The company projects copper production to rise to 1.06M tons in 2029, supported by 42% completion of its Tia Maria project.
Southern Copper set a production target of 1.06M tons of copper for 2029, citing progress on its Tia Maria project, which is now 42% complete. The company reported record sales, adjusted EBITDA, and net income for Q2 2026 during its earnings call.
Management attributed the strong performance to favorable supply and demand dynamics in the copper market. The Tia Maria project, once operational, is expected to bolster output and support long-term growth.
No immediate market reaction was disclosed in the earnings call summary.