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Southern Copper SCCO Exploration Expense

Exploration Expense at other companies

Antero Resources logo
Antero ResourcesAR
$792K+18.6%
Devon Energy logo
Devon EnergyDVN
$145.25M-15.8%
Antero Resources logo
Antero ResourcesAR
302,800,000%-54,500,000pp
EQT Corporation logo
EQT CorporationEQT
$331K+17.4%
Permian Resources logo
Permian ResourcesPR
Freeport-McMoRan Inc. logo
Freeport-McMoRan Inc.FCX

Segments

By segment

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Peruvian Operations$3.5M-7.9%
Mexican IMMSA Unit$1.9M-20.8%
Mexican Open Pit$1.3M0.0%

Other financials

Income statement

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Revenue$4.3B+36.2%
Gross profit$2.8B+52.7%
Operating income$2.5B+61.5%
Net income$1.6B+66.7%
EPS (diluted)$1.92+67.0%

Balance sheet

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Cash & equivalents$4.9B+19.4%
Total debt$7.4B-7.1%
Total equity$11.8B+23.2%
Total assets$21.9B+10.8%

Cash flow

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Operating cash flow$1.7B+135%
CapEx$441.9M+39.0%
Free cash flow$1.3B+210%

Valuation

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Market cap$160.97B+91.0%
Enterprise value$163.45B+84.8%
P/E32.3×+8.9×
P/S11.1×+4.0×

Profitability

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Gross margin61.9%+3.8pp
Operating margin54.6%+5.3pp
Net margin34.2%+4.1pp
FCF margin29.4%+1.3pp

Returns & leverage

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Return on equity46.6%+4.6pp
Debt / equity0.6×-0.2×
Current ratio4.4×+0.7×

Where this comes from

Reported directly by Southern Copper in its filing.

Tagged under the XBRL concept us-gaap:ExplorationExpense.

The official record: Southern Copper’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Southern Copper's exploration expense?
Southern Copper (SCCO) reported exploration expense of $10.8M 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 $11.7M to $10.8M.
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 $43.5M to $52.8M.
What does exploration expense mean?
The amount spent on searching for new mineral resources to replenish or expand mining reserves.
How do you interpret exploration expense?
An increase suggests aggressive growth and reserve expansion, while a decrease may indicate cost-cutting or a mature asset base.
How does exploration expense compare across companies?
Standard across mining and extractive industries; often benchmarked as a percentage of total revenue or capital expenditure.