Southern Copper reported record third-quarter results, with net sales of $4,696.6 million, up 39.1% on higher metal prices. Net income rose 62.7% to $1,801.8 million and adjusted EBITDA increased 53.9% to $3,040.2 million, with an adjusted EBITDA margin of 64.7%. Copper production fell 1.1% to 232,396 tons due to lower ore grades and recoveries at Peruvian operations, while the average LME copper price rose 44.4% to $6.41 per pound. The company plans more than $15 billion in capital investment this decade, and the Tia Maria project is now expected to start in the first half of 2028 because equipment assembly is taking longer; it also declared a quarterly cash dividend of $1.30 per share.
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