Past year: ▲ 48%(132.39 – 216.14 USD)
Each one in plain English, with the numbers worked through for a shareholder.
25 June 2026debt financing▲ GoodMajor
Southern Copper completed a $1.25 billion offering of 5.350% unsecured notes due 2036 on June 24, 2026. The proceeds go to its Peruvian branch for developing the Tia Maria project, its capital expenditure program and general corporate purposes, including working capital.
23 Oct 2018dividend declaration● Neutral
Southern Copper declared a quarterly dividend of $0.40 per share, payable November 21, 2018 to holders of record on November 7. Grupo Mexico owned 88.9% of the company and the remaining 11.1% was held by other investors.
24 Apr 2015debt financing● NeutralMajor
Southern Copper raised $2 billion in its largest bond offering to date ($500M due 2025, $1.5B due 2045), again for general corporate purposes and capital spending.
9 Nov 2012debt financing● NeutralMajor
Southern Copper raised another $1.5 billion in a bond offering ($300M due 2022, $1.2B due 2042) for general corporate purposes and its ongoing capital expenditure program.
30 Jan 2012dividend declaration● Neutral
With the AMC combination proposal now withdrawn, Southern Copper declared a combined cash-and-stock dividend: $0.19 per share in cash plus a stock dividend of 0.0107 shares per share held.
2 Nov 2011business combination● NeutralMajor
Grupo Mexico withdrew AMC's 15-month-old proposal to combine Southern Copper with AMC and ASARCO, following discussions with Southern Copper's special committee of independent directors. The all-stock combination -- which would have folded ASARCO into the public company -- will not proceed; Southern Copper and ASARCO remain separately held.
9 Aug 2011merger communication● Neutral
Southern Copper posted its own Q2 2011 earnings-call transcript, again tied to the pending-combination filing rules.
4 Aug 2011merger communication● Neutral
AMC and Grupo Mexico posted their Q2 2011 earnings-call transcript referencing the pending combination, with no new terms.
27 Apr 2011merger communication● Neutral
Southern Copper filed an 8-K with the transcript of its April 19 first quarter 2011 call. Copper mined production rose 13.7% to 124,000 tons and EBITDA was $842 million, with 2011 guidance of 630,000 tons maintained.
20 Apr 2011merger communication● Neutral
AMC and Grupo Mexico filed a transcript of Grupo Mexico's April 19 first quarter 2011 conference call. It covered record revenue of over $2.5 billion, copper hedging and maintained 2011 production guidance of 830,000 tons.
19 Apr 2011merger communication● Neutral
AMC and Grupo Mexico filed Grupo Mexico's first quarter 2011 results under Rule 425. Sales were US$2.505 billion and net earnings US$532 million, and the Tia Maria project in Peru was suspended after protests.
19 Apr 2011merger communication▼ BadMajor
Southern Copper reported Q1 2011 results and declared a $0.56/share dividend. Separately, it disclosed that Peru's government suspended the Tia Maria copper project after activist disruptions and environmental objections; the company said it would keep working with regulators to address concerns and resume the project.
10 Feb 2011merger communication● Neutral
Southern Copper posted its own Q4/full-year 2010 earnings-call transcript, again filed under the pending-combination securities rules.
9 Feb 2011merger communication● Neutral
A further AMC/Grupo Mexico earnings-call transcript filing related to the pending combination, with no new terms.
7 Feb 2011merger communication● Neutral
AMC and Grupo México filed under Rule 425 a Grupo México press release on fourth-quarter 2010 results. It said the SCC special committee was still evaluating the proposal to combine SCC and Asarco, with no new terms.
3 Feb 2011merger communication● Neutral
Southern Copper reported Q4/full-year 2010 results and declared a $0.58/share dividend, filed under the securities rules covering the pending AMC combination.
2 Nov 2010merger communication● Neutral
AMC and Grupo Mexico posted an earnings-call transcript touching on the pending combination, with no new terms.
2 Nov 2010merger communication● Neutral
A duplicate filing of the same AMC/Grupo Mexico earnings-call transcript.
13 Aug 2010merger communication● Neutral
Southern Copper disclosed that on August 10, 2010 it formed a special committee of three independent directors to evaluate the non-binding combination proposal from its parent, Americas Mining Corporation. No new terms were given.
6 Aug 2010merger communication● Neutral
Southern Copper posted the transcript of its Q2 2010 earnings call, filed under the securities rules covering the pending AMC combination.
2 Aug 2010merger communication● Neutral
Grupo Mexico's own earnings call touched on the pending Southern Copper/AMC combination; no new terms were disclosed.
29 July 2010merger communication● Neutral
AMC and Grupo México filed under Rule 425 a legal notice plus Grupo México's July 28, 2010 second-quarter results release. It restated the AMC proposal (1.237 AMC shares per Southern Copper share) and reported net earnings of US$310 million.
29 July 2010merger communication● Neutral
Grupo México filed its July 23, 2010 announcement that its subsidiary Americas Mining Corporation had proposed, non-bindingly, an all-stock combination with Southern Copper. Public holders would receive 1.237 AMC shares per Southern Copper share and would own about 16.6% of AMC.
23 July 2010merger communication● Neutral
Grupo Mexico's subsidiary AMC made a non-binding proposal to combine with Southern Copper in an all-stock deal, offering public holders 1.237 AMC shares per Southern Copper share. Public holders would own about 16.6% of AMC, which owns ASARCO, and the offer was subject to conditions including a definitive agreement.
23 July 2010business combination● NeutralMajor
Southern Copper's controlling parent, Americas Mining Corporation (AMC, a Grupo Mexico subsidiary), proposed an all-stock combination of Southern Copper and AMC -- which also owns U.S. copper miner ASARCO -- offering public Southern Copper shareholders 1.237 AMC shares per Southern Copper share. The deal would have folded ASARCO into the public company, but would also have diluted public shareholders' effective stake (from ~20% of Southern Copper to ~16.6% of the combined AMC).
19 Apr 2010material agreement● NeutralMajor
Southern Copper completed a $1.5 billion public bond offering, made up of $400 million of 5.375% notes due 2020 and $1.1 billion of 6.750% notes due 2040. Net proceeds of about $1.15 billion were to go to general corporate purposes, including its capital expenditure program.
22 Oct 2009dividend declaration● Neutral
Southern Copper reported Q3 2009 results (net sales down year-over-year on lower metal prices, but costs and margins improving) and declared an $0.18/share dividend. The company reaffirmed progress on its Tia Maria (Peru), Toquepala expansion, and El Arco growth projects.
26 Mar 2009auditor change● Neutral
Southern Copper switched auditors from PricewaterhouseCoopers to Deloitte's Mexican member firm (Galaz, Yamazaki, Ruiz Urquiza) after soliciting competing proposals -- a routine, voluntary change with no disagreements disclosed.
31 July 2007production update▼ BadMajor
Illegal work stoppages by a minority of workers halted operations at three of Southern Copper's Mexican mining units -- Cananea, Taxco and San Martin -- prompting the company to seek a government ruling that the strikes were unlawful.
