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Southern Copper SCCO Mexican Open Pit — Exploration Expense

Other segment segments

Peruvian Operations
350,000,000%-7.9%
Mexican IMMSA Unit
190,000,000%-20.8%

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NEX
NEXMExploration Expense
772,039,500%+158,461,800pp
SSR Mining logo
SSRMExploration and evaluation
$5.3M-11.0%
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GOROMining Exploration Expense
$1.44M+197%

Other financials

Income statement

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Revenue$4.3B+40.6%
Gross profit$2.9B+57.6%
Operating income$2.5B+61.5%
Net income$1.7B+71.0%
EPS (diluted)$2.01+66.1%

Balance sheet

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Cash & equivalents$5.7B+69.9%
Total debt$8.5B+14.5%
Total equity$12.6B+26.5%
Total assets$24.1B+23.4%

Cash flow

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Operating cash flow$2.0B+104%
CapEx$422.8M+79.4%
Free cash flow$1.6B+111%

Valuation

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Market cap$140.57B+80.0%
Enterprise value$143.43B+74.5%
P/E24.8×+3.2×
P/S8.9×+2.3×

Profitability

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Gross margin63.8%+5.6pp
Operating margin54.6%+5.3pp
Net margin35.9%+5.5pp
FCF margin32.3%+3.2pp

Returns & leverage

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Return on equity50.2%+11.0pp
Debt / equity0.7×-0.1×
Current ratio5.1×-0.2×

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 mexican open pit — exploration expense?
Southern Copper (SCCO) reported mexican open pit — exploration expense of 130,000,000% in Q1 2026.
How has Southern Copper's mexican open pit — exploration expense changed year-over-year?
Southern Copper's mexican open pit — exploration expense decreased by 0.0% year-over-year, from 130,000,000% to 130,000,000%.
What is the long-term trend for Southern Copper's mexican open pit — exploration expense?
Over 4 years (2021 to 2025), Southern Copper's mexican open pit — exploration expense has grown at a 25.5% compound annual growth rate (CAGR), from 230,000,000% to 570,000,000%.
What does mexican open pit — exploration expense mean?
This captures the costs incurred by the Mexican open-pit segment to identify and evaluate new mineral deposits. It is a discretionary investment in the future growth and sustainability of the segment's resource base. High exploration spending indicates a focus on long-term reserve replacement.