Southern Copper Prices $1.25 Billion Notes to Fund Tia Maria Project

By Greg Peters • Wednesday, June 17 16:02 • Permanent Link

Southern Copper priced $1.25 billion of unsecured notes due 2036 at a 5.350% coupon in a registered public offering announced June 16, 2026.

The company said the notes are expected to close on or about June 24, 2026. The debt will be general unsecured obligations and will rank equally with Southern Copper’s existing and future unsecured, unsubordinated debt.

The proceeds are earmarked for Southern Peru Copper Corporation, its Peruvian branch, to fund development of the Tia Maria project, capital spending, and general corporate purposes, including working capital and short-term expenses.

The financing comes as Southern Copper continues to lean on its Peru operations: the company said the funds will support both the project pipeline and the broader capital expenditure program at SPCC. Today the company's shares have moved 0.19% to a price of $194.905. Check out the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.