Southern Copper Corporation
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Southern Copper Corporation (SCCO). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mexican Open-Pit | CUW4.41B 54.5% | CUW6.11B 55.1% · +38.5% | CUW5.56B 55.4% · -8.9% | CUW6.32B 54.3% · +13.6% | CUW7.62B 55.7% · +20.7% |
| Peruvian Operations | CUW3.15B 39.0% | CUW4.37B 39.4% · +38.6% | CUW3.85B 38.4% · -11.8% | CUW4.60B 39.6% · +19.5% | CUW5.25B 38.4% · +14.0% |
| Mexican IMMSA Unit | CUW529.9M 6.5% | CUW600.2M 5.4% · +13.3% | CUW630.8M 6.3% · +5.1% | CUW704.1M 6.1% · +11.6% | CUW807.8M 5.9% · +14.7% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mexican Open-Pit | – | CUW3.70B 60.5% | CUW2.77B 49.9% | CUW3.38B 53.6% | CUW4.28B 56.1% |
| Peruvian Operations | – | CUW2.33B 53.4% | CUW1.47B 38.2% | CUW2.09B 45.4% | CUW2.60B 49.6% |
| Mexican IMMSA Unit | – | CUW88.8M 14.8% | -CUW4.2M -0.7% | CUW129.2M 18.3% | CUW162.4M 20.1% |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Mexico | CUW1.53B 19.1% | CUW2.14B 19.6% · +40.2% | CUW2.29B 22.8% · +6.9% | CUW2.80B 27.9% · +22.5% | CUW3.02B 26.0% · +7.6% | CUW3.51B 25.7% · +16.3% |
| United States | CUW1.36B 17.1% | CUW1.93B 17.7% · +41.8% | CUW1.91B 19.0% · -1.2% | CUW1.62B 16.1% · -15.2% | CUW1.47B 12.7% · -9.2% | CUW1.87B 13.6% · +26.9% |
| Switzerland | CUW1.44B 18.1% | CUW1.70B 15.5% · +17.6% | CUW1.48B 14.7% · -12.9% | CUW1.09B 10.8% · -26.6% | CUW1.44B 12.4% · +32.7% | CUW1.85B 13.5% · +28.6% |
| China | CUW145.5M 1.8% | CUW214.7M 2.0% · +47.6% | CUW572.5M 5.7% · +166.7% | CUW749.2M 7.5% · +30.9% | CUW1.18B 10.2% · +57.9% | CUW1.28B 9.3% · +7.9% |
| Japan | CUW579.5M 7.3% | CUW629.1M 5.8% · +8.6% | CUW616.2M 6.1% · -2.1% | CUW668.3M 6.7% · +8.5% | CUW726.2M 6.2% · +8.7% | CUW985.0M 7.2% · +35.6% |
| Peru | CUW335.0M 4.2% | CUW586.3M 5.4% · +75.0% | CUW615.0M 6.1% · +4.9% | CUW413.0M 4.1% · -32.8% | CUW690.2M 5.9% · +67.1% | CUW865.2M 6.3% · +25.4% |
| Other European Countries | CUW521.7M 6.5% | CUW732.2M 6.7% · +40.3% | CUW362.8M 3.6% · -50.5% | CUW407.7M 4.1% · +12.4% | CUW726.3M 6.2% · +78.1% | CUW696.0M 5.1% · -4.2% |
| Spain | CUW199.4M 2.5% | CUW502.0M 4.6% · +151.8% | CUW458.2M 4.6% · -8.7% | CUW472.9M 4.7% · +3.2% | CUW549.1M 4.7% · +16.1% | CUW665.5M 4.9% · +21.2% |
| Brazil | CUW233.0M 2.9% | CUW437.1M 4.0% · +87.6% | CUW452.0M 4.5% · +3.4% | CUW390.3M 3.9% · -13.7% | CUW513.5M 4.4% · +31.6% | CUW558.1M 4.1% · +8.7% |
| Chile | CUW221.1M 2.8% | CUW384.5M 3.5% · +73.9% | CUW444.5M 4.4% · +15.6% | CUW399.5M 4.0% · -10.1% | CUW452.3M 3.9% · +13.2% | CUW548.4M 4.0% · +21.2% |
| Italy | CUW271.6M 3.4% | CUW307.8M 2.8% · +13.3% | CUW261.4M 2.6% · -15.1% | CUW414.4M 4.1% · +58.5% | CUW369.0M 3.2% · -11.0% | CUW394.8M 2.9% · +7.0% |
| Singapore | CUW863.7M 10.8% | CUW957.8M 8.8% · +10.9% | CUW288.4M 2.9% · -69.9% | CUW364.3M 3.6% · +26.3% | CUW255.7M 2.2% · -29.8% | CUW271.5M 2.0% · +6.2% |
| Other Asian countries | CUW238.6M 3.0% | CUW369.4M 3.4% · +54.8% | CUW234.3M 2.3% · -36.6% | CUW197.0M 2.0% · -15.9% | CUW159.7M 1.4% · -18.9% | CUW104.7M 0.8% · -34.4% |
| Latin America, other | CUW42.4M 0.5% | CUW42.7M 0.4% · +0.7% | CUW65.7M 0.7% · +53.9% | CUW60.5M 0.6% · -7.9% | CUW70.2M 0.6% · +16.0% | CUW83.7M 0.6% · +19.2% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Copper | CUW6.51B 81.6% | CUW8.83B 80.7% · +35.5% | CUW7.54B 75.0% · -14.6% | CUW7.66B 76.2% · +1.6% | CUW8.84B 76.0% · +15.3% | CUW10.14B 74.1% · +14.7% |
| Molybdenum | CUW510.3M 6.4% | CUW1.05B 9.6% · +106.4% | CUW1.19B 11.9% · +13.3% | CUW1.13B 11.2% · -5.3% | CUW1.25B 10.7% · +10.3% | CUW1.41B 10.3% · +12.7% |
| Silver | CUW249.4M 3.1% | CUW474.4M 4.3% · +90.2% | CUW402.6M 4.0% · -15.1% | CUW492.2M 4.9% · +22.3% | CUW684.9M 5.9% · +39.2% | CUW1.09B 8.0% · +59.5% |
| Zinc | CUW447.8M 5.6% | CUW289.5M 2.6% · -35.4% | CUW374.2M 3.7% · +29.3% | CUW300.9M 3.0% · -19.6% | CUW443.6M 3.8% · +47.4% | CUW563.9M 4.1% · +27.1% |
| Other | CUW264.3M 3.3% | CUW288.8M 2.6% · +9.3% | CUW539.7M 5.4% · +86.9% | CUW464.2M 4.6% · -14.0% | CUW415.8M 3.6% · -10.4% | CUW481.8M 3.5% · +15.9% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.