JPM-Southern Copper Corporation Straight from the Call-20251029

Southern Copper just hosted its 3Q25 conference call. Overall, the company remains focused on operational efficiency, organic growth, and advancing its major projects in Peru and Mexico. For details on the reported figures, please check: Grupo Mexico & Southern Copper Corporation: 3Q25 Results: It’s All About Copper and By-Products; Positive. More details on the call below:

•Lower cash costs expected in 4Q25. Management expects a decrease in cash costs for the fourth quarter, primarily due to a partial recovery in production, especially at the Peruvian operations. The company is currently operating at about $2.23 per pound and anticipates cash costs to fall within the range of $2.15 to $2.20 per pound in the fourth quarter. This improvement is attributed to better production volumes and ongoing cost management. For 2026, cash costs are expected to remain stable or improve further, contingent on production recovery and byproduct prices.