Company: SCCO
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001558370-25-005975
Chunk: 4

Company: SOUTHERN COPPER CORP/
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1C
Chunk 4
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Item 1.  Condensed Consolidated Financial Statements

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Southern Copper Corporation

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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

(Unaudited)

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​​​​​​​​​​Three Months Ended ​​​March 31, ​​    2025    2024​​​(in millions, except for per share amounts) ​Net sales (including sales to related parties, see note 5) ​$ 3,121.9​$ 2,599.8​Operating cost and expenses:​​​​​​​Cost of sales (exclusive of depreciation, amortization and depletion shown separately below)​  1,319.2​  1,157.6​Selling, general and administrative​  31.7​  30.8​Depreciation, amortization and depletion​  223.8​  209.0​Exploration​  11.7​  12.7​Total operating costs and expenses​  1,586.4​  1,410.1​​​​​​​​​Operating income​  1,535.5​  1,189.7​​​​​​​​​Interest expense​  (102.3)​  (94.2)​Capitalized interest​  10.4​  13.7​Interest income​  48.7​  27.3​Other income (expense)​  (13.7)​  19.0​Income before income taxes​  1,478.5​  1,155.5​Income taxes (including royalty taxes, see Note 4)​  532.8​  423.4​Net income before equity earnings of affiliate​  945.8​  732.1​Equity earnings (loss) of affiliate, net of income tax​  3.3​  6.7​Net income​  949.1​  738.8​Less: Net income attributable to the non-controlling interest​  3.2​  2.8​Net income attributable to SCC​$ 945.9​$ 736.0​​​​​​​​​Per common share amounts attributable to SCC:​​​​​​​Net earnings-basic and diluted​$ 1.19​$ 0.95​Weighted average