SCCO is a $US80bn copper miner with operations in Peru and Mexico. Most of SCCO’s total revenue comes from Cu, often exceeding 80% in a given year, with the balance from Molybdenum, Zinc, silver, and other metals. SCCO is experiencing steady growth, supported by its focus on expanding copper production and ongoing investments in mining projects. The company is advancing major projects like the Tia Maria mine in Peru, which is expected to begin operations in 2027, and the Michiquillay project in Peru, which is set to start by 2032. These projects will add substantial copper output, growth that the share price has focused on.
- SCCO is delivering operationally, it reported revenue of $US10.94 billion for the 12 months ending September 30, 2024, a 5.03% increase YoY
- We like the risk/reward toward SCCO under $US100.
MM is bullish toward SCCO
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