HighGravityDataCurrent guidance
23 items
Southern Copper
Guidance from Southern Copper’s last 8 earnings releases. Every value links to its sentence in the filing. See something wrong? Tell us.
Releases tracked
8
Latest release
Jul 21, 2026
Data checked
Jul 21, 2026
What changed in the Jul 21, 2026 release
Each item compared with the same item in the previous release (Apr 28, 2026). Values in quotation marks are the company’s words.
New — first stated in this releaseRaised / Lowered / Narrowed / Widened — changed from the prior releaseRevised — wording changed, direction not determinableChanged — value changed; the comparison couldn’t be parsed to a directionReiterated — restated unchangedNot restated — stated before, absent nowRaised and lowered describe the number, not whether the change is favorable.
| Change | Metric | Period | Previous | Now | Source |
|---|---|---|---|---|---|
| New | Michiquillay production start | for FY2032 | — | “2032” | Filing ↗ |
| New | El Pilar production start | for FY2029 | — | “the second half of 2029” | Filing ↗ |
| New | El Pilar construction start | for Q1 FY2027 | — | “the first quarter of 2027” | Filing ↗ |
| New | Tía María equipment assembly completion | for FY2027 | — | “next year” | Filing ↗ |
| New | Tía María initial production start | for FY2027 | — | “the second half of 2027” | Filing ↗ |
| New | El Pilar annual production capacity | for FY2026 | — | “36,000 tons of copper cathode” | Filing ↗ |
| New | El Pilar site preparation start | for FY2026 | — | “September 2026” | Filing ↗ |
| New | Los Chancas annual production | for FY2026 | — | “130,000 tonnes of copper and 7,500 tonnes of molybdenum annually” | Filing ↗ |
| New | Michiquillay annual production and mine life | for FY2026 | — | “225,000 tons of copper per year (along with by-products of molybdenum, gold and silver) for an initial mine life of more than 25 years” | Filing ↗ |
| New | Tía María annual production capacity | for FY2026 | — | “120,000 tonnes of SX-EW copper cathodes per year” | Filing ↗ |
| Raised | Capital investment program (current decade) | No period stated | “exceeds $15 billion” | “exceeds $20.5 billion” | Filing ↗ |
| New | Tía María operations start | No period stated | — | “2H27” | Filing ↗ |
| New | Tía María refined copper production | No period stated | — | “120,000 metric tonnes of refined copper” | Filing ↗ |
| Reiterated | Los Chancas operations start | for FY2031 | “2031” | “2031” | Filing ↗ |
| Reiterated | Peruvian projects investment | No period stated | “could surpass $10.3 billion” | “could surpass $10.3 billion” | Filing ↗ |
Show 19 items not restated in this release
| Change | Metric | Period | Previous | Now | Source |
|---|---|---|---|---|---|
| Not restated | Tia Maria expected export revenue | No period stated | “$18.2 billion” | — | Filing ↗ |
| Not restated | Michiquillay production start-up | for FY2032 | “2032” | — | Filing ↗ |
| Not restated | Los Chancas expected start of operations | for FY2031 | “expected to begin operating in 2031” | — | Filing ↗ |
| Not restated | Los Chancas operations start | for FY2030 | “2030-2031” | — | Filing ↗ |
| Not restated | Tía María direct jobs at start of operations | for FY2027 | “764” | — | Filing ↗ |
| Not restated | Tía María indirect jobs at start of operations | for FY2027 | “5,900” | — | Filing ↗ |
| Not restated | Tia Maria jobs generated once operations start | for FY2027 | “the project will generate 600 direct jobs and 4,800 indirect jobs” | — | Filing ↗ |
| Not restated | Tia Maria jobs upon operations start | for FY2027 | “764 direct jobs and 5,900 indirect jobs” | — | Filing ↗ |
| Not restated | Copper production target | for FY2026 | “increasing production to 1.6 million tons” | — | Filing ↗ |
| Not restated | Ore grade recovery outlook | for FY2026 | “a recovery in ore grades” | — | Filing ↗ |
| Not restated | Capital investment program for this decade | No period stated | “exceeds $15 billion” | — | Filing ↗ |
| Not restated | Decade capital investment program | No period stated | “exceeds $15 billion” | — | Filing ↗ |
| Not restated | Long-term copper production goal | for the long term | “1.6 million tonnes of copper” | — | Filing ↗ |
| Not restated | Long-term copper production objective | for the long term | “1.6 million tons of copper by 2033” | — | Filing ↗ |
| Not restated | Tia Maria construction jobs to be filled with Islay province workers | No period stated | “intend to fill the 9,000 jobs” | — | Filing ↗ |
| Not restated | Tía María construction phase jobs target | No period stated | “3,500” | — | Filing ↗ |
| Not restated | Tia Maria expected exports | No period stated | “$18.2 billion” | — | Filing ↗ |
| Not restated | Tía María expected exports | No period stated | “$18.2 billion” | — | Filing ↗ |
| Not restated | Tia Maria projected exports | No period stated | “US$20.2 billion” | — | Filing ↗ |
Current guidance
Guidance for periods that have not yet ended, at its most recent value, grouped by horizon.
Current fiscal year
| Metric | Current value | Period | Measure | First stated | Times stated | Source |
|---|---|---|---|---|---|---|
| Copper production target | “increasing production to 1.6 million tons” | for FY2026 | Company-defined | Apr 28, 2026 | 1 | Filing ↗ |
| El Pilar annual production capacity | “36,000 tons of copper cathode” | for FY2026 | Company-defined | Jul 21, 2026 | 1 | Filing ↗ |
| El Pilar site preparation start | “September 2026” | for FY2026 | Company-defined | Jul 21, 2026 | 1 | Filing ↗ |
| Los Chancas annual production | “130,000 tonnes of copper and 7,500 tonnes of molybdenum annually” | for FY2026 | Company-defined | Jul 21, 2026 | 1 | Filing ↗ |
| Michiquillay annual production and mine life | “225,000 tons of copper per year (along with by-products of molybdenum, gold and silver) for an initial mine life of more than 25 years” | for FY2026 | Company-defined | Jul 21, 2026 | 1 | Filing ↗ |
| Ore grade recovery outlook | “a recovery in ore grades” | for FY2026 | Company-defined | Apr 28, 2026 | 1 | Filing ↗ |
| Quarterly cash dividend | “$1.10 per share of common stock” | for FY2026 | Declared action | Jan 27, 2026 | 3 | Filing ↗ |
| Quarterly stock dividend | “0.0100 shares of common stock per share of common stock” | for FY2026 | Declared action | Apr 28, 2026 | 1 | Filing ↗ |
| Stock dividend | “0.0120 shares of common stock per share of common stock” | for FY2026 | Declared action | Jan 27, 2026 | 2 | Filing ↗ |
| Tía María annual production capacity | “120,000 tonnes of SX-EW copper cathodes per year” | for FY2026 | Company-defined | Jul 21, 2026 | 1 | Filing ↗ |
| Total estimated dividend | “$3.23 per share” | for FY2026 | Declared action | Jul 21, 2026 | 1 | Filing ↗ |
Next year and medium term
| Metric | Current value | Period | Measure | First stated | Times stated | Source |
|---|---|---|---|---|---|---|
| Michiquillay estimated investment and production start-up | “estimate an investment of approximately $2.5 billion will be required and expect production start-up by 2032” | for FY2032 | Company-defined | Oct 21, 2024 | 1 | Filing ↗ |
| Michiquillay production start | “2032” | for FY2032 | Company-defined | Jul 21, 2026 | 1 | Filing ↗ |
| Michiquillay production start-up | “2032” | for FY2032 | Company-defined | Apr 24, 2025 | 4 | Filing ↗ |
| Los Chancas expected start of operations | “expected to begin operating in 2031” | for FY2031 | Company-defined | Oct 21, 2024 | 1 | Filing ↗ |
| Los Chancas operations start | “2031” | for FY2031 | Company-defined | Apr 24, 2025 | 4 | Filing ↗ |
| Los Chancas operations start | “2030-2031” | for FY2030 | Company-defined | Jul 28, 2025 | 1 | Filing ↗ |
| El Pilar production start | “the second half of 2029” | for FY2029 | Company-defined | Jul 21, 2026 | 1 | Filing ↗ |
| El Pilar construction start | “the first quarter of 2027” | for Q1 FY2027 | Company-defined | Jul 21, 2026 | 1 | Filing ↗ |
| Tía María direct jobs at start of operations | “764” | for FY2027 | Company-defined | Jul 28, 2025 | 1 | Filing ↗ |
| Tía María equipment assembly completion | “next year” | for FY2027 | Company-defined | Jul 21, 2026 | 1 | Filing ↗ |
| Tía María indirect jobs at start of operations | “5,900” | for FY2027 | Company-defined | Jul 28, 2025 | 1 | Filing ↗ |
| Tía María initial production start | “the second half of 2027” | for FY2027 | Company-defined | Jul 21, 2026 | 1 | Filing ↗ |
| Tia Maria jobs generated once operations start | “the project will generate 600 direct jobs and 4,800 indirect jobs” | for FY2027 | Company-defined | Oct 21, 2024 | 1 | Filing ↗ |
| Tia Maria jobs upon operations start | “764 direct jobs and 5,900 indirect jobs” | for FY2027 | Company-defined | Oct 28, 2025 | 1 | Filing ↗ |
Long term
| Metric | Current value | Period | Measure | First stated | Times stated | Source |
|---|---|---|---|---|---|---|
| Long-term copper production goal | “1.6 million tonnes of copper” | for the long term | Company-defined | Oct 28, 2025 | 1 | Filing ↗ |
| Long-term copper production objective | “1.6 million tons of copper by 2033” | for the long term | Company-defined | Jan 27, 2026 | 1 | Filing ↗ |
How one item moved
Quarterly cash dividend, for FY2026 — every statement across the year, each linked to its filing.
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Get this for your own peer set — Peer Guidance Briefing, $3,000.
Full history
Every metric, every release, eight quarters — the complete record as one table.
| Metric | FY2032 | FY2031 | FY2030 | FY2029 | FY2027 | FY2026 | FY2025 | FY2024 | Long-term | No period |
|---|---|---|---|---|---|---|---|---|---|---|
| Tia Maria expected export revenue | — | — | — | — | — | — | — | — | — | 1 statement |
| Capital investment program | — | — | — | — | — | — | — | — | — | 4 statements |
| Capital investment program for this decade | — | — | — | — | — | — | — | — | — | 1 statement |
| Combined investment in Tía María, Los Chancas, and Michiquillay | — | — | — | — | — | — | — | — | — | 1 statement |
| Copper production target | — | — | — | — | — | 1 statement | 1 statement | — | 1 statement | — |
The full record for Southern Copper and its Metals & mining peers, delivered as a Peer Guidance Briefing — PDF and Excel, every value linked to its filing.
Filings
The 8 earnings releases this page is built from.
| Filed | Fiscal period | Accession | Guidance items | |
|---|---|---|---|---|
| Jul 21, 2026 | FY2026 Q2 | 0001104659-26-085515 | 24 | Open filing ↗ |
| Apr 28, 2026 | FY2026 Q1 | 0001104659-26-051281 | 16 | Open filing ↗ |
| Jan 27, 2026 | FY2025 Q4 | 0001104659-26-007496 | 17 | Open filing ↗ |
| Oct 28, 2025 | FY2025 Q3 | 0001104659-25-103333 | 19 | Open filing ↗ |
| Jul 28, 2025 | FY2025 Q2 | 0001558370-25-009748 | 23 | Open filing ↗ |
| Apr 24, 2025 | FY2025 Q1 | 0001558370-25-005526 | 15 | Open filing ↗ |
| Feb 11, 2025 | FY2024 Q4 | 0001558370-25-000826 | 18 | Open filing ↗ |
| Oct 21, 2024 | FY2024 Q3 | 0001558370-24-013432 | 17 | Open filing ↗ |
Values in quotation marks are the company’s words; the classification and filing links are HighGravityData’s. HighGravityData does not score or rank companies or give investment advice.
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