Business Context and Reporting Period
Company: Southern Copper Corporation (SCC)
Filing Type: Form 8-K (Current Report)
Report Date: November 2, 2011
Event Date: October 28, 2011
Reporting Period: Quarter ended September 30, 2011
This filing serves to announce the issuance of a press release regarding financial results for the third quarter of 2011 and the authorization of a quarterly dividend by the Board of Directors.
Key Financial Metrics
The filing text references a press release containing detailed financial results but does not explicitly state the specific values for revenue, profit, cash flow, margins, debt, or liquidity within the body of this 8-K document.
- Dividend Declaration: U.S. $0.70 per share.
- Record Date: November 16, 2011.
- Payment Date: November 29, 2011.
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 Board's authorization of the dividend payment.
Guidance, Outlook, and Risks
Management Commentary: The filing notes that the Board of Directors authorized the dividend on October 27, 2011. Detailed management commentary, outlook, and risk factors are contained in the attached press release (Exhibit 99.1) and are not summarized in the text of this 8-K.
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
- Verify the full text of the press release (Exhibit 99.1) for specific Q3 2011 revenue, earnings, and production figures.
- Confirm the ex-dividend date to ensure eligibility for the $0.70 per share payment.
- Review the attached exhibit for any updated guidance or discussion of copper price volatility and operational risks.