Other
Exploration Expense
Southern Copper Exploration Expense decreased by 37.2% to $10.80M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 7.7%, from $11.70M to $10.80M. Over 4 years (FY 2021 to FY 2025), Exploration Expense shows an upward trend with a 5.0% CAGR.
Analysis
StatementIncome Statement
SectionOther
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2016
Last reportedQ1 2026Apr 30, 2026
How to read this metric
An increase suggests aggressive growth and reserve expansion, while a decrease may indicate cost-cutting or a mature asset base.
Detailed definition
Represents the costs incurred to identify, evaluate, and confirm the existence of new mineral deposits or to expand exis...
Peer comparison
Standard across mining and extractive industries; often benchmarked as a percentage of total revenue or capital expenditure.
Metric ID:
other_exploration_expenseHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $9.50M | $10.90M | $16.70M | $9.10M | $11.80M | $9.60M | $11.10M | $11.90M | $12.10M | $15.50M | $15.50M | $12.70M | $18.60M | $13.20M | $16.50M | $11.70M | $13.70M | $10.20M | $17.20M | $10.80M |
| QoQ Change | — | +14.7% | +53.2% | -45.5% | +29.7% | -18.6% | +15.6% | +7.2% | +1.7% | +28.1% | +0.0% | -18.1% | +46.5% | -29.0% | +25.0% | -29.1% | +17.1% | -25.5% | +68.6% | -37.2% |
| YoY Change | — | — | — | — | +24.2% | -11.9% | -33.5% | +30.8% | +2.5% | +61.5% | +39.6% | +6.7% | +53.7% | -14.8% | +6.5% | -7.9% | -26.3% | -22.7% | +4.2% | -7.7% |
Range$9.10M – $18.60M
CAGR+2.7%
Avg YoY Growth+6.6%
Median YoY Growth+3.4%
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Peruvian Operations | $10.70M | $7.30M | $9.40M | $3.80M | $8.40M | $4.80M | $8.30M | $3.50M |
| Mexican IMMSA Unit | $2.60M | $2.60M | $3.50M | $2.40M | $3.60M | $2.70M | $3.10M | $1.90M |
| Mexican Open Pit | $2.40M | $1.30M | $1.40M | $1.30M | $1.50M | $1.90M | $1.00M | $1.30M |
| Total | $18.60M | $13.20M | $16.50M | $11.70M | $13.70M | $10.20M | $17.20M | $10.80M |
Exploration Expense at Other Companies
Frequently Asked Questions
- What is Southern Copper's exploration expense?
- Southern Copper (SCCO) reported exploration expense of $10.80M in Q1 2026.
- How has Southern Copper's exploration expense changed year-over-year?
- Southern Copper's exploration expense decreased by 7.7% year-over-year, from $11.70M to $10.80M.
- What is the long-term trend for Southern Copper's exploration expense?
- Over 4 years (2021 to 2025), Southern Copper's exploration expense has grown at a 5.0% compound annual growth rate (CAGR), from $43.50M to $52.80M.
- What does exploration expense mean?
- The amount spent on searching for new mineral resources to replenish or expand mining reserves.