Past year: ▲ 48%(132.39 – 216.14 USD)
Each one in plain English, with the numbers worked through for a shareholder.
25 June 2026debt financing▲ GoodMajor
Southern Copper raised $1.25 billion of 5.35% notes due 2036, with the proceeds going to its Peruvian branch for the Tia Maria copper project, its wider capital-spending program and general working needs - money finally flowing towards a project stalled since 2011.
23 Oct 2018dividend declaration● Neutral
Southern Copper declared a $0.40/share quarterly dividend. Grupo Mexico's ownership stake had grown to 88.9%, leaving 11.1% publicly held.
24 Apr 2015debt financing● NeutralMajor
Southern Copper raised $2 billion in its largest bond offering to date ($500M due 2025, $1.5B due 2045), again for general corporate purposes and capital spending.
9 Nov 2012debt financing● NeutralMajor
Southern Copper raised another $1.5 billion in a bond offering ($300M due 2022, $1.2B due 2042) for general corporate purposes and its ongoing capital expenditure program.
30 Jan 2012dividend declaration● Neutral
With the AMC combination proposal now withdrawn, Southern Copper declared a combined cash-and-stock dividend: $0.19 per share in cash plus a stock dividend of 0.0107 shares per share held.
2 Nov 2011business combination● NeutralMajor
Grupo Mexico withdrew AMC's 15-month-old proposal to combine Southern Copper with AMC and ASARCO, following discussions with Southern Copper's special committee of independent directors. The all-stock combination -- which would have folded ASARCO into the public company -- will not proceed; Southern Copper and ASARCO remain separately held.
9 Aug 2011merger communication● Neutral
Southern Copper posted its own Q2 2011 earnings-call transcript, again tied to the pending-combination filing rules.
4 Aug 2011merger communication● Neutral
AMC and Grupo Mexico posted their Q2 2011 earnings-call transcript referencing the pending combination, with no new terms.
27 Apr 2011merger communication● Neutral
Southern Copper filed a routine legal notice about the pending combination, with no new terms.
20 Apr 2011merger communication● Neutral
AMC and Grupo Mexico re-filed the same earnings-related communication tied to the pending combination.
19 Apr 2011merger communication● Neutral
AMC and Grupo Mexico filed a routine legal notice about the pending combination.
19 Apr 2011merger communication▼ BadMajor
Southern Copper reported Q1 2011 results and declared a $0.56/share dividend. Separately, it disclosed that Peru's government suspended the Tia Maria copper project after activist disruptions and environmental objections; the company said it would keep working with regulators to address concerns and resume the project.
10 Feb 2011merger communication● Neutral
Southern Copper posted its own Q4/full-year 2010 earnings-call transcript, again filed under the pending-combination securities rules.
9 Feb 2011merger communication● Neutral
A further AMC/Grupo Mexico earnings-call transcript filing related to the pending combination, with no new terms.
7 Feb 2011merger communication● Neutral
AMC and Grupo Mexico posted another earnings-call transcript referencing the pending combination, with no new terms.
3 Feb 2011merger communication● Neutral
Southern Copper reported Q4/full-year 2010 results and declared a $0.58/share dividend, filed under the securities rules covering the pending AMC combination.
2 Nov 2010merger communication● Neutral
AMC and Grupo Mexico posted an earnings-call transcript touching on the pending combination, with no new terms.
2 Nov 2010merger communication● Neutral
A duplicate filing of the same AMC/Grupo Mexico earnings-call transcript.
13 Aug 2010merger communication● Neutral
Southern Copper filed a routine legal notice about the pending combination, with no new terms.
6 Aug 2010merger communication● Neutral
Southern Copper posted the transcript of its Q2 2010 earnings call, filed under the securities rules covering the pending AMC combination.
2 Aug 2010merger communication● Neutral
Grupo Mexico's own earnings call touched on the pending Southern Copper/AMC combination; no new terms were disclosed.
29 July 2010merger communication● Neutral
AMC and Grupo Mexico filed a standard legal notice about the pending combination, with no new deal terms.
29 July 2010merger communication● Neutral
Grupo Mexico re-issued the same press release on the proposed combination under its own name as a filer.
23 July 2010merger communication● Neutral
AMC and Grupo Mexico issued a press release with the same terms of the proposed Southern Copper/AMC/ASARCO combination.
23 July 2010business combination● NeutralMajor
Southern Copper's controlling parent, Americas Mining Corporation (AMC, a Grupo Mexico subsidiary), proposed an all-stock combination of Southern Copper and AMC -- which also owns U.S. copper miner ASARCO -- offering public Southern Copper shareholders 1.237 AMC shares per Southern Copper share. The deal would have folded ASARCO into the public company, but would also have diluted public shareholders' effective stake (from ~20% of Southern Copper to ~16.6% of the combined AMC).
19 Apr 2010material agreement● NeutralMajor
Southern Copper raised $1.5 billion in a public bond offering ($400M due 2020, $1.1B due 2040) to fund general corporate purposes, including capital spending on its growth pipeline (Tia Maria, Toquepala expansion, El Arco).
22 Oct 2009dividend declaration● Neutral
Southern Copper reported Q3 2009 results (net sales down year-over-year on lower metal prices, but costs and margins improving) and declared an $0.18/share dividend. The company reaffirmed progress on its Tia Maria (Peru), Toquepala expansion, and El Arco growth projects.
26 Mar 2009auditor change● Neutral
Southern Copper switched auditors from PricewaterhouseCoopers to Deloitte's Mexican member firm (Galaz, Yamazaki, Ruiz Urquiza) after soliciting competing proposals -- a routine, voluntary change with no disagreements disclosed.
31 July 2007production update▼ BadMajor
Illegal work stoppages by a minority of workers halted operations at three of Southern Copper's Mexican mining units -- Cananea, Taxco and San Martin -- prompting the company to seek a government ruling that the strikes were unlawful.
