Business Context and Reporting Period
Company: Southern Copper Corporation (SCC)
Filing Type: Form 8-K (Current Report)
Report Date: July 29, 2010 (Event Date: July 28, 2010)
Reporting Period: Second Quarter ended June 30, 2010
This filing serves to announce the release of financial results for the quarter ended June 30, 2010, and to disclose a new dividend authorization by the Board of Directors.
Key Financial Metrics
The filing text references a press release containing detailed financial results but does not explicitly state specific values for revenue, profit, cash flow, margins, debt, or liquidity within the body of this 8-K document.
- Dividend Declaration: U.S. $0.37 per share.
- Record Date: August 12, 2010.
- Payment Date: August 25, 2010.
- Authorization Date: July 22, 2010.
Material Changes
The filing does not provide comparative financial data or specific material changes in operational metrics versus the prior period. The primary material event reported is the authorization of the quarterly dividend.
Guidance, Outlook, and Risks
Management Commentary: The filing directs investors to the attached press release (Exhibit 99.1) for the full announcement of results and commentary.
Legal Disclaimer: The information furnished in this report and the attached exhibit is not deemed "filed" for purposes of Section 18 of the Securities Act of 1934 and will not be incorporated by reference into other filings unless expressly stated.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated July 28, 2010) for specific revenue, earnings, and production figures for the quarter ended June 30, 2010.
- Confirm the dividend payment schedule (Record: Aug 12, 2010; Payable: Aug 25, 2010).
- Verify the total dividend payout obligation based on the current share count.
- Check for any operational updates or commodity price impacts detailed in the full press release.