Southern Copper raises $1.25 billion for Tía María
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Southern Copper ( (SCCO) ) has shared an update.
On June 24, 2026, Southern Peru Copper Corporation’s Peruvian branch announced it had raised US$1.25 billion via a bond offering in New York, with a 5.35% coupon and maturity in 2036, to fund the Tía María copper project. The mine, designed with SX-EW technology and an annual capacity of 120,000 metric tons of refined copper, has already created 5,300 mostly local jobs and is scheduled to start operations in the third quarter of 2027.
Over its first 20 years, Tía María is projected to generate about US$24.1 billion in exports and US$6.2 billion in taxes and royalties for Peru’s Arequipa region, with a total capital budget of US$1.8 billion of which US$948 million is already committed. SPCC is simultaneously advancing the Michiquillay copper project in Cajamarca, expected to require around US$2.5 billion and begin production in 2032, underscoring the company’s long-term expansion in Peru amid supportive institutional and community conditions.
Beyond mining investments, SPCC highlights ongoing social programs in the Islay province and Arequipa region that aim to cut agricultural costs, boost productivity and deliver healthcare, education and infrastructure through Peru’s “Works for Taxes” mechanism. These initiatives are intended to align the company’s growth strategy with regional development priorities, potentially strengthening its social license to operate and its competitive position in the Peruvian mining landscape.
The most recent analyst rating on (SCCO) stock is a Sell
with a $131.50 price target.
To see the full list of analyst forecasts on Southern Copper stock,
see the SCCO Stock Forecast page.
Spark’s Take on SCCO Stock
According to Spark, TipRanks’ AI Analyst, SCCO is a Outperform.
High-quality financial performance (exceptional margins, strong and improving cash flow, and easing leverage) is the primary driver of the score. The rating is tempered by weaker near-term technicals (below key short/intermediate moving averages) and a relatively high P/E, with corporate events mixed due to supportive long-term financing but elevated leadership-transition risk.
To see Spark’s full report on SCCO stock,
click here.
More about Southern Copper
Southern Peru Copper Corporation, the Peruvian branch of Southern Copper and part of Grupo México, operates in the mining industry with a focus on large-scale copper production in Peru. The company develops projects such as Tía María and Michiquillay, aiming to expand refined copper output and related by-products while engaging closely with local communities and regional authorities.
SPCC emphasizes the use of modern extraction technologies and adherence to international environmental standards, positioning itself as a key player in Peru’s copper sector. Its investment program targets long-life deposits and integrates social initiatives in education, healthcare, and infrastructure to support regional development in areas like Arequipa and Cajamarca.
Average Trading Volume: 1,419,621
Technical Sentiment Signal: Strong Buy
Current Market Cap: $145.8B
For detailed information about SCCO stock, go to TipRanks’ Stock Analysis page.
