HighGravityDataSouthern Copper — Jul 21, 2026 release
Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-26-085515
Showing in the filing
El Pilar site preparation start
“September 2026”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 24
Quarterly cash dividend for FY2026
“$1.10 per share of common stock”
Stock dividend for FY2026
“0.0120 shares of common stock per share of common stock”
Total estimated dividend for FY2026
“$3.23 per share”
Combined investment in Tía María, Los Chanca…
“approximately $10.3 billion”
Tía María refined copper production
“120,000 metric tonnes of refined copper”
Tía María cash cost estimate
“$1.16 per pound of copper”
Tía María equipment assembly completion for FY2027
“next year”
Tía María initial production start for FY2027
“the second half of 2027”
Capital investment program (current decade)
“exceeds $20.5 billion”
Peruvian projects investment
“could surpass $10.3 billion”
Tía María annual production capacity for FY2026
“120,000 tonnes of SX-EW copper cathodes per year”
Tía María operations start
“2H27”
Los Chancas annual production for FY2026
“130,000 tonnes of copper and 7,500 tonnes of molybdenum annually”
Los Chancas estimated capital investment
“$2.6 billion”
Los Chancas operations start for FY2031
“2031”
Michiquillay annual production and mine life for FY2026
“225,000 tons of copper per year (along with by-products of molybdenum, gold and silver) for an initial mine life of more than 25 years”
Michiquillay estimated investment
“approximately $2.5 billion”
Michiquillay production start for FY2032
“2032”
Mexican investments pipeline
“$10.2 billion”
El Pilar site preparation start for FY2026
“September 2026”
El Pilar construction start for Q1 FY2027
“the first quarter of 2027”
El Pilar production start for FY2029
“the second half of 2029”
El Pilar annual production capacity for FY2026
“36,000 tons of copper cathode”
El Pilar investment
“$551 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
We are engaged in talks with the current administration to continue rolling out SCC’s Mexican investments for $10.2 billion. El Pilar - Sonora . This new copper project has obtained the necessary environmental permits and will begin early site preparation works in September 2026 to develop energy lines, water pipelines, roads, workers accommodation, etc. Project construction will commence in the first quarter of 2027, and production is expected to begin in the second half of 2029. This project is located in Sonora, Mexico, approximately 45 kilometers from Cananea and Buenavista mine. Its copper oxide mineralization contains estimated proven and probable reserves of 317 million tons of ore with an average copper grade of 0.249% and a life of mine of 18 years. It will operate as an open-pit mine with an annual production capacity of 36,000 tons of copper cathode, utilizing cost-efficient and environmentally friendly SXEW (Solvent Extraction and Electrowinning) technology. With an investment of $551 million, this project will employ a direct workforce of 450 people during the construction phase and 300 during the operational phase. El Arco - Baja California: This is a world-class copper deposit located in the central part of the Baja California peninsula with more than 1,230 million tons in sulphide ore reserves with an average ore grade of 0.40%, and 141 million tons of leach material with an average ore grade of 0.27%. The project includes an open-pit mine
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.