tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Southern Copper reports Q3 net income $1.11B, sales $3.38B.

Reports Q3 adjusted EBITDA $1.975B. German Larrea, Chairman of the Board of Directors, commenting on the company’s progress and current circumstances, said: “We are very pleased with the third quarter results, where our performance generated new Company records for net sales, adjusted EBITDA, and net income. These milestones are a testament to the strength of our strategy, execution, and commitment to sustainable growth. This strong performance was primarily driven by increased by-product production and improved metal prices for all of our products. Zinc production increased 46.3%, primarily thanks to significant output from our Buenavista zinc concentrator. Silver and molybdenum production increased 16.4% and 8.3%, respectively. The combination of higher production volumes and improved copper and by-product prices allowed us to achieve a cash cost of $0.42 per pound of copper in 3Q25, one of the lowest in the industry.”

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1