Southern Copper Corporation:  Expansion of Key Mining Projects 

Southern Copper Corporation reported notable progress and financial growth in its third quarter and nine-month financial results for 2024, highlighting a comprehensive blend of achievements and forward-looking strategies amid fluctuating market conditions. This analysis delves into both the positive advancements and the challenges facing the company. On the positive side, Southern Copper showcased a robust increase in copper production, which saw an 11% rise in the third quarter, reaching 252,219 tons. This improvement was primarily attributed to enhanced mineral throughput and ore grades in its Peruvian operations, as well as an uptick in production at its Mexican mines. The company’s zinc production also stood out with a 91% increase owing to the new Buenavista Zinc concentrator reaching full capacity. Silver production also rose significantly by 22%, further supporting the company’s revenue streams.