Southern Copper Corporation (NYSE and LSE: SCCO) announced today a quarterly dividend of $0.20 per share of common stock, payable on May 26, 2020, to shareholders of record at the close of business on May 13, 2020.

Despite the strong cash position of the Company and the reasonably good results for the quarter, due to the uncertainty of the metal markets and world economy, and the important expansions planned by our Company, the Board has taken in this occasion a more conservative approach regarding dividends. Consequently, our Board approved a dividend equivalent to 50% of what the Company has been paying in the last few quarters. Considering Southern Copper's strong financial condition and competitive cost structure, we have no doubt that SCC will pass the current difficult times and overcome the crisis.

Southern Copper Corporation is one of the largest integrated copper producers in the world and has the largest copper reserves of the industry. We are a NYSE and Lima Stock Exchange listed company that is 88.9% owned by Grupo Mexico, a Mexican company listed on the Mexican Stock Exchange. The remaining 11.1% ownership interest is held by the international investment community. We operate mining units and metallurgical facilities in Mexico, Peru and conduct exploration activities in Argentina, Chile, Ecuador, Mexico and Peru.

Contact:

Tel: (602)264-1375

(C) 2020 Electronic News Publishing, source ENP Newswire