Shares of Southern Copper Corporation (SCCO) gained on Thursday morning after the mining company reported record fourth-quarter net sales and a sharp jump in profit, driven by higher metal prices and increased sales volumes across key products.
Fourth-quarter net sales rose 39% year-over-year to $3.87 billion, fueled by higher sales volumes of copper, molybdenum, zinc, and silver, as well as improved pricing for all major metals. Net income for the quarter surged 64.7% to $1.31 billion, while net income margin expanded to 33.8% from 28.5% a year ago.
For full-year 2025, net sales reached a record $13.42 billion, up 17.4% from 2024, supported by stronger prices and higher volumes, particularly for molybdenum, zinc, and silver. Annual net income rose 28.4% to a record $4.33 billion, reflecting improved operating efficiency and disciplined cost control.
Southern Copper shares were trading at $202.55, up $4.37, with volume slightly above average. The stock opened at $212.88 after closing Wednesday at $198.18.
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