Company: SCCO
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001558370-25-004735
Chunk: 37

Company: SOUTHERN COPPER CORP/
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 37
---
ars) must first obtain pre-clearance from the General Counsel, Secretary or Assistant Secretary of SCC at least two weeks prior to executing any related documents, including a detailed justification for the proposed transaction. It is strongly recommended that individuals consult with their broker/financial advisor and tax advisor before pursuing such arrangements. A copy of our Securities Compliance Policy, including any amendments thereto, was filed as Exhibit 19.1 to our Annual Report on Form 10-K for the year ended 2024.

27

<div align='center'>OPTIONS POLICY</div>

The Corporation did not, during the year ended December 31, 2024, grant awards of stock options, stock appreciation rights or similar option-like instruments and does not have a current practice of doing so. The Stock Incentive Plan, under which options and stock awards could have been granted, expired by its terms on January 1, 2006.Accordingly, it does not have a policy on the timing of awards of such instruments in relation to the disclosure of material nonpublic information. In the event the Corporation determines to grant new awards of such instruments, the Board expects to evaluate appropriate steps to take in relation to the foregoing. Southern Copper Corporation has not timed the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.

<div align='center'>CLAWBACK POLICY</div>

In accordance with Section 10-D of The New York Stock Exchange Listed Company Manual and Rule 10D-1 of the Securities Exchange Act of 1934, as amended, in 2023 the Board of Directors adopted a policy for the recovery of erroneously awarded incentive-based compensation (i.e., Clawback Policy) to provide for the recovery of erroneously awarded incentive-based compensation paid to Executive Officers in certain circumstances. This policy enables the Company to recoup incentive-based compensation paid to Executive Officers based on erroneously prepared financial statements due to fraud or misconduct, to the extent that such executive’s incentive compensation was based on the misstated financial statements. The Company adopted the Clawback Policy as required by the applicable rules and is providing this information for compliance purposes only. The Company does not utilize financial performance-based measures to compensate its Executive Officers.

<div align='center'>PAY RATIO DISCLOSURE</div>

As required by the Dodd-Frank Act, we are required to disclose the ratio of the total annual compensation of our CEO to that of our median employee including (i) the median of the total annual compensation of the employees of Southern Copper Corporation