Its. This industry currently has a Zacks Industry Rank of 38, which puts it in the top 16% of all 250+ industries. in a fast changing market we have the experience to adapt to our customers needs. Southern Copper generates the majority of its revenue from the sale of copper and the rest from the sale of non-copper products, such as molybdenum, silver, zinc, lead, and gold. }(document.createElement('script'), document.getElementsByTagName('script')[0], '//cdn.taboola.com/libtrc/nasdaq-nasdaq/loader.js'); Investor Relations: Raul Jacob Victor Pedraglio +(602) 264-1375 . It owns mining assets with 70 years of mining ahead, and its mining costs are among the lowest in the industry. e.async = 1; At The Southern Company, we promise to treat your data with respect and will not share your information with any third party. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 93 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. Copy and paste multiple symbols separated by spaces. Our system takes these estimate changes into account and delivers a clear, actionable rating model. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. The current incarnation of Southern Copper can be traced to the 2005 acquisition of Southern Peru Copper Corporation by the Mexican copper producer Minera Mxico.. 88.9 percent of Southern Copper is owned by Mexican mining conglomerate Grupo Mxico (per proxy statement dated March 27, 2018) . We continue to make progress in our quest to achieve ISO 45001 and 14001 certifications. Prior to today's trading, shares of the miner had gained 26.4% over the past month. During the second quarter of 2022, the Maritime Terminal of Guaymas, Mexico received ISO 45001 certification and the Charcas unit in Mexico became the first of our underground mines to obtain ISO 14001 certification. Construction site works are in progress. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. Operating cash cost per pound of copper produced before by-product revenues and Operating cash cost per pound of copper produced net of by-product revenues. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc and lead. MOST EXTENSIVE RAILROAD COVERAGE IN MEXICO AND IN TWO OF THE MOST IMPORTANT US STATES INFRASTRUCTURE. July 28, 2022. Quarterly results were also affected by a 25,624-tonne decrease in copper production at our Peruvian operations, which was mainly attributable to the stoppage at Cuajone and lower ore grades. In that same time, the Basic Materials sector lost 25.75%, while the S&P 500 lost 6.59%. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Click the button below to request a report when hardcopies become available. CNN's Jim Acosta said he still had "marks on my back" from his time serving as White House correspondent during former President Donald Trump's administration. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Nuestra misin es extraer recursos minerales, para transformarlos y comercializarlos satisfaciendo las necesidades del mercado, cumpliendo con nuestra responsabilidad social y ambiental, y maximizando la creacin de valor para nuestros accionistas. In terms of valuation, Southern Copper is currently trading at a Forward P/E ratio of 11.57. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. This rating, which reflects a continuous upward trend, earned us a place in the Dow Jones Sustainability Index for the . Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. In the fourth quarter of last year, the London Metal Exchange copper price increased from an average of $3.25 per pound in the fourth quarter of 2020 to $4.40, that is a 35% increase. Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Our current portfolio for approved projects in Peru totals $2.8 billion, $1.6 billion of which has already been invested. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Southern Copper is rated Zacks Rank #1 (Strong Buy). Copper Mountain's flagship asset is the 75% owned opper Mountain Mine located in southern ritish olumbia . There were no fatalities to regret. Additionally, from day one of our operations, we will generate significant contributions to revenues in the Arequipa region. Metals Week Dealer Oxide, Cost of sales (exclusive of depreciation, amortization and depletion shown separately below), Interest expense, net of capitalized interest, Net income before equity earnings of affiliate, Less: Net income attributable to non-controlling interest, Net income attributable to SCC common shareholders ? SCC seeks sustainability by managing different fronts. Michiquillay is a world class mining project with inferred mineral resources of 2,288 million tons with an estimated copper grade of 0.43%. This change outpaced the S&P 500's 0.4% gain on the day. It is also important to note the recent changes to analyst estimates for Southern Copper. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Webcast. Southern Company reports third-quarter 2022 earnings. El Arco - Baja California: This is a world-class copper deposit located in the central part of the Baja California peninsula with ore reserves of over 1,230 million tons with an average ore grade of 0.40% and 141 million tons of leach material with an ore grade of 0.27%. Compared to the Zacks Consensus Estimate of $2.32 billion, the reported revenues represent a surprise of -6.96%. Sonora: This project is located within the Buenavista facility and includes the development of a new concentrator to produce approximately 100,000 tons of zinc and 20,000 tons of copper per year. container: 'taboola-mid-article-thumbnails', Southern Copper is holding a Zacks Rank of #1 (Strong Buy) right now. Type a symbol or company name. de C.V., Main Products: Copper, Molybdenum, Silver and Zinc. It operates the Toquepala and Cuajone open- How much does an Investor Relations Manager make at companies like SOUTHERN COPPER CORP in the United States? At the registration time, you will be provided a dial-in number and a personal confirmation PIN will be generated to access the call. Copy and paste multiple symbols separated by spaces. The average salary for Investor Relations Director at companies like SOUTHERN COPPER CORP in the United States is $221,262 as of September 26, 2022, but the range typically falls between $190,514 and $255,624. 8-K - Results of Operations and Financial Condition, Source: Silver ? Investor Relations Manager in Temple, TX. These symbols will be available throughout the site during your session. S&P Global has recognized SCC?s sustainability efforts by including it in a new index, S&P/BVL Peru General ESG, as of April of this year. Southern Copper Corporation 1440 East Missouri Avenue Suite 160 Phoenix, AZ 85014 United States 602 264 1375 https://www.southernperu.com Sector (s) : Basic Materials Industry : Copper Full. DESCARGAR NOTA COMPLETA, Las ventas netas del 1T21 fueron $2,532.5 millones, que representaron un aumento de 47.3% sobre las ventas netas del 1T20 de $1,719.7 millones. The Company produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. _taboola.push({ Several years back, we began to acquire the rights to all relevant mining concessions in the area; this process was completed in 2020. Our strong financial position, low cash cost, operating costs efficiency programs and our significant copper reserve will help us weather both current and eventual circumstances. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Revise nuestros resultados del tercer trimestre 2022 DESCARGAR NOTA COMPLETA, Revise nuestros resultados del segundo trimestre 2022 DESCARGAR NOTA COMPLETA, Anuncio de dividendo DESCARGAR NOTA COMPLETA, Subasta Electrnica No. Investors can capitalize on this by using the Zacks Rank. See the company profile for Southern Copper Corporation (SCCO) including business summary, industry/sector information, number of employees, business summary, corporate governance, key executives and their compensation. Mr. German Larrea, Chairman of the Board, commenting on the Company?s progress and current circumstances, said: ?We believe the economic slowdowns in the U.S., China and Europe have temporarily weakened the demand for copper and are driving reductions in current prices. Written by Click to get this free report, Southern Copper Corporation (SCCO) : Free Stock Analysis Report. _taboola.push({article:'auto', url:''}); Considering the fact that the $80.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 2015-2023 Fintel Ventures LLC. In addition, because not all companies use identical calculations, the measures included in this release may not be comparable to similarly titled measures of other companies. 21-025 Equipos en desuso: camiones, camionetas, gras, montacargas, mnibus, otros. This operation will use highly cost efficient and environmentally friendly SX-EW technology. Management believes adjusted EBITDA enhances the comparability of information across reporting periods, is an effective measure for reviewing operating results and, therefore, is a useful measure for both management and investors. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. Southern Copper Corporation is a mining company that was founded in 1952. Click the button below to request a report when hardcopies become available. The Mining - Non Ferrous industry is part of the Basic Materials sector. We expect to initiate operations in 2H23. The program included more than 26,000 meters of drilling completed in 41 drill holes at the company's MPD project in southern British Columbia. Of course, a lot of upside could potentially be left on the table if SCCO shares really soar, which is why looking at the trailing twelve month trading history for Southern Copper Corp, as well as studying the business fundamentals becomes important. These reports include company annual reports (10K, 10Q), news updates (8K), investor presentations (found in 8Ks), insider trades (form 4), ownership reports (13D, and 13G), and reports related to the specific securities sold, such as registration statements and prospectus. VANCOUVER, British Columbia, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the "Company" or "Orezone") is pleased to provide 2023 production and costs guidance for its Bombor Gold Mine ("Bombor") in Burkina Faso. 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