Southern Copper Corporation (NYSE:SCCO) reported mixed Q2 2025 results with lower sales but higher net income growth. Net sales decreased 2% to $3.05 billion, while net income increased 2% to $973 million. Operating costs were reduced by 3%, with copper production down 1% and molybdenum production up 4%.
To enhance production capacity, Southern Copper initiated a capital investment program with projects like Tía María in Peru and Michiquillay expected to add 156,000 tons of copper production. The company focuses on copper production and operates mines, smelting, and refining facilities primarily in Peru and Mexico.
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Read more at Yahoo Finance: Southern Copper’s (SCCO) Cost Reductions Payoff as Net Income Grows
