Southern Copper Corporation (NYSE: SCCO) Announces Stock Dividend Amid Strong Financial Performance

• Southern Copper Corporation (NYSE: SCCO) is set to distribute a stock dividend equivalent to 253 shares for every 250 shares held.
• Shareholders of record on August 11, 2026, will receive the dividend, which is payable on August 27, 2026.
• The mining company reported record second-quarter net sales of $4.29 billion, up 40.6% year over year.
• Net income attributable to Southern Copper rose 71.6% to $1.67 billion, while income per share increased to $2.01 from $1.17 in the prior-year quarter.
• Despite lower copper production caused by declining ore grades in Peru, Southern Copper raised its 2026 copper production target to approximately 917,000 tons. The company also continues to advance major projects, including Tía María in Peru.

Southern Copper Corporation is a leading mining company that primarily produces copper, molybdenum, zinc, and silver. On July 21, 2026, the company announced a stock dividend equivalent to 0.012 additional shares for each common share held. This is economically similar to a 253-for-250 share distribution, but it is more accurately described as a stock dividend rather than a conventional stock split.

The stock dividend follows strong financial results. Southern Copper reported record second-quarter net sales of $4.29 billion, representing a 40.6% increase compared with the same period last year. The increase was driven primarily by higher metal prices, which more than offset lower production volumes.

The company’s income per share rose to $2.01 from $1.17 in the prior-year quarter, representing a 71.8% increase. The result also exceeded analysts’ expectations of approximately $1.95 per share.

Net income attributable to Southern Copper increased 71.6% to a record $1.67 billion, while the net income margin reached 38.9%, compared with 31.9% in the same quarter last year. Adjusted EBITDA also reached a record $2.86 billion, with an adjusted EBITDA margin of 66.6%.

Copper production declined 3.5% year over year to 230,662 tons, partly because of lower ore grades in Peru. Nevertheless, the company raised its full-year 2026 copper production target to approximately 917,000 tons.

Southern Copper continues to focus on long-term expansion through projects such as Tía María in Peru and El Pilar in Mexico. Management has indicated that additional debt financing may be used to support the Tía María project.