Leonardo Copper morning well Mr. Thank welcome who everyone, CEO Oscar Contreras, XXXX Conference Gonzalez to you conference, as today's Southern Quarter and Call. Third Rocha, to At Board and and Copper's I'm also very as member. Carmen, Results much, Mr. Board good member Southern joined is of by
will In update production, today's questions. Southern the and with After financial call, open Copper's we will we projects operating review sales, on copper the begin an expansion session then to of our ESG. results, view for related cost, key results and market, this,
copper of focus per $X.XX of up average market. London us from increased quarter Metal $X.XX this price quarter. let on third Exchange XXXX, XX% the The copper Now an past to pound in the
the the Just we're reference, market on market a and XXXX. demand tons copper copper $X.XX. about for surplus as Based slight of today, price expecting about dynamics, is XXX,XXX supply a copper of --
demand. at Looking copper
are technologies promote demand with the consumer. see from demand. growth we one measures to coupled by resilient U.S. China, support expected economic a intelligence from bolster demand Furthermore, fuel will decarbonization we needs announced new Although and the from weak world's economic for copper believe long-term a recently largest and artificial copper economy, driven
production increase XX% quarter in stand look Copper tons. terms quarter. past a sales at third the quarter. represented an of at XX% for of Copper our let's quarter-on-quarter Southern in the the XXXX to Now of past XXX,XXX in production Copper's registered
Production reflects higher due a Cuajone La increased higher Toquepala. Buenavista in production an increase Toquepala Our our at terms, and grades by driven which Peru, mainly Mexican to higher quarter-to-quarter quarterly Caridad our -- X% ore and at and in mineral at in operations mine. throughput production recoveries was in at result XX%
of copper, XXXX, by our This over in For new growth at full at Buenavista Buenavista, concentrator, XXXX the which recovery we final production Zinc fueled be expect X% copper at facilities and of increase production produce higher SX-EW an tons capacity. Peru our XXX,XXX is print. operating at to will
represented mainly in a to For at is in third molybdenum, the and and of the per Buenavista price. of third lower of were recoveries. by La third currently year by Molybdenum results X% This by the it Molybdenum $XX.XX and the to sales at XXXX. the ore our prices mine quarter Caridad higher production quarter. by-product. decrease compared This first of per of ore XX% also recoveries. quarter due in this $XX.XX Peruvian to operations was company's value pound driven offset this averaged These in mine lower third to in XXXX, production partially of year production the grades increased and the the compares quarter pound due higher grades quarter and X%
represents which molybdenum, increase our production of tons XXXX an level. XX,XXX produce X% to expect we of XXXX, For over
XX% of quarter our third La This all at X% silver after represents third production of same by-product. Caridad. second year the Mined Silver of quarter was our production ounce with this per price XX% the period price. sales of our the represented Silver XXXX growth an currently quarter. with XXXX. value quarter average versus of a this $XX.XX of third increased the in exception is in This XXXX the operations, of rose versus
XX.X In refinery. our at XXXX, higher driven of by of offset Ilo produce quarter-over-quarter result the X% silver, by XXXX. million to a reduction by production silver La Caridad increased production to partially which XX% an Refined ounces -- This refinery. mainly at by was we decreased compared increase expect was
average refined a in XX,XXX with the third contributed quarter an Buenavista to zinc X% X% XXXX, at the Zinc driven of of increased $X.XX the value and production tons. total XXXX's quarter tons figure. XX% concentrator third the in production mine zinc price year by quarter quarter third in in This a compared our at was was mainly over of of production XXXX. This Mine the by I by of Barbara in third sales increase represented And per that XX,XXX increased remarkable Santa of Zinc for a increase zinc quarter. XX%. period. the pound new mine, production. this vis-a-vis represents the This production increase an with XX% the repeat,
The produce tons expect expected. of level. faster ramp-up concentrator XXX,XXX by an we're of that zinc, production our over will For XXXX, tons zinc. be of XX% growth than of increase been to produce driven production This represents which XX,XXX it to has will we our Zinc the Buenavista expecting XXXX
and year year. next XXX,XXX tons we zinc per on, produce For to expect of over
Looking at our results. financial
third This price. higher For increase sales $XXX a This difference the billion. is the than quarter for $X.X XX% by X%. Obviously, third the sales. came Copper and from in XXXX, volume by were value is quarter million increased the sales sales of better XX% of XXXX.
offset adjustments. due a rose to contribution sales were of we molybdenum of sales our XX% due much and in lower These Regarding X%. Zinc higher variances increase an and registered thanks the by-products, open sales to Zinc drop in the molybdenum to partially by sold volumes prices. negative plant of volume Buenavista of prices main better
and volumes. to due Finally, silver sales grew prices XX% higher
expenses Our by operating fuel. X% cost leachable materials, services reductions participation, consumption, increment contractors, total were third main translation energy, purchased difference, workers' $XX other and the and partially increments These The cost inventory XXXX. increased diesel has factors. water been quarter in offset compared to of cost and repair in of material copper, cost million or the and and operating consumption
in XXXX. $X,XXX the third EBITDA represented versus adjusted XXXX. The XX% the regards of this stood XXXX XX% million, EBITDA adjusted of quarter past of million was third $X,XXX to in of increase quarter quarter an third margin Adjusted in was of than months this at registered The quarter of which months the XXXX, EBITDA XX% is with the as stood XXXX. The million. XX% X margin versus of $XX,XXX the year, mark X year-to-date XX% at adjusted This for in X September, months XXXX. for EBITDA of the the XX% for
$X.XX credit, XXXX. this of to Southern for of including This the quarter Copper was benefit third similar operating cost cash the pound in the cost year quarter cost XXXX. was cash of cash by-product second the per
second $X.XXX, so pretty quarter cost. we the year, quarter $X.XX had we cash same. of have this this So past of much in And the
The cost production $X.XX $X.XX operating decrease in refined were the this of before the expenses. cost, charges refining the treatment per pound per on offset third in by-product sales. of This the is pound partially These cash from quarter a copper second is and cost and by XXXX. of for X% operating lower value year. below of This credits quarter was per result our cash cost administrative premiums lower pound
we credit had third zinc XX% the second in credits million, $X.XX total in by-products, year. second increased of we decrease These Other of that is and credits of represent per compare credit year. quarter $X.XX to acid the when to for pound this an which we one Regarding $XXX the third and compared quarter of when silver decreased has million figures this $XXX a or quarter. sulfuric molybdenum of the had of the pound for per and credit
quarter million in the XX% income income $XXX XXXX. represented with our margin third measures. stood which in the in strict mainly the third cost control a was were of of quarter XXXX. increase at XX% regard third XXXX Net and this driven third the versus quarter registered net XX% to quarter These in year of sales of improvements $XXX an million, in The increase by the
quarter growth activities net stood X million, for operating months X from the XXXX. was million XX% quarters to the income XX% months $X,XXX the year for XXXX. over stood cash the flow represents the in represented at an months months $X,XXX increase at which this $X,XXX flow activities the the reported of margin XXXX. of versus of Cash for of the versus the X of of million posted third compared of was quarter increase $X,XXX the an of of of figure in The In X% first of from the operating million XXXX. X year, net X months the X XXXX third $X,XXX million, income XXXX, XX% In XX% in which
For capital investments.
project. investments the competitiveness Zinc, capital El investments, and in capital forecast program including Pilar in the Mexico. of exceeds Los Arco Chancas in to in includes projects Peru Buenavista and El Michiquillay and $XX Tia investments the El key billion current Arco Maria, This infrastructure bolster Our and includes several investment projects
income year, XX% months X% net X spent which capital investments, the In of million year-on-year. and reflects this $XXX in uptick we represents a on capital expenses of
description is capital a I'm main that Given release, of for Copper's them. Southern focus each developments updating going on there of new to press project our in
jobs X,XXX indirect province. intend start Peru, we Tia For generated the jobs in will Of with from filled the of XXXX, September jobs. direct company region Islay were applicants. the be workers operations Maria's fill XXX required project more construction have possible, the local estimated which we to located extent with to of X,XXX year, the XXX we Tia When in during the Arequipa the jobs. project, generate To and the fullest as Maria those, of is than XXX
begin coming the the camp network, install and delimit expect months, In operators, points, we a properties update train topographic install living and activities. fence, build and roads access along temporary moving earth to
approved a project related and For $XXX CapEx million for XXXX, of budget has Board activity. our its the
in has In impact Peruvian the Los continue we will mining and Chancas the Once to begin assessment and the efforts hydrogeological geotechnical case activities. in this illegal eradicate environmental Apurimac the resume studies. process with project authorities, of concluded, coordination
to on geological We Los information a the drilling Chancas gather will XX,XXX also campaign of additional characteristics deposit. infield begin meter the
of Michiquillay the as region XX the on Peruvian of project Cajamarca, XX%. September is this program in the of the year, total exploration progress For
XXX,XXX XX,XXX meters chemical XXX,XXX have and program We core total meters on a drill drilled for samples obtained of analysis.
of will begin for geological interpretation the and to and currently studies modeling continue shortly. will Hydrological drilling underway. hydrogeological are resource for project Diamond related mineral information mineralization, the Geo-metallurgical sections will studies geological evaluation. and provide
Mark our and an for social production practices, Peru, governance operations Molybdenum governance awarded performance. certifications independent social environmental, and Copper responsible Ilo the following were with of Mark third-party the Toquepala X environmental, in and and corporate Regarding assessment Cuajone,
standard. that open been and copper We this pit operations. obviously certified under has molybdenum for are proud production to report our This Mexican applies also all the
with Regarding Research study cost the XX under laboratories built specialized in Works with Agustín equipped San the -- students researchers. engineering engineering Peru. and a at named de benefit education, which Taxes Arequipa, delivered will for de a laboratories was $XX XXX Nacional and X,XXX Center UNSA, to we Universidad facility, the for million This of is mechanism
Mexico, and private located in In has Cultural over buildings. Schreck culture, in obtained local Charcas education, and and volunteers the attraction to In first received the repurposing the the is of related in the Cultural visits summer XXX Center open architecture institutional state space, authorities. in a awards, sports. and considered began category, hosted which across this X,XXX which XXX Luis of to tourists, cultural place in is activities operations participants public The and Center, now Noldi health XXXX Potosi San from
which Cananea program We medical evaluated by XX Vagón, more our provided Fundación aids. needy in X,XXX Grupo provide the free eyeglasses Patients received years. candidates XX,XXX Mexico were people. more over Sonora medicine, of and last named has In is than a have visited program, that hearing to specialists health than México’'s September services services and to X,XXX -- year, has medical Grupo Dr. this Dr.
Vagón,
residents cataract their During these elderly surgery recover received help interventions, sights. XXX them to
we are Switching gears, dividends. talk about going to
other payable it is common record investment the the flow quarterly position, dividend. to on common on capital November determine you for the of needs Southern generation cash to Copper meeting close business October policy stock stock our of at this of of on XX per and at from review each Accordingly, of year, quarterly and of financial per X.XXXX As know, a XX to expected shareholders of $X.XX appropriate shares operations, cash company's share, year a plan of stock Corporation November dividend X. dividend share cash announced this
for very Ladies and joining Thank these today. comments, gentlemen, our end us. presentation much with you we
would like open questions. the for we forum Now to
