Southern Copper posted record EBITDA and net income in Q2 2026. The miner targets 1.06M tons of copper by 2029 as Tia Maria reaches 42% completion. Alpha Score 64/100.
Southern Copper posted record EBITDA and net income in the second quarter, the miner said on an earnings call Tuesday. The company also outlined a path to 1.06 million metric tons of copper production by 2029, driven by progress at the Tia Maria project in Peru, which has reached 42% completion.
Management said the 2026 copper outlook remains strong, with the mine expected to ramp as Tia Maria comes online. The project is fully funded through internal cash flow, Southern Copper said, and remains on schedule for first production by late 2028.
The company declared a dividend for the quarter, though it flagged risks from falling global copper prices and potential labor disruptions in Peru. Southern Copper said it is monitoring both.
The stock carries an Alpha Score of 64 out of 100, a Moderate label, suggesting the current valuation is in line with fundamentals. See the SCCO stock page for more.
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