• Southern Copper 1Q26 results call featured CFO Raul Jacob alongside newly appointed CEO Leonardo Contreras, with management noting death of Executive President and CEO Oscar Gonzalez Rocha on April 7.
• Net income hit record USD 1.58 billion, up 67% year over year, on USD 4.3 billion sales, up 36%, with adjusted EBITDA of USD 2.71 billion and margin of 64%.
• Operating cash cost including byproduct credits fell to minus USD 0.11 per lb from USD 0.51 in 4Q25, with management attributing negative cash cost to byproduct revenue of about USD 1.2 billion exceeding copper production costs.
• Management forecast a 2026 copper market deficit of 315,000 tons, with global inventories at 1.2 million tons, seen covering about 16 days of demand.
• Company maintained 2026 copper output view of 915,000 tons, with 1Q production down 4% to 230,544 tons, while Tia Maria project progress reached 33% with operations expected to start in 3Q27.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Southern Copper Corporation published the original content used to generate this news brief on May 04, 2026, and is solely responsible for the information contained therein.