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Home/News Feed/Southern Copper declares stock dividend after record Q2 with net income up 72%.

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Southern Copper declares stock dividend after record Q2 with net income up 72%.

Company Fundamentals

04 Aug 2026

Gordon Thompson

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Bullish

Southern Copper Corporation announced a stock dividend of 253 shares for every 250 shares held following a record second quarter. The company reported net sales of $4.29 billion, a 40.6% increase year-over-year, and net income rose 71.6% to $1.67 billion. Despite a 3.5% decline in copper production due to lower ore grades in Peru, Southern Copper raised its 2026 copper production target to approximately 917,000 tons and continues to advance key projects like Tía María in Peru. This strong performance exceeded analyst expectations and highlights the company's growth prospects amid rising metal prices.

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Southern Copper posts record Q2 earnings despite mixed analyst ratings and declares dividends.

Southern Copper Corporation reported record Q2 2026 revenue of $4.29 billion and net income of $1.67 billion, driven by higher metal prices despite lower copper sales volumes. The company declared a quarterly cash dividend of $1.10 per share and a sm...

Company Fundamentals

Bullish

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