trending Market Intelligence /marketintelligence/en/news-insights/trending/xamj5uih8bseuj4go3ph6g2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Southern Copper Q2 earnings fall 24.7% despite YOY rise in production

Mining Exploration Insights – May 2020

Essential Energy Insights - May 14, 2020

Paypal Well-Positioned To Gain Share In COVID-Related Digital Payments Shift

Credit Analytics Case Study: Provogue (India) Limited and Shree Renuka Sugars

Southern Copper Q2 earnings fall 24.7% despite YOY rise in production

reportednet income of US$221.9 million in the second quarter, representing a 24.7%decrease on a yearly basis, despite an increase in production across most ofits commodities during the three-month period.

Salesdropped 3.5% to US$1.34 billion, while EBITDA came in at US$555.4 million,sliding 12.9% year over year, according to a July 25 release.

Copper mineproduction grew 26.1% to 225,842 tons, driven primarily by a 78% increase inoutput at the Buenavista mine in Mexico.

Zinc outputtotaled 19,994 tons, a 43% improvement on a yearly basis, as the companyresolved operational issues at the Charcas and Santa Eulalia mines that have affected production lastyear.

The strongperformance of the Buenavista mine also contributed to a 27.5% increase insilver production to 4.1 million ounces, according to the statement.

Molybdenumoutput, however, fell by 7.9% to 5,305 tons as a result of lower ore grades atthe company's Peruvian operations.

Capitalinvestments totaled US$341.6 million during the quarter, representing a 21.6%increase year over year.

In 2016,the company continues to develop its investment program to boost copperproduction capacity by 90% to 1.2 million tons from 617,000 tons in 2013.

SouthernCopper's board recently approved a dividend of 5 cents per share, payable Aug.25 to shareholders on record as of Aug. 11.