Southern Copper Corp. (SCCO) stock — is it a good business?

Southern Copper Corp. (SCCO) stock — is it a good business? — InspectStocks

How it makes money

Mexican open-pit operations: copper, zinc, and by-products from the La Caridad and Buenavista mine complexes.56%
Peruvian operations: copper and by-products from the Toquepala and Cuajone mine complexes and their processing facilities.36%
Mexican underground operations: metals from the IMMSA unit’s underground mines and zinc refinery.7%

Shares of revenue are estimates for quarter ended March 31, 2026, not figures from a filing.

Competes with

What it sells6

Copper cathodes and other refined copper
High-purity copper produced by refining or by treating copper ore with a chemical leaching process and then recovering the copper.
Copper rod
Copper formed into rod at the company’s Mexican rod plant for use in industrial and electrical applications.
Copper concentrates
Copper-rich material made by processing mined ore; it is sold for further smelting and refining.

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Molybdenum concentrate
A metal product recovered during copper production and sold for uses including steel alloys.
Zinc and lead
Metals produced mainly by the Mexican underground mines; the company also refines zinc.
Silver and gold
Precious metals recovered from mining and processing, including at the company’s precious-metals plants.

Who buys it2

Industrial end users buy copper and other metals, generally through annual or longer-term contracts; contract prices refer to market prices for the relevant quotation period.
Copper concentrates are sold to customers who smelt and refine the material, while refined copper and copper rod are sold in more processed forms.

What it stands on, and what could break it

What the business leans on

1Revenue depends heavily on market prices for copper and other metals, which the company says are largely set by forces outside its control.
2Mining, processing, and sales depend on permits, concessions, water access, and political and community conditions in Peru and Mexico.
3Operations require substantial electricity, fuel, natural gas, water, equipment, and skilled labor; some Mexican electricity is purchased from a power company affiliated with Grupo Mexico.

What could go wrong

1Changes in copper and other metal prices can materially affect sales revenue and financial results.
2Community actions, illegal mining, political changes, or problems obtaining and renewing permits and concessions in Peru or Mexico can delay or stop mine projects and operations.
3Lower-than-expected ore grades, equipment or process failures, and interruptions or higher costs for energy, fuel, water, labor, or supplies can reduce production or raise operating costs.

Full financial statements →

About Southern Copper Corp.

Southern Copper mines copper ore and processes it into copper concentrates, refined copper cathodes, and copper rod. Its operations in Peru and Mexico also produce molybdenum, silver, zinc, gold, lead, and other materials. It sells these products mainly under contracts whose prices are tied to metal-market prices.

Head office: Phoenix, Arizona, United States
Founded: 1952 (incorporated)
Employees: 16,617 (December 31, 2025, high)
Listed on: New York Stock Exchange
Financial year ends: December 31

Built from Southern Copper Corp.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Keep exploring

The themes Southern Copper is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Copper

Graded A or B and worth $2B or more: A first, then the largest.

All 7 graded companies in its industry

Grade rose recently in Materials

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

All grade rises