Southern Copper Corporation Q3 2025 Earnings Recap

Southern Copper Corporation achieved record net sales, adjusted EBITDA, and net income in Q3 2025, driven by strong byproduct production and improved metal prices, despite a decline in copper output.

Key Takeaways

• Net sales reached $3.4 billion, reflecting a 15% increase year-over-year due to higher prices for copper, molybdenum, silver, and zinc.
• Molybdenum production rose 8%, and silver sales surged 65% on volume growth and price increases, underscoring strong demand in the byproduct market.
• Cash costs for copper were competitive at $0.42 per pound, positioning the company favorably within the industry.
• Zinc production jumped 46%, primarily from enhanced output at the Buenavista zinc concentrator, highlighting operational efficiencies.
• Year-to-date copper production decreased by 3% to 714,098 tons, primarily due to lower ore grades impacting operations in Peru and Mexico.