Southern Copper Corp stock: Tia Maria timeline moves later
Published on 10/29/2026 at 17:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSResults and project outlook
- Third-quarter sales reached a record level, while net income and adjusted EBITDA also set new highs.
- Management linked the strong quarter mainly to higher metal prices and said copper output was slightly lower.
- The company continues to advance projects in Peru and Mexico while reviewing its capital plans.
Southern Copper Corp stock is in focus after management added a new project-timing detail to the company's record third-quarter results. In the earnings call held on October 22, 2026, Southern Copper Corporation said the Tia Maria copper project in Peru is now expected to begin operations in the first half of 2028. The update was reported by Yahoo Finance in a summary based on the earnings call.
Record quarter, softer mine output
Southern Copper's third-quarter results, dated October 20, 2026, showed net sales of USD 4.6966 billion, up 39.1 percent from the year-earlier quarter. Net income rose 62.7 percent to USD 1.8018 billion, while adjusted EBITDA increased 53.9 percent to USD 3.0402 billion. The figures were disclosed in the company's results release reproduced by MarketScreener.
The operating picture was mixed. Mined copper production fell 1.1 percent quarter over quarter to 232,396 tonnes, with Peruvian output down 6.1 percent because of lower ore grades. Mexican production increased 2.5 percent, while operating cash flow reached USD 2.2243 billion.
What changed in the project outlook
Management attributed the Tia Maria delay to additional mechanical assembly and engineering work. No change to the project's capital expenditure was reported at the time, with further guidance expected alongside the 2027 outlook. The company said the project was 49.6 percent complete as of September 30 and is designed to produce 120,000 tonnes of copper annually in its early years.
At Lang & Schwarz, the licensed quote for Southern Copper Corporation was EUR 171.85 on October 29, 2026, at 17:36:20 Berlin time. The real-time quote of Southern Copper Corporation stock is a German-market reference and should not be confused with the NYSE listing in US dollars.
Southern Copper Corporation at a glance
- Company: Southern Copper Corporation
- ISIN: US84265V1052
- US ticker: SCCO
- Primary listing: NYSE
- Lang & Schwarz quote: EUR 171.85, October 29, 2026, 17:36:20 Berlin time
- Sector: Specialty Mining & Metals
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Southern Copper combines strong metal-price exposure with a large project pipeline, but the revised Tia Maria schedule highlights execution risk alongside the growth opportunity. More news and analyses on Southern Copper Corporation stock.
