Southern Copper posts record $4.3B profit on higher metal prices; capex surges 29% for Tia Maria

Filed February 27, 2026 · Period ending December 31, 2025 · Compared to 10-K Mar 3, 2025 · ~2 min read

Key Changes

• high

  Net income rose 28% to record $4.3B in 2025 on higher copper (+9%), silver (+42%), and molybdenum (+4%) prices; operating cash cost fell 34% to $0.58/lb as by-product revenues jumped 27%.

  MD&A: Financial Results verify on EDGAR →
• high

  Capital spending increased 29% to $1.3B, driven by Tia Maria project ($117M vs. $15M prior year) now 24% complete and targeting 2027 startup; 2026 capex budget approved at $1.9B, up 45%.

  MD&A: Capital Investments verify on EDGAR →
• high

  Quarterly cash dividend raised 43% to $1.00/share (from $0.70); total 2025 dividends paid reached $2.5B, up 52% year-over-year, reflecting strong cash generation.

  MD&A: Dividends verify on EDGAR →