$SCCO

Grupo México plans to invest $4B-$6B in its U.S. unit, Asarco, to expand copper mining and restart a smelter. Freeport-McMoRan (FCX) and Southern Copper (SCCO) reported strong Q2 earnings, driven by AI and data center demand. GE Vernova (GEV), Eaton (ETN), and Hubbell (HUBB) also benefit from infrastructure investments, with mixed stock performance.

Southern Copper (SCCO) fell 7.3% on Thursday, following a 2.7% drop in copper futures. The decline came after the company reported record Q3 earnings, with net income up 63% to $1.8B. Freeport-McMoRan (FCX) and Teck Resources (TECK) also dropped 6.3% and 6.2%, respectively. Analysts expect Southern Copper's earnings to peak in 2026, with the stock trading at a premium to its five-year average.

Southern Copper (SCCO) reported record highs in net sales, adjusted EBITDA, and net income for Q3 2026. The company expects to produce 918,000 tons of copper by 2026, with the Tia Maria project targeted to start in the first half of 2028.

Southern Copper (NYSE: SCCO) is considering a $680M expansion of its Cuajone mine in Peru to boost capacity and offset declining ore grades. The project could increase milling capacity by 33%, with projected annual production of 55,000 tonnes of copper. The company's production fell 2.9% in the first nine months of 2026 due to lower ore grades. Southern Copper also has other projects in development, including the $1.8B Tia Maria mine, expected to start operations in 2028.

Grupo México reported a 62.9% rise in Q3 profit to US$1.97B, beating forecasts. Revenue increased 37.9% to US$6.33B, driven by higher metal prices and lower production costs. The company owns Southern Copper (NYSE-listed) and Asarco, with significant US operations. Copper production fell 1.9%, but railway and power divisions showed growth. The board declared a share dividend of 1:194, payable in November 2026.

Southern Copper reported record 3Q26 results: $4.70B sales (up 39.1% YoY), $1.80B net income (up 62.7% YoY), and $3.04B adjusted EBITDA. Higher metal prices drove performance. The company declared a $1.30 cash dividend and a 0.0106 share stock dividend. Capital investments reached $515.8M in the quarter, with major projects advancing.

SOUTHERN COPPER CORP/ (SCCO) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 ​ October 20, 2026 Investor Relations: Southern Copper Corporation (NYSE and BVL: SCCO) Raul Jacob Victor Pedraglio Bertin Galarreta +(602) 264-1375 ● 3Q26 net sales were $4,696.6 million. This figure represented a 39.1% increase over 3Q25’s print and a new quarterly

Capital Group Core Balanced ETF (CGBL) made net sales of $34.3 million on Oct. 16, with $137.4 million in gross activity. It added positions in Johnson & Johnson (JNJ) at $35.7 million, Shopify (SHOP) at $13.9 million, and MicroStrategy (MSTR) at $2.0 million. The fund sold shares of GE Vernova, Southern Copper, and Capital One Financial.

Southern Copper Corporation's (SCCO) average price target increased from $176.13 to $177.01, with forecasts ranging from $114.62 to $275. This implies a 12% downside from the Oct. 19 closing price. The consensus rating remains 'Sell' among 20 analysts, with 1 Buy, 8 Holds, and 11 Sells.

Colombia's COLCAP index fell 0.55% to 2,566.28, while the peso strengthened 0.6% to 3,176 per dollar. Ecopetrol's NY shares rose despite the index decline, supported by higher oil prices. Industrial production dropped 3.7%, but retail sales rose 7.3%. Prediction markets expect no central bank rate change in October.