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Analyst
Alfonso Salazar
Period: Reporting periods mapped to calendar 2024 Q4 – 2026 Q1 (6 quarters; questions recorded in 5).
- Questions
- 10on tracked calls
- Challenge rate
- 10%1 of 10 questions
- Companies
- 1questioned at least once
- Reporting periods
- 5with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 10 of 10 questions from 1 company
SCCOSouthern Copper Corporation10 questions · 5 reporting periods · 1 of 10 challenging
Calendar 2026 Q1
Just wondering if this is going to continue and what is the point of increasing the cash position of the company?
Show response
CFO deferred to the Board, noting the ~$1 cash dividend and that shares handed back (avg cost $26) are well received by the market.
what is changing or what drove this better outlook for copper production over the coming years?
Show response
CFO cited a fixed Buenavista line and efficiencies for +4,000 tons this year, with 2027 flat and Tia Maria lifting output toward 1.6 million tons mid next decade.
Calendar 2025 Q4
regarding the guidance
Show response
Updated multi-year guide: 911K (2026), ~900K (2027), 970K (2028 with full Tia Maria), 1.06M (2029-2031). Cuajone expansion and reserve additions under review.
if production falls some 5% in 2026, then before by-products, we should expect an increase in cash cost by right now similar to that number, right?
Show response
CFO confirmed ~5% cost pressure from lower production, offset by cost control initiatives. Currency breakdown: 39% MXN, 10% PEN, 51% USD.
Calendar 2025 Q3
what is the action plan? What are you doing to deal with such situation in case it comes?
Show response
Management acknowledged election risk but reported calm environment. Working with local communities and Islay province authorities. No current concerns.
what is the rationale behind having so much cash and increasing your cash position at this time?
Show response
CFO explained elevated cash ($4.5B) is from deferred Tia Maria financing plus strong prices, maintaining comfortable position for dividends and projects.
Calendar 2025 Q2
how you decide whether to produce zinc or copper?
Show response
CFO explained the switchable Buenavista concentrator is dedicated to zinc where ore grades make it far more valuable, forgoing about 10,000 tons of copper.
if you can remind us your production guidance -- your current production guidance for the following years?
Show response
CFO reaffirmed 965,300 tons for 2025 and walked multi-year targets, roughly 900,000 in 2026, 950,000 in 2027 and over 1 million by 2028.
Calendar 2024 Q4
based on your asset base today, what would be the level of sustaining CAPEX to expect for you in the coming years on the sustaining CAPEX or maintenance CAPEX?
Show response
Jacob provided clear $500M maintenance CAPEX figure and explained some sustaining items are being reclassified into growth projects (e.g., conveyor belt replacement of truck haulage).
going to look for other commodities or for other metals or considering only copper at this stage going forward?
Show response
Jacob kept M&A options open but didn't commit to anything specific, focusing on assets that fit SCCO's low-cost producer profile with strong byproducts.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| SCCO Southern Copper Corporation | 10 | 10%1 of 10 questions |
- SCCOSouthern Copper Corporation · 10 questions10%1 of 10 questions
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2024 Q4 | 2 | 0%none of 2 questions | 1 |
| 2025 Q1 | No questions recorded | — | — |
| 2025 Q2 | 2 | 0%none of 2 questions | 1 |
| 2025 Q3 | 2 | 50%1 of 2 questions | 1 |
| 2025 Q4 | 2 | 0%none of 2 questions | 1 |
| 2026 Q1 | 2 | 0%none of 2 questions | 1 |
- 2024 Q42 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q1No questions recorded
- 2025 Q22 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q32 questions · challenge rate 50% (1 of 2 questions) · 1 company
- 2025 Q42 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2026 Q12 questions · challenge rate 0% (none of 2 questions) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Capital Allocation4
- Demand3
- Capex Investment3
- Guidance Reliability2
- Cost Pressure1
- Fx1
- Regulation Policy1
- Credit1
- Competitive Dynamics1
- M&A1