Southern Copper Q4 revenue rises 39% year-on-year, beating expectations, driven by increased metal sales and higher prices

Glonghui, January 29｜Southern Copper Corporation announced its fourth quarter results, with revenue increasing by 39% year-on-year to $3.87 billions, surpassing analysts’ consensus estimate of $3.73 billions; net profit rose by 64.7% year-on-year to $1.31 billions, and adjusted earnings per share were $1.56, exceeding analysts’ expectations of $1.54. The strong performance was mainly driven by increased sales of copper, molybdenum, zinc, and silver, as well as price increases for all major products.