Our current portfolio for approved projects in Peru totals $2.8 billion, $1.6 billion of which has already been invested. 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. This would mark a year-over-year decline of 26.85%. Investors will be hoping for strength from Southern Copper as it approaches its next earnings release. 2015-2023 Fintel Ventures LLC. After submitting your request, you will receive an activation email to the requested email address. Net sales were also negatively impacted by the accounting adjustment of $173.5 million for a price variation on sales made and not yet collected. Click the button below to request a report when hardcopies become available. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $75.00, but will also collect the premium, putting the cost basis of the shares at $70.80 (before broker commissions). Last Reported Results and Surprise History. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. Written by When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. BNK Invest for Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Southern Copper. Our efforts to ensure the current and long-term welfare of the population in the area of influence of the Tia Maria project were recognized by several local associations, which sent letters to the National Government to request project initiation. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. Company Southern Copper Corporation is an integrated copper producer. Copy and paste multiple symbols separated by spaces. Non-GAAP financial measures are intended to provide additional information only and do not have any standard meaning prescribed by U.S. generally accepted accounting principles (?GAAP?). Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Please fill out the form below and click "Place Order" to complete your order. Southern Copper Corp (SCCO) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2019 . 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. | Contact Us. Our quarterly financial results have been impacted by some unusual circumstances. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Shareowner Services Contact 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. 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. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of . Pilares ? To participate in the call: Please consider that we are using a new technological platform for this event. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. Copper Mountain's flagship asset is the 75% owned opper Mountain Mine located in southern ritish olumbia . 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? The Southern Copper Corporation stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Zacks->. Type a symbol or company name. The average salary for Investor Relations Director at companies like SOUTHERN COPPER CORP in the United States is $221,262 as of September 26, 2022, but the range typically falls between $190,514 and $255,624. The Company is well-funded to deliver on its key milestones and benefits from a management team and board of directors with senior mining company experience and expertise. Southern Coppers Mission is to be viewed by its family of customers and employees as a Metals Service Center that is: Quick, Affordable, and Uncomplicated when distributing Raw Metals and Machining services. These events are important steps that will allow Southern Copper to initiate an in-depth exploration program in the third quarter of 2022. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. What is Southern Copper's dividend payout ratio? Research indicates that these estimate revisions are directly correlated with near-term share price momentum. | Privacy Statement The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Its a little-known chemical company thats up 65% over last year, yet still dirt cheap. 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. 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. 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. Our staff always looks for the best part for our customers applications, Our large inventory allows us to process all orders fast. 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 blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc and lead. These stocks will be looking to continue their solid performance. Investor Relations Southern Copper Corp SCCO Dividends . The project has all the necessary permits and the capital budget is $413 million. The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $152,458 to $218,472 with the average total cash compensation of $180,767. The Company has made an offer to the Peruvian government to build the Paltiture dam, instead of a desalinization plant originally proposed, to provide water to both the project and the community. After the sale, its the service that counts. We continue to make progress in our quest to achieve ISO 45001 and 14001 certifications. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Sitemap; Vendors / Suppliers; Job Opportunities; You can sign up for additional alert options at any time. Elsewhere, the Dow gained 0.23%, while the tech-heavy Nasdaq lost 0.1%. and a cash cost after by-product credits of USD0.69/lb during the first nine months of 2020. _taboola.push({ Use constitutes acceptance of General Website Zacks Equity Research for Southern Copper is holding a Zacks Rank of #1 (Strong Buy) right now. This industry currently has a Zacks Industry Rank of 38, which puts it in the top 16% of all 250+ industries. For the current fiscal year, the consensus earnings estimate of $3.04 points to a change of -30.8% from the prior year. In addition, because not all companies use identical calculations, the measures included in this release may not be comparable to similarly titled measures of other companies. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. We expect production to begin in 2024 and the mine life is estimated at 13 years. 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. We expect the Peruvian government to continue to acknowledge the significant progress the project has made on the social front and the important contributions that Tia Maria will generate for Peru?s economy and, consequently, take the necessary steps to provide SCC with adequate support to initiate construction. Prior to today's trading, shares of the miner had gained 26.4% over the past month. The stock outpaced the S&P 500's daily gain of 0.36%. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. When completed, this new facility will double the Company?s zinc production capacity and provide 490 direct jobs and 1,470 indirect jobs. Southern Copper (SCCO Quick Quote SCCO - Free Report) closed at $58.50 in the latest trading session, marking a -1.78% move from the prior day.This change was narrower than the S&P 500's 1.9% loss . Southern Copper reported revenues of $2.16 billion in the last reported quarter, representing a year-over-year change of -19.6%. In addition, 2Q22 vs 2Q21 net sales were affected by lower sales volumes due to the following unusual events: an uptick in the finished goods inventory, equivalent to a $105.2 million sales reduction; a $89.3 million decrease in Cuajone?s production due to the illegal seizure of its facilities by individuals not related to the company; and a drop in sales for the equivalent of $117.8 million due lower ore grades. 2021 Annual Report. Without considering a stock's valuation, no investment decision can be efficient. This news release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. 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. A wealth of resources for individual investors is available at www.zacks.com. Company Name: Southern Copper Corporation, Stock markets: New York Stock Exchange and Lima Stock Exchange, Economic Group: We are indirectly part of Grupo Mxico S.A.B. If you experience any issues with this process, please contact us for further assistance. 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. This company could rival or surpass other recent Zacks Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. NYSE:SCCO Southern Copper - SCCO Stock Forecast, Price & News $77.06 +1.36 (+1.80%) (As of 01/13/2023 12:00 AM ET) Compare Today's Range $75.22 $77.28 50-Day Range $53.04 $77.06 52-Week Range $42.42 $79.32 Volume 2.65 million shs Average Volume 1.11 million shs Market Capitalization $59.58 billion P/E Ratio 23.14 Dividend Yield 2.60% El crecimiento fue principalmente promovido por significativamente mayores precios de metales para, 28 de abril de 2022 Southern Copper Corporation (NYSE y BVL: SCCO) anunci hoy el pago de un dividendo trimestral de $1.25 dlares por accin, pagadero el 31 de mayo de 2022 a los, SGUENOS EN NUESTRAS REDES SOCIALESLEGAL | CONTACTO, MAPA DEL SITIO - PROVEEDORES - OPORTUNIDADES DE TRABAJO - PRENSASUSCRIBETE Y RECIBE NUESTRAS NOTAS DE PRENSA | COPYRIGHT 2020 GRUPO MXICO |, SCC reporta resultados del tercer trimestre 2022, SCC reporta resultados del segundo trimestre 2022, SCC reporta resultados del primer trimestre 2022. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years . The remaining 11.1% ownership interest is held by the international investment community. Today, that discovery is still the heart of the Zacks Rank. Southern Company reports second-quarter 2022 earnings. Investor Relations & Communications. The estimated capital investment is $2,600 million and the project is expected to begin operating in 2027. Type a symbol or company name. Buenavista Zinc ? Our Operating cash cost per pound of copper produced before by-product revenues allows us and our investors to monitor our cost structure and helps us address . As of June 30, 2022, December 31, 2021 and June 30, 2021 there were 773.1 million shares outstanding. Investor Relations: Raul Jacob Victor Pedraglio +(602) 264-1375 . This website is provided as is without any representations or warranties, express or implied. From starting in a laundry room to a multi-building permanent location. SOUTHERN COPPER CORP Investor Relations Manager, Analyst, Investor Services | PGIM Real Estate (Hybrid), Senior Manager External Communications, Florham Park, NJ, Entry Level Assistant Manager Needed for New Office Expansion, Associate Marketing Manager, Corporate Sector & Strategic Products, Investor Relations Manager Salaries with a Bachelor's Degree, Investor Relations Manager Salaries with a Master's Degree or MBA, Investor Relations Manager Salaries with a JD, MD, PhD or Equivalent, Detailed skills and competency reports for specific positions. Zacks Equity Research for Today, you can download 7 Best Stocks for the Next 30 Days. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. }(document.createElement('script'), document.getElementsByTagName('script')[0], '//cdn.taboola.com/libtrc/nasdaq-nasdaq/loader.js'); Grupo Mxico is the fourth largest company in Mexico, with a market cap of US$22,829 billion. In line with best practice, the Board of Directors has approved the formation of a new Sustainability Committee chaired by an independent director. So, it's important to know a company's potential revenue growth. Clients embed our trusted, end-to-end solutions into their daily . 21-025 Equipos en desuso: camiones, camionetas, gras, montacargas, mnibus, otros. CNN's Jim Acosta said he still had "marks on my back" from his time serving as White House correspondent during former President Donald Trump's administration. Southern Copper has grown tremendously over the last 30 years. The Mining - Non Ferrous industry is part of the Basic Materials sector. S&P Global has recognized SCC?s sustainability efforts by including it in a new index, S&P/BVL Peru General ESG, as of April of this year. The company topped consensus revenue estimates two times over this period. El Arco - Baja California: This is a world-class copper deposit located in the central part of the Baja California peninsula with ore reserves of over 1,230 million tons with an average ore grade of 0.40% and 141 million tons of leach material with an ore grade of 0.27%. Want the latest recommendations from Zacks Investment Research? This industry currently has a Zacks Industry Rank of 190, which puts it in the bottom 25% of all 250+ industries. Webcast. Third Quarter Earnings Call. The measure operating cash cost per pound of copper produced net of by-product revenues is a common measure used in the copper industry to track performance and it is a useful management tool that allows us to better allocate our resources. Victor Pedraglio +(602) 264-1375 . The average salary for Chief Investor Relations Officer at companies like SOUTHERN COPPER CORP in the United States is $348,900 as of November 23, 2022, but the range typically falls between $306,800 and $404,800. Investor Relations: Raul Jacob Victor Pedraglio +(602) 264-1375: October 27, 2022. . The Company has created a multidisciplinary management team to plan the development of this project. In this scenario, we believe the current cycle of low prices should be short-lived. 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. Over the past month, the estimate has remained unchanged. To read this article on Zacks.com click here. VANCOUVER, British Columbia, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the "Company" or "Orezone") is pleased to provide 2023 production and costs guidance for its Bombor Gold Mine ("Bombor") in Burkina Faso. Q3. By providing your email address below, you are providing consent to The Southern Company to send you the requested Investor Email Alert updates. These symbols will be available throughout the site during your session. ? The purpose of this Committee is to support the Board of Directors of Southern Copper Corporation in developing and monitoring the Company's compliance with on-going commitments to the environment, health and safety, communities, human rights, and corporate governance. Research, analysis and recommendations over last year, the estimate has remained unchanged the! In Southern ritish olumbia June 30, 2021 and June 30, 2022 December... 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