5 Largest Mining Companies by Market cap

3. Southern Copper Corporation (NYSE:SCCO)

Market cap: $62.576B

Southern Copper Corporation (NYSE:SCCO), a prominent integrated copper producer with a global reach, is headquartered in Phoenix, Arizona. The company strategically operates major mining and smelting facilities in copper-rich countries such as Mexico and Peru. Southern Copper’s noteworthy mines include Cuajone and Toquepala in Peru, as well as the Buenavista mine in Mexico.

In the third quarter of 2023, the company disclosed a net income of $619.5 million, reflecting a substantial 19.4% increase compared to the same quarter in 2022. During this period, Southern Copper Corp (NYSE:SCCO) achieved a copper production of 226,120 tons.

Remarkably, Southern Copper’s shares have experienced significant growth, surging by over 64% in the past year. This noteworthy performance stands out in the industry, as the company distinguished itself as one of the only two major copper firms to achieve revenue improvements in the latest quarter. Southern Copper’s robust financials and operational achievements underscore its resilience and effectiveness in navigating the dynamic landscape of the copper market.