SOUTHERN COPPER CORP/

The Company's operations and financial results are subject to various risks and uncertainties, including those described in “Risk Factors” included in Part I, Item 1A of our Annual report on Form 10-K for the year ended December 31, 2025 filed with the SEC on February 27, 2026. The following supplements and updates the risk factors previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2025.

Geopolitical tensions and potential military conflicts may materially affect our business, financial condition and results of operations.

Current and potential military conflicts, along with heightened geopolitical tensions globally, including the ongoing conflict between Israel/Iran and instability in Eastern Europe could adversely impact our operations, global economic conditions and commodity markets. Such events may cause significant disruptions to global supply chains, such as delays in shipping through critical routes like the Strait of Hormuz, increased costs for fuel and energy, and restricted access to key raw materials for our operations. These conditions may result in higher operating costs and reduced margins.

Such conflicts may also contribute to market volatility, fluctuation in foreign currency exchange rates, access to capital and investor sentiment, which could adversely affect our stock price and the cost of financing. Furthermore, the imposition of economic sanctions, export controls or other trade restrictions by the U.S. or other governments may limit our ability to conduct business in certain regions, disrupt international trade flows and affect demand for our products.

Although we maintain risk management and mitigation programs, we cannot assure that these measures will successfully prevent or lessen the impact of political, regulatory, and trade-related risks on our operations and financial results. If these tensions escalate or persist, our financial condition and results of operations could be materially and adversely affected.

Our business depends upon information technology systems that may be adversely affected by disruptions, damage, cyber-attacks, failure and risks associated with implementation and integration.

Our operations depend upon information technology systems that may be subject to disruption, damage or failure from different sources, including, without limitation, the installation of malicious software, security breaches, cyber attacks and defects in design. In recent years, cybersecurity incidents have increased in frequency and include, but are not limited to, malicious software, attempts to gain unauthorized access to data and other electronic security breaches that could lead to disruptions in systems, unauthorized release of confidential or otherwise protected information and the corruption of data. Evolving cybersecurity risks, including the use of artificial intelligence (AI) and machine learning by attackers to enable sophisticated attack techniques or methods, as well as risks arising from compromised, misused, or autonomous AI systems, including frontier large language models and AI agents. Advanced AI technologies may increase the speed, scale, and sophistication of cyber-attacks through the exploitation of previously unknown vulnerabilities and the rapid identification and combination of weaknesses and misconfigurations that are increasingly difficult to predict and detect.

We have implemented measures for managing and treating potential risks through an information security management system that conducts ongoing monitoring, and ensures the application of controls that are frequently reviewed and tested (as described in Form 10-K, Item 1-C, Cybersecurity).

Given the unpredictability of the timing, nature and scope of information technology disruptions, we could potentially be subject to manipulation or improper use of our systems and networks, operational delays, situations that compromise

confidential or otherwise protected information, destruction or corruption of data, security breaches, reputational damage and erosion of stakeholder trust, or financial losses from remedial actions, any of which could have a material adverse effect on the cash flows, competitive position, business operations, financial condition, or results of our operations.