Southern Copper Corporation is a leading mining company that specializes in the exploration, extraction, and production of copper and other valuable minerals. The company's history dates back to 1952 when it was founded as a subsidiary of the US-based mining company, Phelps Dodge Corporation. Originally known as Minera Mexico, it started its operations in Mexico with a focus on copper mining.
Over the years, Southern Copper expanded its operations and acquired several mining properties in Peru, where it operates some of the world's largest copper mines, including the Toquepala and Cuajone mines. The company also owns and operates mining facilities in Mexico and Chile, making it a major player in the copper mining industry in the Americas.
Southern Copper's primary focus is on copper production, but the company also extracts and processes other minerals, such as molybdenum, zinc, silver, and lead, which are often found in association with copper deposits. The company's diverse portfolio of mineral resources contributes to its financial stability and overall growth.
Southern Copper Corporation is listed on the New York Stock Exchange (NYSE) under the ticker symbol "SCCO" and the Lima Stock Exchange in Peru under the ticker symbol "SPC." It has a strong market presence and is a component of various stock market indices, making it an attractive investment option for those interested in the mining sector.