Southern Copper Sweeps Q3 Records Across Sales, EBITDA, and Net Income
As seen on the 24/7 Wall St. homepage on October 21, 2026.
We are very pleased with our strong third-quarter performance, which delivered a record for net sales, adjusted EBITDA and net income. These achievements were thanks to our strategy and disciplined cost control at the operational level.
Larrea is claiming a clean sweep of records in the third quarter, with sales, adjusted EBITDA and net income all at highs for the $170.8 billion copper miner. That credit goes to cost control, which matters as Peru's revoked Tia Maria permit clouds the growth pipeline.
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German Larrea, CEO of the $170.8 billion copper miner, credited disciplined cost control for a third quarter in which net sales, adjusted EBITDA, and net income all hit all-time highs at once. Records on all three lines together signal that management is squeezing more out of existing operations rather than relying on volume growth.
Cost discipline matters now because Peru revoked the Tia Maria mining permit, removing one of the cleaner near-term expansion opportunities from the growth pipeline. That raises the stakes on generating record results from the current asset base.
For investors, the question is how durable these margins are if copper prices shift or if permitting setbacks in Peru linger. Larrea's emphasis on strategy alongside cost control suggests the company views the current performance as repeatable rather than a one-time spike.
The earnings report lands at a moment when copper demand tied to electrification and infrastructure spending remains a strong long-term narrative. Whether the Q3 sweep translates into sustained re-rating for the stock depends on how the market weighs record-setting profitability against the regulatory uncertainty shadowing the pipeline.
Sources
Mentioned: SCCO