On October 20, 2026, Southern Copper Corporation (SCCO) filed a Current Report on Form 8-K announcing its financial results for the third quarter ended September 30, 2026. The company reported that net sales reached a record high of $4,696.6 million for the third quarter of 2026, representing a 39.1% increase compared to the same period in 2025. This growth was attributed to higher metal prices for all products and a slight increase in zinc sales volume.
Net income for the third quarter was $1,801.8 million, a 62.7% increase from the $1,107.6 million recorded in 2025. The company reported a net income margin of 38.4% for the quarter. Adjusted EBITDA also hit a record level of $3,040.2 million, an increase of 53.9% year-over-year, with a margin of 64.7%.
Regarding operations, copper production in the third quarter totaled 232,396 tonnes, a decrease of 1.1% from the previous quarter. Production at Mexican operations increased by 2.5%, while Peruvian production fell by 6.1% due to lower ore grades. The company noted that smelting and refining facilities increased production by 17.8% and 16.1%, respectively.
On the financial outlook, the company stated that its current capital investment program for the decade exceeds $15 billion. The company highlighted the progress of its Tia Maria project, which is 49.6% complete as of September 30, 2026, and its new El Pilar project, which is expected to begin operations in 2029.
In other business developments, the Board of Directors authorized a quarterly cash dividend of $1.30 per share of common stock and a stock dividend of 0.0106 shares per share. These dividends are payable on November 19, 2026, to shareholders of record as of the close of business on November 3, 2026. In lieu of fractional shares, cash will be distributed based on a share price of $197.83, which is the average of the high and low share price on October 15, 2026.
