Southern Copper Corporation (NYSE and BVL: SCCO) has reported its financial results for the second quarter and first six months of 2025. The company's 2Q25 net sales were $3.051 billion, which is a 2.2% decrease compared to the $3.118 billion in 2Q24. This decline was mainly due to a reduction in sales volumes for copper by 3.0% and unfavorable metal price variances for copper, molybdenum, and zinc. However, these were partially offset by increased sales volumes for zinc, molybdenum, and silver, along with higher silver prices. Net income for 2Q25 was $973.4 million, representing a 2.4% increase from the $950.2 million reported in 2Q24. The net income margin improved by 1.4 percentage points to 31.9%. For the first six months of 2025, net income reached $1.919 billion, up 13.8% from $1.686 billion in the same period of 2024. The adjusted EBITDA for 2Q25 was $1.791 billion, slightly down by 0.3% from $1.797 billion in 2Q24. Nevertheless, the adjusted EBITDA margin improved by 1.1 percentage points to 58.7%. Southern Copper's current capital investment program for the decade exceeds $15 billion, focusing on projects in Peru and Mexico. Despite market volatility and uncertainty, especially concerning U.S. trade policy developments, the company remains confident in its ability to navigate potential impacts due to its strong operational and financial performance.
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