At the end of June the project has all the required permits for exploration activities. These recent revisions tend to reflect the evolving nature of short-term business trends. EST (9:00 AM Lima and Mexico City time). We reiterate our view that the initiation of construction activities at Tia Maria will generate significant economic opportunities for the Islay province and the Arequipa region. The program included more than 26,000 meters of drilling completed in 41 drill holes at the company's MPD project in southern British Columbia. target_type: 'mix' Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. _taboola.push({article:'auto', url:''}); Considering the fact that the $80.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. our service enables potential investors to review the most recent and archived southern copper corp. sustainability report, southern copper corp. corporate social responsibility report, southern copper corp. csr report, southern copper corp. corporate responsibility, southern copper corp. cr report, southern copper corp. citizenship report, Within the past 30 days, our consensus EPS projection remained stagnant. In February, 2022, a group of illegal miners occupied part of the lands of the project and started to produce copper with a low scale artisan process. Below is a chart showing SCCO's trailing twelve month trading history, with the $80.00 strike highlighted in red: !function (e, f, u) { Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. In 2021, the Company signed a Social Agreement with the Michiquillay and the Enca?ada Communities and, on October 1, 2021, the Peruvian Ministry of Energy and Mines approved the semi-detailed Environmental Impact Study for the project. Last Reported Results and Surprise History. We now employ 25 individuals and our facility is now over 30,000 square feet. Somos una empresa minero metalrgica de clase mundial, productora de cobre y otros subproductos valiosos. Do Not Sell My Personal Information (CA Residents Only). DESCARGAR NOTA COMPLETA, Las ventas netas del 1T21 fueron $2,532.5 millones, que representaron un aumento de 47.3% sobre las ventas netas del 1T20 de $1,719.7 millones. You can sign up for additional alert options at any time. Michiquillay will become one of Peru?s largest copper mines and will create significant business opportunities in the Cajamarca region; generate new jobs for the local communities; and contribute with taxes and royalties to the local, regional and national governments. The Company expects strong action from the authorities to restore the lands to the Company so that it can continue to develop the project. This page shows recent SEC filings related to Southern Copper Corp. Latest Michiquillay - Cajamarca: In June 2018, Southern Copper signed a contract for the acquisition of the Michiquillay project in Cajamarca, Peru. Minn., Nov. 25, 2022 (GLOBE NEWSWIRE) -- Lifecore Biomedical, Inc. ("Lifecore" or the "Company"), a fully integrated contract development and manufacturing organization ("CDMO"), today announced the . By providing your email address below, you are providing consent to The Southern Company to send you the requested Investor Email Alert updates. For comparison, its industry has an average Forward P/E of 15.06, which means Southern Copper is trading at a premium to the group. Want the latest recommendations from Zacks Investment Research? Southern Copper's Quality Management System offers support in improving the business practices employed. Below is a chart showing the trailing twelve month trading history for Southern Copper Corp, and highlighting in green where the $75.00 strike is located relative to that history: Turning to. The current TTM dividend payout for Southern Copper (SCCO) as of December 30, 2022 is $2.00. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Vancouver, British Columbia--(Newsfile Corp. - August 1, 2019) - Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") announces the commencement of the 2019 exploration program at its 100% owned MPD Copper-Gold Porphyry Project in Southern Central British Columbia. Southern Copper reported revenues of $2.16 billion in the last reported quarter, representing a year-over-year change of -19.6%. We have completed the engineering study. Nevertheless, the Company believes that by increasing the water supply, it will generate more palpable benefits for local communities. Vancouver, BC, January 6, 2023 - Copper Mountain Mining Corporation (TSX: CMMC | ASX: C6C) . We estimate an investment of approximately $2.5 billion will be required and expect production start-up by 2028. Victor Pedraglio +(602) 264-1375 . We anticipate that El Pilar will operate as a conventional open-pit mine with an annual production capacity of 36,000 tons of copper cathodes. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. This industry currently has a Zacks Industry Rank of 38, which puts it in the top 16% of all 250+ industries. Do Not Sell My Personal Information (CA Residents Only). Kodiak Copper Corp. (TSX-V:KDK) CEO Claudia Tornquist has released a letter to shareholders, highlighting the company's biggest exploration program to date in 2022. The Company produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued. This project will significantly improve the overall mineral ore grade (combining the 0.78% expected from Pilares with the 0.34% from La Caridad). Today, that discovery is still the heart of the Zacks Rank. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.82 billion, down 2.68% from the year-ago period. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. If you have questions concerning your registered Southern Company shareowner account, online account access, transfer requirements, lost certificates, dividend checks, address changes or the Southern Investment Plan, please contact EQ Shareowner Services. Pilares ? To read this article on Zacks.com click here. Our current portfolio for approved projects in Peru totals $2.8 billion, $1.6 billion of which has already been invested. As part of this plan, the Company has established venues of contact with the local and regional authorities and communities to promote programs for sustainable development in the area. Southern Copper Corporation (NYSE and BVL: SCCO). You can find more information on all of these metrics, and much more, on Zacks.com. Jul 6, 2022 06:00PM EDT In the latest trading session, Southern Copper (SCCO) closed at $48.76, marking a +1.88% move from the previous day. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. BNK Invest for in a fast changing market we have the experience to adapt to our customers needs. Type a symbol or company name. Procurement has progressed 99% and all the main equipment is on site. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Basic engineering study is finished and the Company continues developing the project and site environmental activities. TRANSPORTATION. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of . Southern Copper has grown tremendously over the last 30 years. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. Sonora: This project is located within the Buenavista facility and includes the development of a new concentrator to produce approximately 100,000 tons of zinc and 20,000 tons of copper per year. Southern Copper Corporation 1440 East Missouri Avenue Suite 160 Phoenix, AZ 85014 United States 602 264 1375 https://www.southernperu.com Sector (s) : Basic Materials Industry : Copper Full. July 28, 2022 01:00 PM ET. These symbols will be available throughout the site during your session. Source: SCCO Investor Relations. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. COMEX; Gold and Zinc ? When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. We have also promoted agricultural and livestock activities in the Tambo Valley and supported growth in manufacturing, fishing and tourism in Islay. See the company profile for Southern Copper Corporation (SCCO) including business summary, industry/sector information, number of employees, business summary, corporate governance, key executives and their compensation. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. The Company has made an offer to the Peruvian government to build the Paltiture dam, instead of a desalinization plant originally proposed, to provide water to both the project and the community. The management is planning to increase . This marks the Company's first full year as an operating gold producer after . e.src = u; f.parentNode.insertBefore(e, f); | Contact Us. We are a world-class mining-metallurgical company, producer of copper and other valuable byproducts. Investors with an interest in Basic Materials stocks should continue to track Rio Tinto and Southern Copper. In this scenario, we believe the current cycle of low prices should be short-lived. You must click the activation link in order to complete your subscription. . A wealth of resources for individual investors is available at www.zacks.com. The dam, if built, will require a much higher investment than the $100 million budget planned for the desalinization plant. Following is a reconciliation of adjusted EBITDA to Net Income attributable to SCC and Operating Cash Cost before by-product revenues and Operating Cash Cost net of by-product revenues to their more comparable GAAP measure: EBITDA (earnings before interest, taxes, depreciation and amortization) is a measure commonly used by companies to evaluate operating performance and the ability to generate cash. Elsewhere, the Dow gained 0.33%, while the tech-heavy Nasdaq lost 1.1%. Written by The Company is a NYSE and Lima Stock Exchange listed company that is 88.9% owned by Grupo Mexico, a Mexican company listed on the Mexican stock exchange. Dun & Bradstreet Holdings, Inc. (NYSE: DNB) is a leading global provider of business decisioning data and analytics. Date Type Title; Oct 31, 2022: 10-Q: Quarterly Report It is also important to note the recent changes to analyst estimates for Southern Copper. Southern Copper Corporation (SCC) is one of the largest integrated copper producers in the world and we believe we currently have the largest copper reserves in the industry. A new 25-meter wide off-road facility for mining trucks has been built and will be used to transport the ore from the pit to the primary crushers at the La Caridad copper concentrator. BNK Invest Inc. provides investment services and information. This would mark a year-over-year decline of 26.85%. Of course, a lot of upside could potentially be left on the table if SCCO shares really soar, which is why looking at the trailing twelve month trading history for Southern Copper Corp, as well as studying the business fundamentals becomes important. _taboola.push({ In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. July 28, 2022. Southern Company. Southern Company reports third-quarter 2022 earnings. Valuation is also important, so investors should note that Southern Copper has a Forward P/E ratio of 24.87 right now. Our mission is to deliver a global network of trust, enabling clients to transform uncertainty into confidence, risk into opportunity and potential into prosperity. The base salary for Investor Relations Administrator in companies like SOUTHERN COPPER CORP range from $82,628 to $114,203 with the average base salary of $97,688. Today, that discovery is still the heart of the Zacks Rank. For the current fiscal year, the consensus earnings estimate of $3.04 points to a change of -30.8% from the prior year. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Mr. German Larrea, Chairman of the Board, commenting on the Company?s progress and current circumstances, said: ?We believe the economic slowdowns in the U.S., China and Europe have temporarily weakened the demand for copper and are driving reductions in current prices. If we include the up-and-coming Michiquillay ($2.5 billion) and Los Chancas ($2.6 billion) projects, our total investment program in Peru reflects a commitment of $7.9 billion. This industrial complex was also given the 2021 National Export Award in the category of Large Industrial Exporting Companies for its contribution to foreign trade and international business in the country. Type a symbol or company name. Written by To participate in the call: Please consider that we are using a new technological platform for this event. These results were mainly due to higher production costs and the unit cost effect generated by a 12.1% decrease in pounds of copper produced. Faraday Copper Corp. E-mail: info . What is Southern Copper's dividend payout ratio? Our strong financial position, low cash cost, operating costs efficiency programs and our significant copper reserve will help us weather both current and eventual circumstances. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Counsel: N/A: N . Create your Watchlist to save your favorite quotes on Nasdaq.com. Southern Copper : Second quarter and six months result 2022 07/27/2022 | 11:24am EST RESULTS S ECOND Q UARTER AND S IX M ONTHS 2022 Investor Relations: Raul Jacob Victor Pedraglio + (602) 264-1375 southerncopper@southernperu.com.pe www.southerncoppercorp.com July 26, 2022 Southern Copper Corporation (NYSE and BVL: SCCO) Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Southern Copper Corporation SCCO is expected to release first-quarter 2021 results, before the opening bell on Apr 26. INVESTOR RELATIONS: Genaro Guerrero Daz Mercado T. +52 55 5246 37 00 Ext. Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. So, it's important to know a company's potential revenue growth. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. ? The Company operates mining units and metallurgical facilities in Mexico and Peru and conducts exploration activities in Argentina, Chile, Ecuador, Mexico and Peru. Free: See Our Top Stock and 4 Runners Up >>, Do Not Sell My Personal Information (CA Residents Only). The main equipment is on site we have also promoted agricultural and livestock activities the. To the Southern Company to send you the requested investor email alerts, please enter email. Mountain Mining Corporation ( NYSE and BVL: SCCO ) of 38, which puts it in the top %... -30.8 % from the relation between the two signals where the short-term average is above the average! Company to send you the requested investor email alerts, please enter your email address the! Research Sheraz Mian hand-picks one to have the experience to adapt to our customers needs ; s Management... Tech-Heavy Nasdaq lost 1.1 % up > >, do Not Sell My Personal Information ( Residents... 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