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Guidance history, every release

Southern Copper (SCCO) · 8 releases, Oct 21, 2024 to Jul 21, 2026 · rows are metrics, columns are releases

Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing

Metric	Oct 21, 2024 FY24 Q3	Feb 11, 2025 FY24 Q4	Apr 24, 2025 FY25 Q1	Jul 28, 2025 FY25 Q2	Oct 28, 2025 FY25 Q3	Jan 27, 2026 FY25 Q4	Apr 28, 2026 FY26 Q1	Jul 21, 2026 FY26 Q2
For FY2032
Michiquillay estimated investment and production start-up	New“estimate an investment of approximately $2.5 billion will be required and expect production start-up by 2032”	—	—	—	—	—	—	—
Michiquillay production start	—	—	—	—	—	—	—	New“2032”
Michiquillay production start-up	—	—	New“expect production start-up by 2032”	Reiterated“by 2032”	—	Reiterated“expect production start-up by 2032”	Reiterated“2032”	—
For FY2031
Los Chancas expected start of operations	New“expected to begin operating in 2031”	—	—	—	—	—	—	—
Los Chancas operations start	—	—	New“operations are expected to begin in 2031”	—	—	Reiterated“expected to begin in 2031”	Reiterated“2031”	Reiterated“2031”
For FY2030
Los Chancas operations start	—	—	—	New“2030-2031”	—	—	—	—
For FY2029
El Pilar production start	—	—	—	—	—	—	—	New“the second half of 2029”
For FY2027
El Pilar construction start	—	—	—	—	—	—	—	New“the first quarter of 2027”
Tía María direct jobs at start of operations	—	—	—	New“764”	—	—	—	—
Tía María equipment assembly completion	—	—	—	—	—	—	—	New“next year”
Tía María indirect jobs at start of operations	—	—	—	New“5,900”	—	—	—	—
Tía María initial production start	—	—	—	—	—	—	—	New“the second half of 2027”
Tia Maria jobs generated once operations start	New“the project will generate 600 direct jobs and 4,800 indirect jobs”	—	—	—	—	—	—	—
Tia Maria jobs upon operations start	—	—	—	—	New“764 direct jobs and 5,900 indirect jobs”	—	—	—
For FY2026
Copper production target	—	—	—	—	—	—	New“increasing production to 1.6 million tons”	—
El Pilar annual production capacity	—	—	—	—	—	—	—	New“36,000 tons of copper cathode”
El Pilar site preparation start	—	—	—	—	—	—	—	New“September 2026”
Los Chancas annual production	—	—	—	—	—	—	—	New“130,000 tonnes of copper and 7,500 tonnes of molybdenum annually”
Michiquillay annual production and mine life	—	—	—	—	—	—	—	New“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”
Ore grade recovery outlook	—	—	—	—	—	—	New“a recovery in ore grades”	—
Quarterly cash dividend	—	—	—	—	—	New“$1.00 per share”	Reiterated“$1.00 per share of common stock”	Raised“$1.10 per share of common stock”
Quarterly stock dividend	—	—	—	—	—	—	New“0.0100 shares of common stock per share of common stock”	—
Stock dividend	—	—	—	—	—	New“0.0085 shares of common stock per share of common stock”	—	Raised“0.0120 shares of common stock per share of common stock”
Tía María annual production capacity	—	—	—	—	—	—	—	New“120,000 tonnes of SX-EW copper cathodes per year”
Tia Maria operations start	—	—	—	—	—	—	New“3Q27”	—
Total estimated dividend	—	—	—	—	—	—	—	New“$3.23 per share”
For FY2025
Copper production	—	New“967,000 tons”	—	—	—	—	—	—
El Pilar annual production capacity	—	—	—	New“36,000 tonnes of copper cathodes”	—	—	—	—
Los Chancas annual copper production	—	—	—	New“130,000 tonnes of copper”	—	—	—	—
Los Chancas annual molybdenum production	—	—	—	New“7,500 tonnes of molybdenum”	—	—	—	—
Los Chancas annual production	—	—	—	—	New“130,000 tonnes of copper and 7,500 tonnes of molybdenum annually”	—	—	—
Los Chancas expected annual production	—	—	—	—	—	New“130,000 tons of copper and 7,500 tons of molybdenum annually”	—	—
Los Chancas planned annual production	—	—	New“130,000 tons of copper and 7,500 tons of molybdenum annually”	—	—	—	—	—
Michiquillay annual copper production	—	—	—	New“225,000 tonnes of copper per year”	—	—	—	—
Michiquillay annual production	—	—	—	—	New“225,000 tonnes of copper per year”	—	—	—
Michiquillay expected annual copper production	—	—	New“225,000 tons of copper per year”	—	—	—	—	—
Minera Mexico 2025 capital investment	—	New“more than $600 million”	—	—	—	—	—	—
Minera Mexico planned capital investment	—	—	New“more than $600 million”	—	—	—	—	—
Minera Mexico planned investment	—	—	—	New“more than $600 million”	—	—	—	—
Molybdenum production	—	New“26,200 tons”	—	—	—	—	—	—
Quarterly cash dividend	—	—	—	New“$0.80 per share of common stock”	Raised“$0.90 per share of common stock”	—	—	—
Quarterly cash dividend declared	—	—	New“$0.70 per share of common stock”	—	—	—	—	—
Silver production	—	New“23 million ounces”	—	—	—	—	—	—
Stock dividend	—	—	—	New“0 .0101 shares of common stock per share of common stock”	Changed“0.0085 shares of common stock per share of common stock”	—	—	—
Stock dividend declared	—	—	New“0.0099 shares of common stock per share of common stock”	—	—	—	—	—
Tia Maria annual production capacity	—	—	—	—	New“120,000 tonnes of SX- EW copper cathodes per year”	—	—	—
Tia Maria construction start	New“In 2025, we expect construction to begin.”	—	—	—	—	—	—	—
Zinc production	—	New“171,700 tons”	—	—	—	—	—	—
For FY2024
El Pilar annual production capacity	—	New“36,000 tonnes of copper cathodes”	—	—	—	—	—	—
Los Chancas annual production	—	New“130,000 tons of copper and 7,500 tons of molybdenum annually”	—	—	—	—	—	—
Los Chancas expected annual production	New“expected to produce 130,000 tons of copper and 7,500 tons of molybdenum annually”	—	—	—	—	—	—	—
Michiquillay annual production	—	New“225,000 tons of copper per year”	—	—	—	—	—	—
Michiquillay expected annual copper production	New“expect Michiquillay to produce 225,000 tons of copper per year”	—	—	—	—	—	—	—
Quarterly cash dividend declared	New“quarterly cash dividend of $0.70 per share of common stock”	—	—	—	—	—	—	—
Stock dividend declared	New“stock dividend of 0.0062 shares of common stock per share of common stock, payable on November 21, 2024”	—	—	—	—	—	—	—
Tia Maria annual production capacity	—	New“120,000 tons of SX-EW copper cathodes per year”	—	—	—	—	—	—
No period stated
Tia Maria expected export revenue	—	—	—	—	New“$18.2 billion”	—	—	—
Capital investment program	—	—	—	New“exceeds $15 billion”	—	—	Raised“exceeds $20.5 billion”	—
Capital investment program (current decade)	—	—	—	—	New“exceeds $15 billion”	—	—	Raised“exceeds $20.5 billion”
Capital investment program for this decade	New“exceeds $15 billion”	—	—	—	—	—	—	—
Combined investment in Tía María, Los Chancas, and Michiquillay	—	—	—	—	—	—	—	New“approximately $10.3 billion”
Current capital investment program (this decade)	—	—	New“exceeds $15 billion”	—	—	Raised“exceeds $20.5 billion”	—	—
Decade capital investment program	—	New“exceeds $15 billion”	—	—	—	—	—	—
El Arco combined operation capacity	—	—	—	New“120 ktpd concentrator and 28 ktpy SX-EW operations”	—	—	—	—
El Arco planned concentrator and SX-EW capacity	—	—	New“120 ktpd concentrator and 28 ktpy SX-EW operations”	—	—	—	—	—
El Arco project design capacity	—	—	—	—	New“120 ktpd concentrator and 28 ktpy SX-EW operations”	—	—	—
El Pilar investment	—	—	—	—	—	—	—	New“$551 million”
El Pilar project budget	—	New“$310 million”	—	—	—	—	—	—
Long-term copper production goal	—	—	—	—	New“1.6 million tonnes of copper”	—	—	—
Long-term copper production objective	—	—	—	—	—	New“1.6 million tons of copper by 2033”	—	—
Los Chancas capital investment	—	New“$2.6 billion”	—	—	—	—	Reiterated“$2.6 billion”	—
Los Chancas estimated capital investment	New“estimated capital investment is $2,600 million”	—	Reiterated“$2.6 billion”	Reiterated“$2.6 billion”	Reiterated“$2.6 billion”	Reiterated“$2.6 billion”	—	Reiterated“$2.6 billion”
Los Chancas in-fill drilling campaign	New“40,000-meter in-fill drilling campaign”	—	—	—	—	—	—	—
Los Chancas operations start	—	New“2031”	—	—	Lowered“2030-2031”	—	—	—
Los Chancas production capacity	—	—	—	—	—	—	New“130,000 tons of copper and 7,500 tons of molybdenum annually”	—
Mexican investments	—	—	—	—	—	—	New“$10.2 billion”	—
Mexican investments pipeline	—	—	—	—	—	New“$10.2 billion”	—	Reiterated“$10.2 billion”
Mexican projects investment	—	—	—	—	New“$10.2 billion”	—	—	—
Michiquillay capital investment	—	New“approximately $2.5 billion”	—	—	—	—	Reiterated“approximately $2.5 billion”	—
Michiquillay estimated investment	—	—	—	New“approximately $2.5 billion”	Reiterated“approximately $2.5 billion”	Reiterated“approximately $2.5 billion”	—	Reiterated“approximately $2.5 billion”
Michiquillay estimated investment required	—	—	New“approximately $2.5 billion”	—	—	—	—	—
Michiquillay expected copper production	—	—	—	—	—	New“225,000 tons of copper per year”	—	—
Michiquillay expected initial mine life	New“initial mine life of more than 25 years”	—	—	—	—	—	—	—
Michiquillay initial mine life	—	—	—	New“more than 25 years”	Reiterated“more than 25 years”	Reiterated“more than 25 years”	—	—
Michiquillay mine life	—	—	—	—	—	—	New“more than 25 years”	—
Michiquillay production capacity	—	—	—	—	—	—	New“225,000 tons of copper per year”	—
Michiquillay production start-up	—	New“by 2032”	—	—	Reiterated“2032”	—	—	—
Michiquillay total drilling program	New“total program = 148,000 meters”	—	—	—	—	—	—	—
Peruvian projects capital investment	—	—	—	—	New“could surpass $10.3 billion”	—	—	—
Peruvian projects investment	—	—	—	New“could surpass $10.3 billion”	—	Reiterated“could surpass $10.3 billion”	Reiterated“could surpass $10.3 billion”	Reiterated“could surpass $10.3 billion”
Quarterly cash dividend	—	New“$0.70 per share of common stock”	—	—	—	—	—	—
SCC's Mexican investments	—	—	—	New“$10.2 billion”	—	—	—	—
Stock dividend	—	New“0.0073 shares of common stock per share of common stock”	—	—	—	—	—	—
Tia Maria capacity	New“120,000 tons of SX- EW copper cathodes per year”	—	—	—	—	—	—	—
Tía María cash cost estimate	—	—	—	—	—	—	—	New“$1.16 per pound of copper”
Tia Maria construction jobs to be filled with Islay province workers	New“intend to fill the 9,000 jobs”	—	—	—	—	—	—	—
Tía María construction phase jobs target	—	—	—	New“3,500”	—	—	—	—
Tía María estimated capital budget	—	—	—	—	—	New“$1.8 billion”	—	—
Tia Maria expected contribution in taxes and royalties	—	—	New“$3.8 billion in taxes and royalties”	—	—	—	—	—
Tia Maria expected exports	—	—	New“$18.2 billion”	—	—	—	—	—
Tía María expected exports	—	—	—	New“$18.2 billion”	—	—	—	—
Tia Maria expected exports and tax/royalty contribution	New“we expect to export $17.5 billion and contribute $3.4 billion in taxes and royalties during the first 20 years of operation”	—	—	—	—	—	—	—
Tia Maria expected taxes and royalties	—	—	—	—	New“$3.8 billion”	—	—	—
Tía María expected taxes and royalties contribution	—	—	—	New“$3.8 billion”	—	—	—	—
Tia Maria historical capital budget (under review, to be updated)	New“historical capital budget for Tia Maria of $1.4 billion”	—	—	—	—	—	—	—
Tía María operations start	—	—	—	—	—	—	—	New“2H27”
Tia Maria production capacity	—	—	New“120,000 tons of SX- EW copper cathodes per year”	—	—	—	Reiterated“120,000 tonnes of SX-EW copper cathodes per year”	—
Tía María production capacity	—	—	—	New“120,000 tonnes of SX- EW copper cathodes per year”	—	Reiterated“120,000 tonnes of SX- EW copper cathodes per year”	—	—
Tia Maria project budget	—	New“$1,802 million”	Reiterated“$1,802 million”	—	Reiterated“$1,802 million”	—	—	—
Tía María project budget	—	—	—	New“$1,802 million”	—	—	—	—
Tia Maria projected exports	—	—	—	—	—	New“US$20.2 billion”	—	—
Tia Maria projected taxes and royalties	—	—	—	—	—	New“US$4.6 billion”	—	—
Tía María refined copper production	—	—	—	—	—	—	—	New“120,000 metric tonnes of refined copper”

Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.