HighGravityData

Southern Copper — Apr 28, 2026 release

Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-26-051281
Open on SEC.gov ↗
Showing in the filing
Quarterly cash dividend
“$1.00 per share of common stock”
Period
FY2026
Measure
Declared action
Source
Prose
All guidance in this release · 16
Ore grade recovery outlook for FY2026
“a recovery in ore grades”
Quarterly cash dividend for FY2026
“$1.00 per share of common stock”
Quarterly stock dividend for FY2026
“0.0100 shares of common stock per share of common stock”
Copper production target for FY2026
“increasing production to 1.6 million tons”
Capital investment program
“exceeds $20.5 billion”
Peruvian projects investment
“could surpass $10.3 billion”
Tia Maria production capacity
“120,000 tonnes of SX-EW copper cathodes per year”
Tia Maria operations start for Q2 FY2026
“3Q27”
Los Chancas production capacity
“130,000 tons of copper and 7,500 tons of molybdenum annually”
Los Chancas capital investment
“$2.6 billion”
Los Chancas operations start for FY2031
“2031”
Michiquillay production capacity
“225,000 tons of copper per year”
Michiquillay mine life
“more than 25 years”
Michiquillay capital investment
“approximately $2.5 billion”
Michiquillay production start-up for FY2032
“2032”
Mexican investments
“$10.2 billion”
Exhibit 99.1 · the passage around this item
… earlier in the release
● 1Q26, we spent $441.9 million on capital investments, up 39.0% compared to 1Q25 and 4.6% versus the figure in 4Q25. Capital expenditure represented 28.3% of net income this quarter. ● Dividends: On April 23, 2026, the Board of Directors authorized a quarterly cash dividend of $1.00 per share of common stock and a stock dividend of 0.0100 shares of common stock per share of common stock, payable on May 29, 2026, to shareholders of record at the close of business on May 13, 2026. ​ ​ ​ ​ ​ FIRST QUARTER 2026 RESULTS SOUTHERN COPPER ​ ​ ​ ​ In lieu of fractional shares, cash will be distributed to each shareholder who would otherwise have been entitled to receive a fractional share, based on a share price of $187.45, which is the average of the high and low share price on April 23, 2026. Mr. German Larrea, Chairman of the Board, commenting on the Company´s progress and current circumstances, said: " ╬ On April 7, 2026, Grupo Mexico lost one of the principals of its organization, Oscar Gonzalez Rocha, who served as Executive President, Chief Executive Officer of SCCO and member of the Board of Directors. Over a period spanning 50 years, Oscar worked tirelessly to further the Company’s objectives as he scaled the corporate ladder to CEO. From this position, he managed the company with intelligence, unwavering loyalty and commitment to meeting and exceeding targets. Oscar was one of the most influential leaders in the mining industry. We will miss him deeply. ​ On April 23, 2026, the Compa
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.