Market Summary
USD74.50-0.23
Market Closed-0.31%
SCCO Stock Price
SCCO RSI Chart
SCCO Valuation
SCCO Price/Sales (Trailing)
SCCO Profitability
SCCO Fundamentals
SCCO Revenue
SCCO Earnings
Price Action
52 Week Range
42.0287.59
(Low)(High)
Last 7 days
-6.3%
Last 30 days
-8.2%
Last 90 days
4.9%
Trailing 12 Months
65.6%
SCCO Financial Health
SCCO Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for SCCO
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-14 | Castillo Sanchez Mejorada Enrique | sold | -195,744 | 81.56 | -2,400 | - |
2023-07-31 | PALOMINO BONILLA LUIS MIGUEL | sold | -43,555 | 87.11 | -500 | - |
2023-07-27 | PALOMINO BONILLA LUIS MIGUEL | acquired | - | - | 400 | - |
2023-07-27 | SACRISTAN CARLOS RUIZ | acquired | - | - | 400 | - |
2023-07-27 | Contreras Lerdo de Tejada Leonardo | acquired | - | - | 400 | - |
2023-07-27 | ARIZTEGUI ANDREVE VICENTE | acquired | - | - | 400 | - |
2023-07-27 | VELASCO GERMAN LARREA MOTA | acquired | - | - | 400 | chairman of the board |
2023-07-27 | Castillo Sanchez Mejorada Enrique | acquired | - | - | 400 | - |
2023-07-27 | CIFUENTES GILBERTO PEREZALONSO | acquired | - | - | 400 | - |
2023-07-27 | TOPETE XAVIER GARCIA DE QUEVEDO | acquired | - | - | 400 | - |
Which funds bought or sold SCCO recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-21 | Baystate Wealth Management LLC | unchanged | - | -133 | 2,782 | -% |
2023-09-20 | BARCLAYS PLC | added | 18.12 | 232,000 | 2,313,000 | -% |
2023-09-12 | Farther Finance Advisors, LLC | added | 9.76 | 102 | 3,228 | -% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | unchanged | - | -4,646 | 73,892 | 0.02% |
2023-08-30 | CHAPIN DAVIS, INC. | new | - | 277,567 | 277,567 | 0.13% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | 2,957 | 31,664 | -% |
2023-08-24 | Alberta Investment Management Corp | added | 274 | 1,283,140 | 1,792,570 | 0.02% |
2023-08-24 | ProVise Management Group, LLC | added | 23.22 | 36,934 | 268,810 | 0.02% |
2023-08-24 | Arlington Capital Management, Inc. | added | 2.23 | -58,334 | 1,467,920 | 1.27% |
2023-08-23 | Stonebridge Capital Advisors LLC | unchanged | - | -90.00 | 1,435 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Recent SEC filings of Southern Copper
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 16, 2023 | 4 | Insider Trading | |
| Aug 14, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 01, 2023 | 4 | Insider Trading | |
| Aug 01, 2023 | 10-Q | Quarterly Report | |
| Jul 31, 2023 | 4 | Insider Trading | |
| Jul 31, 2023 | 4 | Insider Trading | |
| Jul 31, 2023 | 4 | Insider Trading | |
| Jul 31, 2023 | 4 | Insider Trading | |
| Jul 31, 2023 | 4 | Insider Trading | |
| Jul 31, 2023 | 4 | Insider Trading |
SCCO Fair Value
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Peers (Alternatives to Southern Copper)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
SCCO | 57.6B | 10.1B | -8.22% | 65.55% | 20.63 | 5.72 | -4.76% | -4.71% |
FCX | 53.3B | 21.9B | -5.37% | 31.72% | 16.08 | 2.44 | -9.80% | -44.93% |
NUE | 38.8B | 37.5B | -8.31% | 40.68% | 7 | 1.04 | -12.82% | -38.59% |
NEM | 32.2B | 11.2B | 3.96% | -4.14% | -42.46 | 2.87 | -9.46% | -195.71% |
STLD | 17.4B | 20.5B | -1.74% | 39.33% | 5.76 | 0.85 | -7.79% | -31.70% |
| MID-CAP | ||||||||
CLF | 7.6B | 22.0B | -4.68% | 2.55% | 27.51 | 0.34 | -9.91% | -92.35% |
AA | 6.5B | 10.9B | -1.60% | -24.11% | -9.33 | 0.55 | -18.81% | -240.88% |
HL | 2.4B | 718.8M | -9.75% | 0.47% | -51.71 | 3.37 | -4.97% | -3169.79% |
X | - | 19.0B | 2.17% | 64.05% | - | - | -17.70% | -72.82% |
| SMALL-CAP | ||||||||
NG | 1.7B | - | 4.57% | -2.03% | -31.4 | - | - | -14.17% |
CDE | 850.9M | 757.6M | -11.67% | -24.33% | -13.02 | 1.12 | -6.28% | 51.69% |
THM | 74.0M | 478.3K | -6.60% | -24.02% | -23.89 | 154.8 | -16.24% | 32.32% |
TMQ | 71.1M | 1.3M | -4.08% | -22.40% | -3.09 | 53.92 | 75.63% | -0.91% |
PZG | 13.8M | - | -5.86% | -9.71% | -2.03 | 50.34 | 2360.48% | 8.26% |
XPL | 37.6M | - | -5.51% | 5.45% | -11.97 | 302.56 | - | 6.90% |
Southern Copper News
Returns for SCCO
Cumulative Returns on SCCO
13.5%
10-Year Cumulative Returns
20.6%
7-Year Cumulative Returns
16.0%
5-Year Cumulative Returns
22.9%
3-Year Cumulative Returns
Risks for SCCO
What is the probability of a big loss on SCCO?
88.5%
Probability that Southern Copper stock will be more than 20% underwater in next one year
56.1%
Probability that Southern Copper stock will be more than 30% underwater in next one year.
37.7%
Probability that Southern Copper stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does SCCO drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Southern Copper was unfortunately bought at previous high price.
Drawdowns
Financials for Southern Copper
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -0.1% | 10,072 | 10,078 | 10,048 | 10,051 | 10,575 | 11,165 | 10,934 | 10,461 | 9,909 | 8,798 | 7,985 | 7,489 | 7,219 | 7,252 | 7,286 | 7,126 | 7,020 | 7,039 | 7,126 | 7,296 | 7,219 |
| Cost Of Revenue | -2.1% | 4,687 | 4,786 | 4,649 | 4,480 | 4,270 | 4,008 | 3,894 | 3,905 | 3,927 | 3,918 | 3,930 | 3,870 | 3,828 | 3,718 | 3,606 | 3,475 | 3,392 | 3,377 | 3,409 | 3,375 | 3,332 |
| Costs and Expenses | -1.7% | 5,660 | 5,759 | 5,612 | 5,455 | 5,258 | 4,982 | 4,869 | 4,860 | 4,872 | 4,859 | 4,864 | 4,803 | 4,763 | 4,659 | 4,533 | 4,381 | 4,262 | 4,207 | 4,216 | 4,179 | 4,136 |
| S&GA Expenses | 0.1% | 125 | 125 | 125 | 124 | 125 | 125 | 125 | 125 | 127 | 127 | 126 | 134 | 133 | 132 | 132 | 117 | 112 | 107 | 103 | 101 | 100 |
| EBITDA | -100.0% | - | 5,336 | 5,424 | - | 5,797 | 7,011 | 6,883 | - | - | 4,742 | 3,905 | 3,408 | 3,197 | 3,371 | 3,548 | 3,569 | 3,535 | 3,561 | - | - | - |
| EBITDA Margin | -100.0% | - | 0.53* | 0.54* | - | 0.55* | 0.63* | 0.63* | - | - | 0.54* | 0.49* | 0.46* | 0.44* | 0.46* | 0.49* | 0.50* | 0.51* | 0.51* | - | - | - |
| Interest Expenses | - | - | - | 380 | - | - | - | 380 | - | - | - | 384 | - | - | - | 357 | - | - | - | 357 | - | - |
| Earnings Before Taxes | 2.8% | 4,268 | 4,152 | 4,248 | 4,312 | 4,981 | 5,829 | 5,697 | 5,241 | 4,666 | 3,576 | 2,746 | 2,285 | 2,070 | 2,239 | 2,427 | 2,453 | 2,448 | 2,510 | 2,589 | 2,791 | 2,783 |
| EBT Margin | -100.0% | - | 0.41* | 0.42* | 0.43* | 0.47* | 0.52* | 0.52* | 0.50* | 0.47* | 0.41* | 0.34* | 0.31* | 0.29* | 0.31* | 0.33* | - | - | - | - | - | - |
| Net Income | 4.3% | 2,792 | 2,676 | 2,648 | 2,579 | 2,930 | 3,432 | 3,411 | 3,167 | 2,804 | 2,129 | 1,578 | 1,292 | 1,175 | 1,319 | 1,492 | 1,479 | 1,459 | 1,466 | 1,548 | 968 | 1,000 |
| Net Income Margin | -100.0% | - | 0.27* | 0.26* | 0.26* | 0.28* | 0.31* | 0.31* | 0.30* | 0.28* | 0.24* | 0.20* | 0.17* | 0.16* | 0.18* | 0.20* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 2,186 | 1,854 | 2,094 | 2,709 | 3,466 | 3,400 | 3,221 | 2,903 | 2,367 | 2,191 | 1,709 | 1,453 | 1,380 | 1,204 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -2.2% | 16,940 | 17,323 | 17,277 | 17,083 | 17,122 | 17,899 | 18,298 | 18,110 | 17,695 | 17,218 | 16,947 | 16,248 | 15,805 | 16,212 | 16,407 | 16,494 | 15,345 | 15,543 | 14,288 | 14,317 | 14,046 |
| Current Assets | -8.2% | 4,770 | 5,198 | 5,188 | 4,959 | 4,969 | 5,769 | 6,140 | 5,891 | 5,512 | 5,036 | 4,815 | 4,338 | 3,860 | 4,140 | 4,185 | 4,178 | 3,098 | 3,182 | 3,180 | 3,273 | 3,170 |
| Cash Equivalents | -4.4% | 2,199 | 2,300 | 2,070 | 2,185 | 2,113 | 2,847 | 3,002 | 2,584 | 2,394 | 2,267 | 2,184 | 2,145 | 1,809 | 2,052 | 1,925 | 1,935 | 752 | 737 | 845 | 967 | 1,033 |
| Inventory | 0.4% | 985 | 982 | 1,014 | 1,053 | 1,072 | 1,030 | 973 | 913 | 894 | 881 | 950 | 977 | 980 | 1,079 | 1,069 | 1,062 | 1,069 | 1,036 | 1,033 | 1,008 | 1,004 |
| Net PPE | 0.8% | 9,688 | 9,614 | 9,597 | 9,555 | 9,522 | 9,493 | 9,464 | 9,476 | 9,456 | 9,454 | 9,459 | 9,145 | 9,197 | 9,289 | 9,371 | 9,395 | 9,415 | 9,384 | 9,404 | 9,312 | 9,173 |
| Current Liabilities | -15.0% | 1,061 | 1,247 | 1,236 | 1,485 | 1,508 | 1,726 | 2,250 | 1,789 | 1,452 | 1,375 | 1,385 | 1,162 | 892 | 1,387 | 1,477 | 1,432 | 1,385 | 1,123 | 1,216 | 1,208 | 1,006 |
| LT Debt, Current | - | - | - | - | 300 | 300 | 300 | 300 | - | - | - | - | - | - | 400 | 400 | 400 | 400 | - | - | - | - |
| LT Debt, Non Current | 0.0% | 6,253 | 6,252 | 6,251 | 6,250 | 6,250 | 6,249 | 6,248 | 6,547 | 6,546 | 6,545 | 6,544 | 6,543 | 6,543 | 6,542 | 6,541 | 6,540 | 5,562 | 5,961 | 5,960 | 5,959 | 5,959 |
| Shareholder's Equity | -3.5% | 7,900 | 8,188 | 8,084 | 7,567 | 7,687 | 8,221 | 8,208 | 8,153 | 7,973 | 7,578 | 7,276 | 7,069 | 6,870 | 6,763 | 6,858 | 6,870 | 6,789 | 6,693 | 6,613 | 6,631 | 6,569 |
| Retained Earnings | -2.9% | 7,517 | 7,742 | 7,702 | 7,187 | 7,247 | 7,781 | 7,770 | 7,710 | 7,538 | 7,146 | 6,846 | 6,643 | 6,446 | 6,341 | 6,436 | 6,439 | 6,359 | 6,266 | 6,187 | 6,203 | 6,143 |
| Additional Paid-In Capital | 0.5% | 3,515 | 3,498 | 3,490 | 3,478 | 3,473 | 3,468 | 3,454 | 3,460 | 3,455 | 3,440 | 3,442 | 3,426 | 3,418 | 3,411 | 3,425 | 3,416 | 3,408 | 3,400 | 3,394 | 3,392 | 3,383 |
| Shares Outstanding | 0% | 773 | 773 | - | 773 | 773 | 773 | - | 773 | 773 | 773 | 773 | 773 | 773 | 773 | 773 | 773 | 773 | 773 | 773 | 773 | 773 |
| Minority Interest | -0.9% | 63.00 | 64.00 | 63.00 | 61.00 | 60.00 | 60.00 | 59.00 | 57.00 | 55.00 | 53.00 | 51.00 | 50.00 | 48.00 | 47.00 | 48.00 | 49.00 | 48.00 | 46.00 | 45.00 | 44.00 | 43.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 15.4% | 3,654 | 3,167 | 2,803 | 2,948 | 3,579 | 4,331 | 4,292 | 4,160 | 3,733 | 3,091 | 2,784 | 2,229 | 2,021 | 2,016 | 1,912 | 1,817 | 1,964 | 1,957 | 2,235 | 2,485 | 2,189 |
| Cashflow From Investing | -7.2% | -763 | -712 | -666 | -231 | -560 | -860 | -972 | -1,530 | -1,349 | -1,092 | -915 | -547 | -479 | -461 | -574 | -590 | -992 | -1,167 | -1,296 | -1,360 | -1,095 |
| Cashflow From Financing | 6.4% | -2,818 | -3,010 | -3,011 | -3,098 | -3,215 | -2,789 | -2,480 | -2,093 | -1,704 | -1,717 | -1,563 | -1,486 | -510 | -264 | -262 | -260 | -1,237 | -1,159 | -1,083 | -967 | -766 |
| Dividend Payments | -7.1% | 2,513 | 2,706 | 2,706 | 3,092 | 3,208 | 2,783 | 2,474 | 2,087 | 1,701 | 1,314 | 1,160 | 1,082 | 1,082 | 1,237 | 1,237 | 1,237 | 1,237 | 1,160 | 1,082 | 966 | 765 |
SCCO Income Statement
2023-06-30CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS | ||||
| Net sales (including sales to related parties, see note 5) | $ 2,300.7 | $ 2,306.9 | $ 5,094.6 | $ 5,070.7 |
| Operating cost and expenses: | ||||
| Cost of sales (exclusive of depreciation, amortization and depletion shown separately below) | 1,147.7 | 1,246.7 | 2,341.9 | 2,304.4 |
| Selling, general and administrative | 31.0 | 30.9 | 61.4 | 61.2 |
| Depreciation, amortization and depletion | 209.2 | 209.0 | 412.9 | 405.6 |
| Exploration | 12.1 | 11.8 | 24.0 | 20.9 |
| Total operating costs and expenses | 1,400.0 | 1,498.4 | 2,840.2 | 2,792.1 |
| Operating income | 900.7 | 808.5 | 2,254.4 | 2,278.6 |
| Interest expense | (94.0) | (96.6) | (188.2) | (195.1) |
| Capitalized interest | 12.4 | 11.4 | 23.9 | 22.1 |
| Other income | 5.6 | 3.9 | 16.1 | 15.7 |
| Interest income | 23.2 | 4.3 | 44.5 | 8.9 |
| Income before income taxes | 847.9 | 731.5 | 2,150.7 | 2,130.2 |
| Income taxes (including royalty taxes, see Note 4) | 294.5 | 296.4 | 774.9 | 908.5 |
| Net income before equity earnings of affiliate | 553.4 | 435.1 | 1,375.8 | 1,221.7 |
| Equity (loss) earnings of affiliate, net of income tax | (3.8) | (0.9) | (10.2) | 0.4 |
| Net income | 549.6 | 434.2 | 1,365.6 | 1,222.1 |
| Less: Net income attributable to the non-controlling interest | 2.1 | 1.9 | 4.9 | 5.0 |
| Net income attributable to SCC | $ 547.5 | $ 432.3 | $ 1,360.7 | $ 1,217.1 |
| Per common share amounts attributable to SCC: | ||||
| Net earnings-basic | $ 0.71 | $ 0.56 | $ 1.76 | $ 1.57 |
| Net earnings-diluted | $ 0.71 | $ 0.56 | $ 1.76 | $ 1.57 |
| Weighted average shares outstanding-basic | 773.1 | 773.1 | 773.1 | 773.1 |
| Weighted average shares outstanding-diluted | 773.1 | 773.1 | 773.1 | 773.1 |
SCCO Balance Sheet
2023-06-30CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 2,199.0 | $ 2,069.7 |
| Short-term investments | 0.3 | 208.3 |
| Accounts receivable trade | 1,067.9 | 1,394.1 |
| Accounts receivable other (including related parties 2023- $21.4 and 2022 - $33.3) | 89.4 | 79.7 |
| Inventories | 985.3 | 1,013.9 |
| Prepaid taxes | 386.2 | 377.6 |
| Other current assets | 41.5 | 44.4 |
| Total current assets | 4,769.6 | 5,187.7 |
| Property and mine development, net | 9,688.1 | 9,596.6 |
| Ore stockpiles on leach pads | 1,077.4 | 1,064.3 |
| Intangible assets, net | 132.4 | 134.7 |
| Right-of-use assets | 813.6 | 851.4 |
| Deferred income tax | 235.7 | 237.3 |
| Equity method investment | 100.2 | 110.8 |
| Other non-current assets | 122.5 | 94.6 |
| Total assets | 16,939.5 | 17,277.4 |
| Current liabilities: | ||
| Accounts payable (including related parties 2023- $129.7 and 2022- $120.2) | 610.1 | 657.6 |
| Accrued income taxes | 85.0 | 138.1 |
| Accrued workers' participation | 140.2 | 236.3 |
| Accrued interest | 97.1 | 97.1 |
| Lease liabilities current | 74.9 | 77.3 |
| Other accrued liabilities | 53.3 | 29.3 |
| Total current liabilities | 1,060.6 | 1,235.7 |
| Long-term debt | 6,252.9 | 6,251.2 |
| Lease liabilities | 738.7 | 774.1 |
| Deferred income taxes | 191.1 | 161.2 |
| Non-current taxes payable | 52.0 | 40.6 |
| Other liabilities and reserves | 83.7 | 82.4 |
| Asset retirement obligation | 597.9 | 585.3 |
| Total non-current liabilities | 7,916.3 | 7,894.8 |
| Commitments and contingencies (Note 10) | ||
| STOCKHOLDERS' EQUITY (NOTE 11) | ||
| Common stock par value $0.01; shares authorized, 2023 and 2022-2,000; shares issued, 2023 and 2022-884.6 | 8.8 | 8.8 |
| Additional paid-in capital | 3,514.8 | 3,489.7 |
| Retained earnings | 7,516.8 | 7,702.3 |
| Accumulated other comprehensive income | (9.0) | (9.0) |
| Treasury stock, at cost, common shares | (3,131.8) | (3,107.6) |
| Total Southern Copper Corporation stockholders' equity | 7,899.6 | 8,084.2 |
| Non-controlling interest | 63.0 | 62.7 |
| Total equity | 7,962.6 | 8,146.9 |
| Total liabilities and equity | $ 16,939.5 | $ 17,277.4 |
Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc and lead. It operates the Toquepala and Cuajone open-pit mines, and a smelter and refinery in Peru; and La Caridad, an open-pit copper mine, as well as a copper ore concentrator, a SX-EW plant, a smelter, refinery, and a rod plant in Mexico. The company also operates Buenavista, an open-pit copper mine, as well as two copper concentrators and two operating SX-EW plants in Mexico. In addition, it operates five underground mines that produce zinc, lead, copper, silver, and gold; a coal mine that produces coal and coke; and a zinc refinery. The company has interests in 82,134 hectares of exploration concessions in Peru; 493,533 hectares of exploration concessions in Mexico; 246,346 hectares of exploration concessions in Argentina; 29,888 hectares of exploration concessions in Chile; and 7,299 hectares of exploration concessions in Ecuador. Southern Copper Corporation was incorporated in 1952 and is based in Phoenix, Arizona. Southern Copper Corporation is a subsidiary of Americas Mining Corporation.