Southern Copper Corporation (SCCO) reported a 116.9% increase in operating cash flow year-over-year for the first half of 2026, totaling $3.68 billion, largely due to higher sales and a $718.5 million reduction in operating assets and liabilities. The company’s copper production fell 3.8% to 461,206 tons, yet it slightly increased its 2026 production outlook to 917,000 tons from 910,000 tons, despite expecting a 5% decline from the previous year.
As of June 30, 2026, Southern Copper held $5.67 billion in cash and cash equivalents, with capital investments reaching $864.7 million. The company’s long-term debt stood at $7.99 billion after issuing $1.25 billion in senior unsecured notes for the Tía María project and other capital requirements. Additionally, the board approved a dividend of $1.10 per share along with a stock dividend.
The company operates in a favorable market, with copper prices around $6.6 per pound, a 47% increase from the previous year, driven by global supply constraints and demand. The Zacks Consensus Estimate projects 2026 sales at $16.86 billion and earnings per share at $7.59, indicating expected growth despite challenges in production.
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