Southern Copper — Jan 27, 2026 release

This 31-cent reduction in the cash cost (-33.7%), compared to the $0.89 reported in 2024, was mainly attributable to a 34-cent increase in by-product revenue credits. ● Dividends: On January 22, 2026, the Board of Directors authorized a quarterly cash dividend of $1.00 per share and a stock dividend of 0.0085 shares of common stock per share of common stock, payable on February 27, 2026, for shareholders of record at the close of business on February 10, 2026. Mr. German Larrea, Chairman of the Board, commenting on the Company´s progress and current circumstances, said: “The Company had an outstanding year, achieving new record results for sales, adjusted EBITDA and net income, as well as registering significantly lower cash costs. These results reflect strong momentum for copper and other minerals that we mine and attest to the effectiveness of our strategic direction. This historic performance is underpinned by our unwavering commitment to enhancing productivity and cost efficiency across operations. ​ Net sales reached an all-time high of $13.4 billion, representing a 17% increase compared to 2024, driven by higher sales volumes and favorable pricing for all our core products. This robust operating performance is reflected in the company net income record of $4.3 billion, 28% above the figure in 2024, and in a low cash cost this year of 58 cents per pound of copper. ​ Our Tía María project represents a landmark investment for Peru and the Arequipa regi