860 kilometers southeast of Lima. Southern Copper owns 99.998% of Minera Mexico. As of December 31, 2025, the company had 16,617 employees, and approximately 12,400 contractors support its operations.
Costs and margins
- Price, quarter average
- $6.06/lb
- C1 cash cost
- $0.05/lb
- C1 margin
- $6.01/lb
- C1 margin, % of price
- 99.2%
Latest C1 cash cost $0.05 per pound. Copper miners: median C1 cash cost $2.04 per pound, Q2 2026, 14 reporters. 3 lowest of 14 copper miners reporting Q2 2026.
| Category | Copper price (quarterly average) | C1 cash cost |
|---|---|---|
| Q3 2025 | $4.45 | $0.42 |
| Q4 2025 | $5.04 | $0.52 |
| Q1 2026 | $5.82 | -$0.11 |
| Q2 2026 | $6.06 | $0.05 |
| Category | Copper price (quarterly average) | C1 cash cost |
|---|---|---|
| Q2 2023 | $3.84 | $1.12 |
| $3.80 | $0.98 | |
| Q4 2023 | $3.71 | $1.25 |
| $3.83 | $1.07 | |
| Q2 2024 | $4.42 | $0.76 |
| $4.16 | $0.96 | |
| Q1 2025 | $4.24 | $0.77 |
| $4.32 | $0.63 | |
| Q3 2025 | $4.45 | $0.42 |
| $5.04 | $0.52 | |
| $5.82 | -$0.11 | |
| Q2 2026 | $6.06 | $0.05 |
| Category | Copper price (quarterly average) | C1 cash cost |
|---|---|---|
| Q3 2020 | $2.96 | $0.65 |
| $3.26 | $0.67 | |
| $4.40 | $0.59 | |
| Q3 2021 | $4.26 | $0.58 |
| $4.40 | $0.76 | |
| $4.32 | $1.10 | |
| Q3 2022 | $3.52 | $1.03 |
| $4.06 | $0.76 | |
| $3.84 | $1.12 | |
| Q3 2023 | $3.80 | $0.98 |
| $3.71 | $1.25 | |
| $3.83 | $1.07 | |
| Q2 2024 | $4.42 | $0.76 |
| $4.16 | $0.96 | |
| $4.24 | $0.77 | |
| Q2 2025 | $4.32 | $0.63 |
| $4.45 | $0.42 | |
| $5.04 | $0.52 | |
| $5.82 | -$0.11 | |
| Q2 2026 | $6.06 | $0.05 |
| Category | Copper price (quarterly average) | C1 cash cost |
|---|---|---|
| Q3 2019 | $2.63 | $0.82 |
| $2.68 | $0.98 | |
| $2.56 | $0.77 | |
| $2.43 | $0.67 | |
| Q3 2020 | $2.96 | $0.65 |
| $3.26 | $0.67 | |
| $4.40 | $0.59 | |
| $4.26 | $0.58 | |
| Q4 2021 | $4.40 | $0.76 |
| $4.32 | $1.10 | |
| $3.52 | $1.03 | |
| $4.06 | $0.76 | |
| Q2 2023 | $3.84 | $1.12 |
| $3.80 | $0.98 | |
| $3.71 | $1.25 | |
| $3.83 | $1.07 | |
| Q2 2024 | $4.42 | $0.76 |
| $4.16 | $0.96 | |
| $4.24 | $0.77 | |
| $4.32 | $0.63 | |
| $4.45 | $0.42 | |
| $5.04 | $0.52 | |
| $5.82 | -$0.11 | |
| Q2 2026 | $6.06 | $0.05 |
C1 cash cost and the average copper price by quarter, newest first, US$ per pound; every row cites the company's own release.
| Quarter | Price avg | C1 cash cost | C1 margin | C1 margin % | Source |
|---|---|---|---|---|---|
| Q2 2026 | $6.06 | $0.05 | $6.01 | 99.2% | release |
| Q1 2026 | $5.82 | -$0.11 | $5.93 | 101.9% | release |
| Q4 2025 | $5.04 | $0.52 | $4.52 | 89.7% | release |
| Q3 2025 | $4.45 | $0.42 | $4.03 | 90.6% | release |
| Q2 2025 | $4.32 | $0.63 | $3.69 | 85.4% | release |
| Q1 2025 | $4.24 | $0.77 | $3.47 | 81.8% | release |
| Q4 2024 | $4.16 | $0.96 | $3.20 | 76.9% | release |
| Q2 2024 | $4.42 | $0.76 | $3.66 | 82.8% | release |
| Q1 2024 | $3.83 | $1.07 | $2.76 | 72.1% | release |
| Q4 2023 | $3.71 | $1.25 | $2.46 | 66.3% | release |
| Q3 2023 | $3.80 | $0.98 | $2.82 | 74.2% | release |
| Q2 2023 | $3.84 | $1.12 | $2.72 | 70.8% | release |
| Q1 2023 | $4.06 | $0.76 | $3.30 | 81.3% | release |
| Q3 2022 | $3.52 | $1.03 | $2.49 | 70.7% | release |
| Q2 2022 | $4.32 | $1.10 | $3.22 | 74.5% | release |
| Q4 2021 | $4.40 | $0.76 | $3.64 | 82.7% | release |
| Q3 2021 | $4.26 | $0.58 | $3.68 | 86.4% | release |
| Q2 2021 | $4.40 | $0.59 | $3.81 | 86.6% | release |
| Q4 2020 | $3.26 | $0.67 | $2.59 | 79.4% | release |
| Q3 2020 | $2.96 | $0.65 | $2.31 | 78.0% | release |
| Q2 2020 | $2.43 | $0.67 | $1.76 | 72.4% | release |
| Q1 2020 | $2.56 | $0.77 | $1.79 | 69.9% | release |
| Q4 2019 | $2.68 | $0.98 | $1.70 | 63.4% | release |
| Q3 2019 | $2.63 | $0.82 | $1.81 | 68.8% | release |
Its panel on the Miner Margins page carries the cohort it sits in and the basis notes.
Production and guidance
Q2 2026, as reported
- Copper produced, attributable
- 230,662 tonnes
- Prior-quarter copper production
- 230,544 tons
- Year-ago copper production
- 241,291 tonnes
More ways to compare Southern Copper Corp
- C1 cash cost
- Rank 3 of 14View comparable rankings
Southern Copper's mines and operations
| Ownership | Jurisdiction | Status | Source | |
|---|---|---|---|---|
| Cuajone | Not available | Cuajone (Peru) | Production | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| Toquepala | Not available | Toquepala (Peru) | Production | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| Buenavista | 100% | Sonora (Mexico) | Production | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| La Caridad | Not available | Sonora (Mexico) | Production | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| Charcas | Not available | San Luis Potosi (Mexico) | Production | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| San Martin | Not available | Zacatecas (Mexico) | Production | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| Santa Barbara | 100% | Chihuahua (Mexico) | Production | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| Santa Eulalia | Not available | Chihuahua (Mexico) | Suspended | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| Taxco | Not available | Guerrero (Mexico) | Suspended | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| Tia Maria | Not available | Arequipa (Peru) | Development | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| Los Chancas | Not available | Apurimac (Peru) | Exploration | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| Michiquillay | Not available | Cajamarca (Peru) | Exploration | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| El Pilar | Not available | Sonora (Mexico) | Development | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| El Arco | Not available | Baja California (Mexico) | Development | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| La Tapada deposit | Not available | Not available | Not available | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| Pilares | Not available | northeastern Sonora, Mexico | Development | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| San Diego | Not available | Michoacán | Not available | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| Segovedad | Not available | Not available | Not available | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| Tecolotes | Not available | Not available | Not available | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| Buena Tierra | Not available | Not available | Not available | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| San Antonio | Not available | Not available | Not available | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| Guerrero | Not available | Not available | Not available | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| Remedios | Not available | Not available | Not available | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| Chancas project | Not available | Not available | Not available | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| Buenavista del Cobre | Not available | Not available | Not available | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| Atico project | Not available | Arequipa region | Not available | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| San Juan-Chaparra project | Not available | Not available | Not available | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| Chalchihuites | Not available | Zacatecas | Not available | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| San Antonio Sur (Santa Eulalia) | Not available | Santa Eulalia | Not available | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| Malpica Project | Not available | Sinaloa | Not available | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| El Salado (Montonero) | Not available | Atacama region, northern Chile | Not available | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| Cañadon del Moro | Not available | Rio Negro province | Not available | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| Esperanza Project | Not available | Not available | Not available | 10-K (filed 27 Feb 2026); fiscal year 2025 |
| Caldera Project | Not available | Rio Negro province | Not available | 10-K (filed 27 Feb 2026); fiscal year 2025 |
Financials, as filed
Key financials
- Revenue
- $4.3B
- Operating cash flow
- $2.0B
- Capital expenditure
- $422.8M
- Cash and equivalents
- $5.7B
- Debt
- $8.0B
- EPS (diluted)
- $2.01
Rounded from the figures as filed; the exact figures, concepts and filings are below.
Figures as filed, with concept, provenance and filing
| Measure | Period | Value | Provenance | Filing |
|---|---|---|---|---|
| Revenue us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | FY 2025 | $13,420,000,000 | SEC XBRL, as filed | 10-K · 27 Feb 2026 |
| Revenue us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | Q2 2026 | $4,289,000,000 | SEC XBRL, as filed | 10-Q · 31 Jul 2026 |
| EPS (basic) us-gaap:EarningsPerShareBasic | FY 2025 | $5.24 | SEC XBRL, as filed | 10-K · 27 Feb 2026 |
| EPS (basic) us-gaap:EarningsPerShareBasic | Q2 2026 | $2.01 | SEC XBRL, as filed | 10-Q · 31 Jul 2026 |
| EPS (diluted) us-gaap:EarningsPerShareDiluted | FY 2025 | $5.24 | SEC XBRL, as filed | 10-K · 27 Feb 2026 |
| EPS (diluted) us-gaap:EarningsPerShareDiluted | Q2 2026 | $2.01 | SEC XBRL, as filed | 10-Q · 31 Jul 2026 |
| Operating cash flow us-gaap:NetCashProvidedByUsedInOperatingActivities | FY 2025 | $4,752,100,000 | SEC XBRL, as filed | 10-K · 27 Feb 2026 |
| Operating cash flow us-gaap:NetCashProvidedByUsedInOperatingActivities | Q2 2026 | $1,988,500,000 | SEC XBRL, as filed | 10-Q · 31 Jul 2026 |
| Capital expenditure us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | FY 2025 | $1,325,300,000 | SEC XBRL, as filed | 10-K · 27 Feb 2026 |
| Capital expenditure us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | Q2 2026 | $422,800,000 | SEC XBRL, as filed | 10-Q · 31 Jul 2026 |
| Cash and equivalents us-gaap:CashAndCashEquivalentsAtCarryingValue | FY 2025 | $4,304,600,000 | SEC XBRL, as filed | 10-K · 27 Feb 2026 |
| Cash and equivalents us-gaap:CashAndCashEquivalentsAtCarryingValue | Q2 2026 | $5,665,000,000 | SEC XBRL, as filed | 10-Q · 31 Jul 2026 |
| Debt us-gaap:LongTermDebtNoncurrent | FY 2025 | $6,750,700,000 | SEC XBRL, as filed | 10-K · 27 Feb 2026 |
| Debt us-gaap:LongTermDebtNoncurrent | Q2 2026 | $7,994,400,000 | SEC XBRL, as filed | 10-Q · 31 Jul 2026 |
| Shares outstanding dei:EntityCommonStockSharesOutstanding | Q2 2026 | 834,331,706 | SEC XBRL, as filed | 10-Q · 31 Jul 2026 |
| Dividends paid us-gaap:PaymentsOfDividendsCommonStock | FY 2025 | $2,485,100,000 | SEC XBRL, as filed | 10-K · 27 Feb 2026 |
| Dividends paid us-gaap:PaymentsOfDividendsCommonStock | Q2 2026 | $826,200,000 | SEC XBRL, as filed | 10-Q · 31 Jul 2026 |
Seven-year statement history
Each fiscal year as the company first filed it with the SEC, in the currency it filed, never converted.
| Statement line | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | not available | $11,433,400,000 | $9,895,800,000 | $10,047,900,000 | $10,934,100,000 | $7,984,900,000 | $7,285,600,000 |
| Operating income | not available | not available | not available | not available | not available | not available | not available |
| Net income | not available | not available | not available | not available | not available | not available | not available |
| Operating cash flow | not available | $4,421,700,000 | $3,573,100,000 | $2,802,500,000 | $4,292,400,000 | $2,783,600,000 | $1,911,900,000 |
| Capital expenditure | not available | $1,027,300,000 | $1,008,600,000 | $948,500,000 | $892,300,000 | $592,200,000 | $707,500,000 |
| Cash and equivalents | not available | $3,258,100,000 | $1,151,500,000 | $2,069,700,000 | $3,002,000,000 | $2,183,600,000 | $1,925,100,000 |
| Debt | not available | $5,758,500,000 | $6,254,600,000 | $6,251,200,000 | $6,247,900,000 | $6,544,200,000 | $6,541,000,000 |
| Dividend per share | not available | not available | not available | not available | not available | not available | not available |
| Source | not available | 10-K · 3 Mar 2025 | 10-K · 29 Feb 2024 | 10-K · 28 Feb 2023 | 10-K · 7 Mar 2022 | 10-K · 26 Feb 2021 | 10-K · 28 Feb 2020 |
- A dash means the SEC filings carry no figure for that year. It is never zero.
Filings
| Date | Source |
|---|---|
| 31 Jul 2026 | 10-Q(31 Jul 2026) |
| 22 Jul 2026 | 8-K(22 Jul 2026) |
| 17 Jul 2026 | 8-K(17 Jul 2026) |
| 26 Jun 2026 | 8-K(26 Jun 2026) |
| 25 Jun 2026 | 8-K(25 Jun 2026) |
| 17 Jun 2026 | 8-K(17 Jun 2026) |
How to read this page
Costs are the company's own consolidated all-in sustaining cost (gold, silver) or C1 cash cost (copper), as stated, on the basis the company states; the reference price is the quarter's average from World Bank Commodity Price Data (CC BY 4.0); the margin is that price less the stated cost, a production-cost spread and not company net profit; financials are as filed in the filing currency, never converted; report dates are confirmed from the company's notice or estimated from its own past pattern and say which. The full methodology is on the Miner Margins page.