Southern Copper: 3 Key Takeaways for Long-Term Investors

Southern Copper reported record Q3 2026 net sales of $4.7 billion with a 39% increase year-over-year. The company achieved a 98% reduction in net cash costs per pound to $0.01 through high by-product credits from molybdenum, silver, and zinc sales. Management outlined plans to exceed 1 million tons of annual copper production through the Tia Maria and El Pilar projects, which will add 156,000 tons of refined copper, while evaluating a 33% expansion of milling capacity at the Cuajone facility.