Southern Copper: Record Profits and Billion-Dollar Projects for the Copper Boom

Southern Copper is a mining company primarily operating in Peru and Mexico, extracting and processing copper, molybdenum, zinc, and silver. High metal prices lead to record results in Q2. Although copper production fell by 3.5%, net costs of only $0.05 per pound underscore high profitability. Tía María and other large projects are expected to drive copper production towards 1.6 million tons in the long term. The stock of Southern Copper (SCCO) has gained about 128% in the last 12 months and recently reached a new all-time high of $220.78...