SOUTHERN COPPER CORP DEL (SCCO)
NYSEMaterialsCopperSnapshot 2026-11-04
$176.84+1.93%
Close 2026-11-04 · 1-day change
NYSEMaterialsCopperSnapshot 2026-11-04
QuarterlyIQ Insights · SCCO
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 20.7% |
| Our one-year growth estimate | diamond | -0.9% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the opposite direction.
Price observations: 365 days
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the US dollar and the broad stock market.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 21.7 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 1 industry peers · Company calendar date is not available
SCCO — debt issuance
Dated 2026-06-25
Entry into a Material Definitive Agreement . On June 24, 2026, Southern Copper Corporation (the “Company”) completed a registered public offering (the “Offering”) of U.S.$1.25 billion aggregate principal amount of its 5.350% notes due 2036 (the “Notes”). The Notes will bear interest from June 24, 2026, payable semi-annually on June 24 and December 24 of each year, beginning on December 24, 2026. The Notes were offered by the Company pursuant to its Registration Statement on Form S-3 (File No.…
Why it matters: The project was 49.6% complete in September. Steady progress supports the planned start of copper output in 1H28.
Supportive ifA company update says Tia Maria is over 50% complete. Work on key facilities and the power line remains on schedule.
Worry ifA company update reports a delay to construction, the power line, or the planned 1H28 start.
Why it matters: Capital spending rose 52.9% year over year in the first nine months. Spending tied to clear project steps would support growth; rising costs without progress add risk.
Watch forQuarterly capital spending stays near or below $515.8 million. Tia Maria and El Pilar report clear progress on construction.
Also watch forQuarterly spending rises above $515.8 million. Project updates show delays or no new steps toward completion.
Why it matters: Illegal miners have blocked further work at Los Chancas. Regaining control would clear a stated barrier to project progress.
Supportive ifThe company says authorities helped remove illegal miners. Work at Los Chancas has resumed.
Worry ifThe company reports that illegal miners remain at the site and project work is still blocked.
Why it matters: Copper output fell 2.9% year to date, mainly due to lower ore grades in Peru. A recovery would support the 1.6 million-ton goal.
Supportive ifQuarterly copper output rises from a year ago. Management reports higher ore grades at its Peruvian mines.
Worry ifYear-to-date copper output falls further below the 2025 level. Or, Peruvian output keeps falling due to low ore grades.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$160 on $10,000 · ±1.6% | How much price usually moves either way. |
| Bad day | $574 loss on $10,000 · 5.7% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $3,022 loss on $10,000 · 30.2% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: By-product credits kept the nine-month cash cost near zero. A sharp rise could weaken the cost edge if metal prices or by-product output fall.
Worry ifNet copper cash cost rises above $0.61 per pound, the 2025 nine-month level, as by-product credits fall.
Less concerning ifNet copper cash cost stays at or below $0.01 per pound, the reported 2026 nine-month level.