Southern Copper — Feb 11, 2025 release

Proceeds will provide the Company with additional liquidity to finance our Mexican capital expenditures and Minera Mexico’s general corporate purposes. ● Dividends: On January 23, 2025, the Board of Directors authorized a quarterly cash dividend of $0.70 per share of common stock and a stock dividend of 0.0073 shares of common stock per share of common stock, payable on February 27, 2025, to shareholders of record at the close of business on February 11, 2025. 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 $95.86, which is the average of the high and low share price on January 23, 2025 . Shareholders will not be required to take any action to receive the stock dividend. After the payment date, shareholders' book entry accounts will be credited with the additional shares that represent the stock dividend. When shares are held in a brokerage account in the name of a broker, the additional shares will be distributed to the broker on the shareholder's behalf. The stock dividend is administered by Computershare, the Company's transfer agent. Mr. German Larrea, Chairman of the Board, commenting on the Company ´ s progress and current circumstances, said: “ We are pleased with 2024 results, with net sales hitting a record of $11,433 million. This historic figure, which was 16% higher than the sales reported in 2023, was driven by higher sales volumes (Cu+6%; Mo +8%; Zn +45% and Ag 16%) and prices for both copper (+8%) a