Southern Copper Corporation
 (SCCO)

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  • Nov. 29, 2012, 9:36 AM
    Copper supply shortages will extend into the first half of next year, Barclays estimates, as an accelerating Chinese economy more than doubles the pace of growth in global consumption. Demand will outpace supply by 316K metric tons in H1, more than all copper in London Metal Exchange warehouses, before a surplus emerges in H2.
    | Nov. 29, 2012, 9:36 AM | 6 Comments
  • Oct. 29, 2012, 12:10 AM
    Notable earnings after Monday’s close: AGNC, APC, ARCT, AUY, BIDU, CRUS, FLS, FMC, FST, GEOY, HLF, HTZ, LEG, LIFE, MAS, MNKD, OII, PMCS, SCCO, VRTX, XCO
    | Oct. 29, 2012, 12:10 AM
  • Oct. 28, 2012, 5:35 PM
    Notable earnings after Monday’s close: AGNC, APC, ARCT, AUY, BIDU, CRUS, FLS, FMC, FST, GEOY, HLF, HTZ, LEG, LIFE, MAS, MNKD, OII, PMCS, SCCO, VRTX, XCO
    | Oct. 28, 2012, 5:35 PM | 1 Comment
  • Oct. 24, 2012, 12:38 PM

    Southern Copper (SCCO +1%) says Q3 EPS fell 67% Y/Y to $0.26, reflecting softer global copper prices and a $316M charge for legal fees. Copper mine output was 486K tons in the first nine months of 2012, up 11.2% Y/Y. Copper fundamentals are "solid," chairman German Larrea says, adding "the world economies are getting prepared for a period of growth."

    | Oct. 24, 2012, 12:38 PM | 3 Comments
  • Oct. 22, 2012, 12:10 AM
    Notable earnings after Monday’s close: CE, CNI, DHT, HMA, SCCO, SWFT, TXN, VECO, WDC, YHOO, ZION
    | Oct. 22, 2012, 12:10 AM
  • Oct. 21, 2012, 5:35 PM
    Notable earnings after Monday’s close: CE, CNI, DHT, HMA, SCCO, SWFT, TXN, VECO, WDC, YHOO, ZION
    | Oct. 21, 2012, 5:35 PM
  • Oct. 19, 2012, 4:58 PM

    Peru's biggest miners are expected to post strong Q3 earnings, but those results could be negatively affected by lower prices for their products and higher costs. Brokerage Inteligo sees Southern Copper (SCCO) posting a near-10% drop in net income, due to lower base metals prices and maintenance at one of its refineries. Lower net earnings also are expected at Buenaventura (BVN).

    | Oct. 19, 2012, 4:58 PM | 1 Comment
  • Oct. 9, 2012, 8:46 AM
    Mexican copper miner and railroad operator Grupo Mexico (GMBXF.PK) says it will pay a $2B judgment to Southern Copper (SCCO) in cash rather than in stock. The payment will end a seven-year legal battle with SCCO's minority shareholders in one of the largest judgments ever awarded in a U.S. securities class action suit.
    | Oct. 9, 2012, 8:46 AM
  • Oct. 2, 2012, 3:42 PM

    In addition to upgrading Pan American Silver (PAAS) and downgrading Goldcorp (GG), Deutsche Bank adjusts price targets on other metals stocks: ABX, CDE, CLF, FCX, KGC, VALE, AA, HL, NEM, SSRI, SCCO, TCK. The sector is "hitting an inflection point where routine operating cost and capital spending overruns are no longer being tolerated by boards or investors."

    | Oct. 2, 2012, 3:42 PM | 5 Comments
  • Oct. 1, 2012, 5:51 PM

    Southern Copper (SCCO) will decide in January if it will go forward with its $1.2B Los Chancas project in Peru, CEO Oscar Gonzalez says, adding that the copper producer is pushing ahead with its investments in Peru and Mexico despite the weak global economy.

    | Oct. 1, 2012, 5:51 PM
  • Sep. 4, 2012, 3:41 PM

    Southern Copper (SCCO -1.3%) postpones a planned bond sale after the Delaware Supreme Court upholds a $2B judgment against parent company Grupo Mexico. SCCO, the largest producer of the metal in Peru and Mexico, reportedly had planned to sell 10- and 30-year bonds as soon as this week.

    | Sep. 4, 2012, 3:41 PM | 3 Comments
  • Aug. 27, 2012, 6:10 PM
    Southern Copper (SCCO) says it is advancing negotiations with union workers in Peru for new collective agreements, holding its third round of talks this week. The collective agreements with SCCO's main unions expire at the end of August.
    | Aug. 27, 2012, 6:10 PM
  • Jul. 31, 2012, 5:52 PM
    Copper prices will find support in the next few months thanks to Chinese demand that could expand 7%-8% this year, outpacing supply, Southern Copper's (SCCO) Raul Jacob says. Global demand for refined copper is expected to grow 3.5%, or 675K metric tons, while copper supply will grow less than 1%.
    | Jul. 31, 2012, 5:52 PM
  • Jun. 14, 2012, 2:24 PM

    Peruvian protesters may want to consider shifting the focus of their anger (I, II): Local governments had 9.5B soles ($3.5B) from natural resources taxes collected over the last decade lying dormant in bank accounts as of December, according to a Reuters analysis - in provinces where the poverty rate often exceeds 60% despite a decade-long boom fueled by minerals exports.

    | Jun. 14, 2012, 2:24 PM | 1 Comment
  • Jun. 7, 2012, 1:20 PM
    Southern Copper (SCCO) says operations are unaffected in Peru by an earthquake near the southern coast.
    | Jun. 7, 2012, 1:20 PM
  • May 29, 2012, 2:25 PM

    Peru's government declared a state of emergency last night in southern Peru after deadly protests opposing Xstrata's (XSRAF.PK +5.2%) Tintaya copper mine. Anti-mining activists have recently halted investments in several planned mines, such as Southern Copper's (SCCO +2.1%) Tia Maria project and Newmont Mining's (NEM -1.9%) Minas Conga project.

    | May 29, 2012, 2:25 PM | 1 Comment
Company Description
Southern Copper Corp is producer of copper, molybdenum, zinc and silver. The Company's segments include Peruvian operations, Mexican open-pit operations, Mexican underground mining operations.
Industry: Copper
Country: United States