Southern Copper reported a 15% increase in silver production in Q2 2025 compared to Q2 2024. Refined silver production rose by 1%. Zinc production increased by 56%, totaling 45,899 tons in the quarter. Sales were $3.1 billion, 2% lower than last year. Operating costs decreased by 3%. Adjusted EBITDA for Q2 2025 was $1,791 million, a slight drop from last year. Net income for the quarter was $973 million, a 2% increase from 2024. Operating cash cost per pound of copper increased by 3% to $2.11. Cash cost, including by-product credits, was $0.63 per pound, 18% lower than the first quarter of 2025. Total credits for by-products increased by 15%. Net income for the first half of 2025 was 14% higher than last year at $973 million. Cash flow from operating activities in the first half of 2025 increased by 5% to $1,698 million. Investments in Peruvian projects could exceed $10.3 billion in the next decade. The Tia Maria project generated 1,376 jobs, with 802 filled by locals. Southern Copper plans to fill 3,500 construction jobs for the Tia Maria project with local workers, aiming to generate 764 direct jobs and 5,900 indirect jobs when operations begin in 2027. Progress on access roads and platforms is at 90%, with 59 km of live fence installed for property delimitation. The Los Chancas project signed a framework agreement with the Tiaparo Peasant Community, marking an important step in development. For the Michiquillay project, exploration has progressed to 45%, with drilling and core samples submitted for analysis. In Mexico, SCC is working to obtain permits and invest $10.2 billion in projects. Youth Orchestras and Choirs in Mexico receive master classes from professionals at the Academy of Music of the Palacio de Mineria, showcasing the company’s dedication to cultural and educational development. SCC also offers scholarships to exceptional students pursuing Orchestral Conducting and Pedagogy at the Instituto Superior de Musica de Puebla. In other news, Southern Copper Corporation announced a quarterly cash dividend of $0.80 per share of common stock and a stock dividend of 0.0101 shares of common stock per share, payable on September 4, 2025. Questions regarding realized copper prices, cash costs, and investments were addressed during a recent conference call with investors. Raul Jacob of a mining company discusses honoring COMEX contracts and potential tariffs on copper exports to the U.S. The company expects to start production at Tia Maria in the first half of 2027. CapEx for the year is estimated to be $1.6 billion with a focus on Tia Maria and other maintenance projects. Future production estimates for 2027 are under review. The company has scheduled major maintenance at the Cuajone mine in Peru. Grupo Mexico is planning major maintenance at the Ilo smelter in Peru and expects to sell more copper concentrates to maintain sales levels. The company also noted low treatment and refining charges are benefiting operations. In Mexico, Buenavista zinc concentrator is prioritizing zinc over copper production due to higher value. This decision has led to increased zinc sales but lower copper production. Grupo Mexico’s current production guidance for 2025 is 965,000 tons of copper, reflecting the focus on zinc production at Buenavista. The company aims to maintain a competitive cash cost in the second half of the year, despite the maintenance activities. In 2025, production plans include over 900,000 tons, with forecasts reaching 1.6 million tons by 2032. Buenavista mine will focus on zinc over copper due to profitability, expecting 110,700 tons of zinc this year. A drop in copper sales in Q2 was due to selling inventories from 2024. Cuajone expansion project is pending Board approval in 2026, with a focus on securing necessary water sources. Ongoing assessments will determine ore grades and profitability. The company is exploring various options to ensure project success. Southern Copper held a conference call to discuss their second-quarter results for 2025. Analysts did not include Southern Copper in their list of the top 10 stocks to buy now. The Motley Fool highlights the potential for high returns on selected stocks. Stock Advisor has a total average return of 920%, outperforming the S&P 500. The article provides a transcript of the conference call and reminds investors to conduct their own research. The Motley Fool has no position in the mentioned stocks and emphasizes a disclosure policy for investors.

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