Southern Copper exceeded analyst expectations for Q2 2026, reporting record sales of $4.30 billion, a 41% increase driven by strong metal prices. Adjusted EBITDA rose 60% to a record $2.96 billion, pushing margins to 67% and driving a rally in the company's stock price. While copper production and sales volumes declined, higher metal prices offset the impact, leading to record profits and cash flow. Additionally, company director Palomino Bonilla Luis Miguel sold 100 shares at $179.00 during this period.
Southern Copper reported record Q2 financial results as high global metal prices mitigated the impact of lower production and sales volumes.
Read the full storyThe company achieved record sales of $4.30 billion, up 41%, while a director executed a minor share sale as global copper inventories hit multi-year highs.
Mining giant Southern Copper reported Q2 2026 financial results that surpassed analyst expectations, triggering a positive reaction in its share price.