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Southern Copper's (SCCO) second-quarter 2022 results are likely to reflect the impact of lower production and higher operating costs, as well as lower copper and silver prices.
Based on 2007 reserves data, Southern Copper is the world's largest publicly traded copper mining company and the world's seventh largest copper mining company based on 2007 sales. In addition, the firm is the eighth largest copper smelting company. The firm ranks among the world's largest producers of molybdenum, silver, and zinc.
Rally in copper prices, upbeat production numbers, solid expansion projects and benefits of cost-reduction programs are expected to drive Southern Copper (SCCO).
Southern Copper (SCCO) remains focused on increasing low-cost production and growth investments. The company is well poised to continue delivering enhanced performance.
Southern Copper's (SCCO) third-quarter 2022 results are likely to reflect the impact of lower production and higher operating costs, as well as lower copper and silver prices.
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Southern Copper's (SCCO) fourth-quarter revenues and earnings gain on higher metal prices through the quarter. It expects copper production in 2022 to be around 922,000 tons.
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