Southern Copper reports Q1 EPS $1.05, consensus 98c

Reports Q1 revenue $2.79B, consensus $2.69B. Reports Q1 adjusted EBITDA1.57B vs $1.68B last year.1Q23 net sales were $2,793.9M which represented growth of 1.1% with regard to 1Q22’s figure. Expansion was primarily fueled by an increase in the sales volumes of copper , silver and zinc. This was partially offset by a decrease in the sales volume of molybdenum . Metal prices fell for most of our products, with the exception of molybdenum.