Operating Expenses
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
SectionOperating Expenses
First reportedQ1 2016
Last reportedQ1 2026Apr 30, 2026
Metric ID:
cop_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.