On July 23, Southern Copper Corp declined 3.15% in regular trading, trading at $188.48/share, with turnover of $33.17 million.

On the news front, the company disclosed during its earnings call that first-half copper production fell 3.8% to 461,206 tonnes, primarily dragged by declining ore grades at its Peru operations. The CFO indicated that 2027 output is expected to remain essentially flat year-over-year, with meaningful production growth to approximately 970,000 tonnes deferred until 2028, pending the commissioning of the $1.8 billion Tia Maria project. The delayed growth trajectory weighed on investor sentiment.

Within the Copper sector, the broader group traded lower in sympathy. Among peers, Freeport-McMoRan fell 2.78%, Ero Copper fell 1.67%, and TREKOR METALS fell 0.79%, reflecting sector-wide pressure.

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