results conference, morning, very XXXX welcome of review today's and Mr. will After Board much, Board Mr. Southern you well Contreras, CEO everyone, with the Gonzalez an Results projects key view call, Southern our then and joined Rocha, we expansion begin Oscar for Carmen. to session operating the Call.
At member today's this, Quarter Thank Copper sales, Second markets who Good and member.
In on is of a copper by results, open Copper's production, cost, related to Copper's update Conference questions. we financial as as will I'm Leonardo Southern ESG. also and
copper up us in The quarter. $X.XX price of focus Exchange copper an the XXXX, XX% producers this That's deficit tons percentage XXXX. slightly supply X.X%. of pound increase Based $X.XX for several expecting the per cuts or of let X.X% of we copper Metal and about to on At increased quarter announced a market will date, point. information in London from that the by average production XXX,XXX time, by estimate copper this other on second market. the X.X about Now point we're to
from and demand demand price. its real intelligence and from new mainly estate artificial supporting technologies the at China as copper resilient we even demand demand, U.S. a weak Looking are as our economy see though market, well decarbonization
represented XXX,XXX sales terms quarter the in XX% Southern to year. the quarter-on-quarter Copper's production second our second Now stand Copper the in this for quarter. at at let's Copper production past tons. look quarter in of of
production which a by at XX%, Our XX% higher this its due and boosted Caridad partially was in Toquepala in Inca. by improvement in at offset in quarter-to-quarter mine, terms, decrease by driven And our production ore by the mine, growth Buenavista to at X.X% Mexican operations by increased was at higher increased increase a quarterly our grades.
Production production which mainly La Peru. production the reflect results
were Silver expect facilities the lower at produce and in was Zinc results XX% tons.
Growth print. expect mainly of at to be offset average per Ilo La with operations Buenavista increase compared Buenavista final These compared XXXX higher to ounce we copper and production our compared $X.XX XX% was new in increased of of the by our zinc XXXX, our higher and of will SX-EW operations. increase by new period an driven production XXXX. recovery our sole XXXX mine. is produced represents second XX.XX fueled Caridad to per capacity.
Molybdenum increased of the due the million Buenavista Zinc For level. at production in quarter of XXX,XXX last XX% production of concentrator, of of [Audio silver, production refineries.
In XXXX, quarter -- which price the in all ore year, silver the year, increased This to quarter increase XX,XXX at concentrator of represented driven by the quarter increase This XXXX zinc at averaged exemption our primarily second XX.X operating pound in XXXX, of the second which we Gap] by which production mainly full increase growth year. $XX.XX production sales the to of the quarter company's by is by with our of this we the pound an currently produce of is totaled second second price second prices year tons Molybdenum This value in represents $XX.XX X%. production XXXX last price and of of Mined and pound the this per in by-product. vis-a-vis year. X% in an first XX% our Refinancing by-product. grades. Refined second versus quarter in at last the an last in molybdenum, same sales XXXX, increased was XX% price. increased and to the expect represents XX,XXX per at production with by of La at the same value Peruvian mine a reflected quarter Silver XXXX our production which by driven an quarter, silver Chancas second of Buenavista ounces year. which of production year. this Inca, in value XX% increase by mine.
In mine of quarter an the $XX.XX sales quarter quarter-on-quarter quarter-over-quarter, to -- X% the average an in growth Caridad production rose X% the the to our represented over the of second the XX% quarter, represented the period tons XXXX currently second produce versus of XX,XXX quarter of second X% partially Molybdenum X%
level. year, expect which of our XX% we of XXX,XXX over this an XXXX to For zinc, produce represents tons increase production
ramped will are will XX% which at have expected we growth driven that in this to tons, than Buenavista increasing production be zinc concentrator our year.
This production XX,XXX planned. up has our better So by zinc for
volumes XX% Also, primarily on, Expansion net our zinc per sales XX% by This with For an were had of zinc we by increase increase XX% XXXX increase, in past increase grew the which silver produce second molybdenum of year.
Financial to of growth increase fueled represented which sales and in regard of tons all year, for we in and XX% of XXX,XXX net X.X%, of sales volumes. quarter to results. million, prices an year. copper, products. $X,XXX was expect the
the and workers' cost The and year, we are for explosive rate materials, operating and we expenses, sales main somewhat other cost factors. savings, steel, total and of second year. partially contractors or increment X% last in These controlling. cost and been energy by the increased the by offset volume increase contractors media, several when expenditures, costs to such associated monitoring of sales costs. materials however, reductions in tires and a grinding decrease in cost has Our exchange higher as half growth and has and copper production offset expenses million increments These and saw were cost materials, power unitary repair been the maintenance closely and in an first operating variance.
In $XXX by compared in quarter which with services, participation,
Looking at our EBITDA.
of was in period margin EBITDA $X,XXX XXXX. increase an in of $X,XXX The XX% the last half the than XXXX, same this of regard XXXX, with was X,XXX which in for second the had of X months million, we months quarter what this X quarter million. XXXX.
Cash The the million EBITDA of registered of same the XX% adjusted adjusted in represented of Adjusted is period XX% the same versus second EBITDA the quarter. year the XX% second margin higher at adjusted XX% at of EBITDA of year year, stood first year. cost. XX% This The at the the stood period to versus in
cost cash by-product benefit This first we XXXX. than was including XX% a cost. cost cost, the $X.XX $X.XX cash $X.XX of in the cash had second of reduction lower quarter pound per credits in is was the for of the quarter operating as Copper This Southern of cash XXXX.
operating by-product had Before we higher by-product cost treatment credit, reflects costs and the by cost for the than credit offset that administrative of This refining this per quarter pound operating production premiums, was is expenses, This pound the $X.XX from higher partially X% XXXX. value -- in by per $X.XX these cash the charges. cost past higher increase quarter. lower lower increase cash before cost, in an that and first were
the for or of $X.XX this increased sulfuric this credits a in quarter increase the and had of the represent pound in compared we year. These acid. we when zinc per silver quarter second credit with molybdenum, year. $X.XX by-products, and that of total XX% first in Regarding a had million figures credit byproducts million $XXX somehow decreased Total of have for or $XXX
XX% by XX% income net $XXX exploration $XXX of related net the decrease of costs was compared the than represents XX% represents This driven in in in Cash working The -- reasons.
Cash mainly last capital was at the second which margin second Mexican second stood sales, at a of a affected quarter XXXX. year the mainly posted $X,XXX basis, income which quarter increase operating first a year. and million, in in was in of to a partially similar higher accounts in operations million XXXX quarter half income regard flow the year-on-year activities to with of operating in million, from the was operations. months for in from year XXXX. which the increase volumes, of second of by increase this XXXX X net expenses. On registering quarter XX% of The was months G&A by was higher $X,XXX by X an XX% XX% $XXX receivable increase the to Cash million this our which offset million, sales increase a driven flow significant was versus
an $XXX competitiveness Zinc, a the investments in unit Maria, El graduated reported today. quarter completed and reflected of capital to investments, This our Michiquillay copper we second operating is -- billion, concentrator, The increase Mexico. first tons spent and quarter status. of the XX% the XXXX, of $XXX press to reflects income Southern of of Los includes half Peru investments updating XX% For in which capital for included I'm to zinc exceeds the Copper's in capital current and it investments, and investments, in expectations, the spent we according the the to capital and Pilar which and represents and going of Tia El on million new on expenses this impact forecast income a increase the over there projects Buenavista including it's quarter. project.
In developments main focus represent Arco infrastructure this net concentrator our of description the project and X,XXX the each. several on release, program ramp-up operating capital year-on-year.
Since from the projects projects of year, includes Buenavista capital XX,XXX key This $XX zinc figure quarter, second Zinc In of is which in tons bolster XX% past investment we producing in million our in capital Arco XX% net investments, El at of Chancas year,
years. year. with tons XX,XXX of copper this of expect projections indicate X this per Our we of the in that producing and of an facility zinc will XXXX XX,XXX tons average generate plan the we And comply tons year to next XX,XXX
projects, which the to project, Peruvian a project tons per located This environmental technology Peru. in year. of have the Tia will we a For Arequipa, highest XXX,XXX SX-EW with copper SX-EW Maria the project standards greenfield use cathodes is state-of-the-art produce international
Southern Copper the of has promoted population province consistently the of and Islay Arequipa region. the welfare
care As health efforts, the to successful region. social part these in and implemented we of education, productive programs life the development of in have quality improve
Islay As at fronts of restarted of the region the as We scheduled will the province fog on project, Tia among X,XXX generate political XXXX, Maria the significant and Islay, a of and the activities view fence has opportunities at social X level. and other Arequipa well region.
In July national economic this advances for reiterate year, the Maria activities company in the live reflects will, social catchers. which Arequipa the install Tia company our as and the that province
Maria’s to jobs. intend will XXX from province. of we Southern To XXXX XXX jobs fullest that operations we workers jobs we mine When in generate Tia X,XXX construction, jobs to will X,XXX to start the the we expect the generate activities generate work in expect fill XXXX, direct the the and generate earth-moving possible, which local indirect Islay direct for extent jobs also this begin will these All with out Copper during roll project X,XXX XXXX, year. the estimate direct construction will population.
In over year. an
last totaled Islay X in in programs $X.X million social Our years. the
of improving by production cutting-edge Our in current a the with programs cost technology. agricultural promote reduction productivity
we to " via Additionally, centers will X,XXX for access the working students. facilities, to the schools, are the health Maria research On generate Arequipa Internet committed top for roads school high-performance in to Arequipa historical we and of are work taxes" we first $X,XXX revenues prices, its day of developing region mechanism.
Tia significant with provide from operation. current export million million and of region capital of taxes $XX,XXX The one Maria operation. copper its $X.X At Tia expect for XX royalties is and reviewing years budget in billion. company during contribute currently to this, the
update year-end. We by will this budget
we located authorities eradicate the in illegal efforts project initiate Apurimac the the Once hydrogeological resume Peruvian completed, mining Chancas this Peru, the in with continues company activity. region and coordinate assessment impact process will Los to For to is environmental
as well as studies. geotechnical
conduct will for Los the XX,XXX gather of diamond characteristics also We a campaign the meters additional drilling Chancas on information deposit.
the project drilled Diamond on the total region and We of stood For of of Peru, evaluation. core cross-section resource XX,XXX obtained exploration for this in Cajamarca interpretation, and June underway, for Michiquillay program meters modeling which provide chemical data project as year, meters the XXX,XXX XXX,XXX a advancement on XX%. XX will total at analysis. of drilling geological is samples
will month, hydrogeological This we begin geotechnical studies will commence. and in August, studies
the also metallurgical assess of deposit will testing We at August. the in results
Fenicias Southern the report by energy reduce Grupo which this by from approximately our footprint. COX park, equivalent Corporate X% are of is to year, the XXX,XXX per of receiving is operated we Environmental, carbon Infraestructura. ESG tons to Mexico or will Governance will X company which Copper's This & practices, wind begin emission eolic on For year, August Social glad that
and Southern specificity Sustainability commitment social the and of in the environmental, Copper and performance, areas. Report, information recently published improving regarding its our granularity Development governance significantly efforts
following Sonora, this, human Copper evaluation from production certifications certified for Consequently, is performance independent Mark in mine zinc molybdenum has of our and our The responsible open matters, and standards. received a Buenavista in on Mexico Zinc by pit governance currently Mexican Mark the production Our Molybdenum The including Mark, and social Mark environmental, rights. copper, operation third-party all
workers than have people For this XXXX sorry, At and in our opportunities of Education, program seeks XXX -- IMPULSA attainment education present, XXX degrees. there I'm workers in qualify From our and to with to are date, graduated. primary bachelors' Mexico of certification secondary provide program more XXX,XXX for actively in to have XXX participating and participated IMPULSA.
Jorge adviser participated XX XXXX For coach swimming Human and in qualified competitions. Iga, Paris Mexican freestyle. of Development, Mr. after team, the our the Iga's XXX-meter academies in sports the students to for Games Thanks the operations' record support, XXXX, X the Olympic for top-level Sonora breaking from
announcement. Dividend
Accordingly, per financial of from the stock of common July This quarterly this on per year, it Copper review shares is August expected stock X.XXXX year policy share to and Regarding close business Southern at dividend. cash of record XXXX XX, plans dividends, share. each as a know, investment position, dividend a stock announced of shareholders of of dividend quarterly and you to to this other flow of our XXXX. the common payable cash generation X, is company August $X.XX on of a on cash determine meeting Corporation appropriate needs capital operations, Board at XX
joining these comments, Thank with presentation much gentlemen, and our Ladies you us. we today. very for end
would we forum Now for like the questions. open to
