SOUTHERN COPPER CORP/
For the period ended May 29, 2026. Filed Apr 17, 2026.
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May 29, 2026 · Filed Apr 17, 2026
Contents
PAY vs. PERFORMANCE
In 2023, the SEC adopted final rules requiring public companies to provide, starting with our 2023 proxy statement, a Pay versus Performance disclosure. The following Pay versus Performance table (the “PVP Table”) provides the disclosure regarding executive compensation for our principal executive officer through 2025, Mr. Oscar Gonzalez Rocha (“PEO”) and our Named Executive Officers (“Non-PEO” “NEOs”) and the Company’s financial performance for the fiscal years 2025, 2024, 2023, 2022 and 2021 (each of 2025, 2024, 2023, 2022 and 2021, a “Covered Year”).
The following table discusses Total Compensation as calculated in the Summary Compensation Table (“SCT”) and Compensation Actually Paid (“CAP”) in accordance with SEC rules for Mr. Oscar Gonzalez Rocha, our former CEO in 2025 and the average of both compensation measures for our NEOs for the Covered Years. Additionally, the PVP Table discloses the selected peer group, as well as the Company’s net income, as disclosed in our Annual Report on Form 10-K for the year ended December 31, 2025. The PVP Table also provides information about the results for certain measures of financial performance during each of the Covered Years.
As required by Section 953(a) of the Dodd-Frank Act and Item 402(v) of Regulation S-K, we are providing the PVP Table and related information for compliance purposes only. Neither the Compensation Committee nor the executives of the Company directly use the information contained in the PVP Table or the related disclosures as presented when making compensation decisions. Because we do not link executive compensation actually paid to the Company’s financial performance, we have not included any financial performance measures in the PVP Table or related disclosures below.
| · · · · · · · · · · · · · · | |||||||
|---|---|---|---|---|---|---|---|
| · · · · · · · · · · Value of Initial Fixed $100 Investment Based on · · | |||||||
| Year · · Summary Compensation Table Total for Oscar Gonzalez Rocha(5) · · Compensation Actually Paid to Oscar Gonzalez Rocha(3) · · Average Summary Compensation Table Total for Non-PEO NEOs · · Average Compensation Actually Paid to Non-PEO NEO's(4) · · Total Shareholder Return(1) · · Peer Group Total Shareholder Return(2) · · Net Income (in millions) | |||||||
| 2025 | $1,298,630 | $1,298,630 | $419,294 | $419,294% | 64.8% | 82.6 | $4,334.90 |
| 2024 | $1,208,377 | $1,208,377 | $374,629 | $374,629% | 11.2% | -5.2 | $3,376.80 |
| 2023 | $1,171,116 | $1,171,116 | $358,855 | $358,855% | 49.1% | 20.1 | $2,425.20 |
| 2022 | $1,220,954 | $1,220,954 | $313,312 | $313,312% | 3.5% | 11.5 | $2,638.50 |
| 2021 | $1,462,085 | $1,462,085 | $359,650 | $359,650% | -0.3% | 34 | $3,397.10 |
| 1. | The comparison of total shareholder returns assumes that $100 was invested on December 31 of the prior year in Southern Copper Corporation and that dividends were reinvested when paid. |
| 2. | The selected peer group is the S&P Metals and Mining Select Industry Index, which is the peer group used by the Company for purposes of Item 201(e) of Regulation S-K. |
| 3. | To calculate Compensation Actually Paid (“CAP”) for the PEO on the PVP Table, there were no actuarial changes in pension value, pension related adjustments or equity award adjustments to report. Therefore, no adjustments were required to be made to the SCT total in accordance with SEC methodology for determining CAP for the PEO for each year shown. |
| 4. | To calculate CAP for the Non-PEOs NEO’s on the PVP Table, there were no actuarial changes in pension value, pension related adjustments or equity award adjustments to report. Therefore, no adjustments were required to be made to the SCT total in accordance with SEC methodology for determining CAP for the Non-PEOs NEO’s for each year shown. |
| 5. | As previously disclosed, Mr. Gonzalez Rocha passed away April 7, 2026. |
The following graph further illustrates the relationship between the Company’s total shareholder return and that of the S&P Metals and Mining Select Industry Index for the period indicated.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.