Southern Copper Corporation: Los Chancas and Michiquillay Project Progress & Other Key Developments!

Southern Copper Corporation’s (SCC) first quarter results for 2025 highlighted several key aspects that are crucial for formulating an investment thesis. The company reported a 20% increase in net sales, reaching $3 billion compared to the same period in 2024. This growth was primarily driven by increased copper production and pricing, as well as the uptick in sales of by-products such as molybdenum, silver, and zinc. Copper accounts for 78% of Southern Copper’s sales, reflecting its pivotal role in the company’s portfolio. Despite production stability, the company experienced varied results across its operations, with increased output in some mines offset by declines in others due to factors like ore grade variability.