The capital budget is $413 million, and we expect to initiate operations in 3Q22. 10-K - SCCO / Southern Copper Corp. 10-K (Annual Report) 2018-03-01 sec.gov - Use these links to rapidly review the document TABLE OF CONTENTS PART IV. The project has a total budget cost of $38.2 million with $1.2 million expended through december 31, 2011. The annual meeting of stockholders of Southern Copper Corporation will be held at Edificio Parque Reforma, Campos Eliseos No. Mr. German Larrea, Chairman of the Board, commenting on the Company´s progress said: “2019 was a remarkable year for Southern Copper. The process of bidding for the site preparation has started and the purchase orders for the major equipment has been placed. The connection road between Pilares mine and La Caridad mine is now under construction. Non-GAAP financial measures are intended to provide additional information only and do not have any standard meaning prescribed by U.S. generally accepted accounting principles (“GAAP”). Considering the up-and-coming Michiquillay ($2.5 billion) and Los Chancas ($2.8 billion) projects, our total investment program in Peru will increase to $8.1 billion. These investments are in line with our growth program, which aims to reach annual production of 1.5 million tons of copper by 2028. Southern Copper Corporation: Common Stock Markets: New York Stock Exchange and the Lima Stock Exchange: Ticker Symbol : SCCO: CIIU : 1320 group: Economic Group : Indirectly, is part of “Grupo Mexico S.A.B. AnnuAL REPORT 2014 for exploration, mining, concentration, smelting, refining and marketing of our products. Southern Copper Corporation has 13,899 employees across 3 locations and $7.29 B in annual revenue in FY 2019. Southern Copper (SCCO) reported earnings 30 days ago. 0.6 Less: Lower depreciation, amortization and depletion expense. The current incarnation of Southern Copper can be traced to the 2005 acquisition of Mexican copper producer Minera México by Southern Peru Copper Corporation.. 88.9 percent of Southern Copper is owned by Mexican mining conglomerate Grupo México (per proxy statement dated March 27,2018) . Phone: +(602)264-1375 Mexico: Campos Elíseos Nº 400, 11 floor Col. Lomas de Chapultepec, México D.F. 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Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Inside Southern Copper Corp's 10-K Annual Report: Financial - Expense Highlight (0.2) Operating costs and expenses for 2019 $ 2,045.4 2018-2017: Operating costs and expenses in 2018 decreased by $7.0 million, compared to 2017, mainly due to: Operating costs and expenses for 2017 $ 2,035.7 Less: Lower depreciation, amortization and depletion expense. Reconciliation of Cost of sales (exclusive of depreciation,amortization and depletion) to Operating Cash Cost before by-product revenues and Operating Cash Cost net of by-product revenues, Cost of sales (exclusive of depreciation, amortization and depletion) - GAAP, Selling, general and administrative expenses, Treatment and refining charges net of sales premiums, Purchased concentrates from third parties, Operating cash cost before by-product revenues, Operating cash cost, net of by-products revenue, Total pounds of copper produced, in millions. As of December 31, 2019, there were 773.1 million shares outstanding and as of December 31, 2018, there were 773.0 million shares outstanding. Southern Copper's annual revenues are over $500 million (see exact revenue data). 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. Toquepala Expansion Project – Tacna: This $1.3 billion project includes a new-state-of-the-art concentrator that has increased Toquepala´s annual copper production to reach 258,000 tons in 2019, a 51.5% production increase for this operation when compared to 2018. Stock analysis for Southern Copper Corp (SCCO:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Request Information. 4Q19 net income of $305.7 million was 4.3% higher than 4Q18 net income of $293.2 million. 2019 adjusted EBITDA was $3,526.9 million, 0.8% lower than 2018 adjusted EBITDA of $3,556.0 million. U.S. Industry Overview & Market Statistics: EBIT (Earnings Before Interest and Taxes), Revenue from previous years (2010 to present), Funding from Venture Capital and Private Equity firms, Additional industries in which the company operates, What is the company's size? Phone: +(52-55) 1103-5000, Anexo 5855 Peru: Avenue Caminos del Inca 171 Southern Copper Corporation has 13140 total employees across all of its locations and generates $7.29 billion in sales (USD). Annual Report 2010 5 On behalf of Southern Copper Corporation’s Board, we express our thanks to all our personnel for their effort, work and dedication, to our clients for their continued trust and loyalty, and to you, our shareholders, for your permanent support. 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