Business Context and Reporting Period
Company: Southern Copper Corporation (SCC)
Filing Type: Form 8-K (Current Report)
Report Date: October 28, 2016
Event Date: October 27, 2016
Context: The filing announces the issuance of a press release regarding financial results for the quarter ended September 30, 2016, and a new cash dividend authorization.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are referenced as being contained within the attached press release (Exhibit 99.1) but are not detailed in the body of this 8-K report.
Material Changes and Corporate Actions
- Dividend Declaration: On October 20, 2016, the Board of Directors authorized a cash dividend of $0.05 per share of common stock.
- Payment Schedule: The dividend is payable on November 29, 2016, to shareholders of record as of the close of business on November 9, 2016.
Guidance, Outlook, and Risks
The filing text does not contain specific management commentary, forward-looking guidance, risk factors, or contingencies. It serves primarily as a notification of the press release and dividend declaration. The report explicitly states that the information furnished 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
- Verify the full financial results for the quarter ended September 30, 2016, by reviewing the attached press release (Exhibit 99.1).
- Confirm the record date (November 9, 2016) and payment date (November 29, 2016) for the $0.05 per share dividend.
- Review the press release for any material changes in copper production volumes or pricing that may have driven the Q3 results.