Record-Breaking Financial Performance
Southern Copper achieved new company records for net sales, adjusted EBITDA, and net income in the third quarter of 2025. Net sales were $3.4 billion, a 15% increase compared to Q3 2024. Adjusted EBITDA was $1,975 million, a 17% increase from Q3 2024, with an EBITDA margin of 59%.
Significant Byproduct Production Increases
Zinc production rose 46%, silver output grew 16%, and molybdenum production increased by 8% in Q3 2025 compared to Q3 2024. Zinc production was driven by a 108% increase at the Buenavista zinc concentrator.
Cost Efficiency and Low Cash Costs
Southern Copper achieved a cash cost of $0.42 per pound of copper in Q3 2025, one of the industry's lowest, marking a 34% decrease from the previous quarter.
Positive Market Conditions
LME copper prices increased by 7% and COMEX by 14% during the quarter. The company estimates a copper market deficit of nearly 400,000 tons, supporting strong long-term fundamentals for copper prices.
ESG and Sustainability Achievements
S&P Global increased Southern Copper's sustainability rating by 4 points, placing the company among the leaders in the mining sector. Significant efforts are being made to reduce greenhouse gas emissions and restore ecosystems.