Below are the financial statements of Southern Copper, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | 11,433.4a | 9,895.8a | 10,047.9a |
| Operating cost and expenses | — | — | — |
| Cost of sales (exclusive of depreciation, amortization and depletion shown separately below) | -4,841.4a | -4,687.7a | -4,649.1a |
| Selling, general and administrative | -130.5a | -127.2a | -125a |
| Depreciation, amortization and depletion | -845.9a | -833.6a | -796.3a |
| Exploration | -60.9a | -55a | -41.7a |
| Total operating costs and expenses | -5,878.7a | -5,703.5a | -5,612.1a |
| Operating income | 5,554.7a | 4,192.3a | 4,435.8a |
| Interest expense | -376.5a | -376.3a | -387.1a |
| Capitalized interest | 42.4a | 49.6a | 47a |
| Other income (expense) | 5.5a | 3.6a | 117.1a |
| Interest income | 131.4a | 86.6a | 35a |
| Income before income taxes | 5,357.4a | 3,955.8a | 4,247.8a |
| Income taxes (including royalty taxes) | -2,027.4a | -1,578a | -1,477.5a |
| Deferred income taxes | -52.2a | -59.1a | -118.6a |
| Net income before equity earnings of affiliate | 3,382.1a | 2,436.9a | 2,651.7a |
| Equity earnings of affiliate, net of income tax | 6.4a | -2.2a | -3.7a |
| Net income | 3,388.6a | 2,434.7a | 2,648a |
| Less: Net income attributable to the non-controlling interest | 11.8a | 9.5a | 9.5a |
| Net income attributable to SCC | 3,376.8a | 2,425.2a | 2,638.5a |
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