Southern Copper's Q3 Earnings Report: Sales Up Y/Y, Shares Down 6.1%

Southern Copper reported Q3 earnings of $1.35 per share, beating estimates of $1.25, with sales up 15% YoY to $3.38 billion. Copper production was down 6.9% YoY, while molybdenum production rose 8.3% YoY. Zinc and silver production increased 46% and 16.4% YoY, respectively. The company's operating profit was up 22% YoY to $1.77 billion, with adjusted EBITDA rising 17.3% YoY to $1.97 billion.