Director Luis Miguel Palomino Bonilla of Southern Copper Corp (NYSE: SCCO) executed a sale of 193 shares of the company’s common stock on March 13, 2026, according to a Form 4 filed with the Securities and Exchange Commission. The shares were sold at $174.60 apiece, producing total proceeds of $33,697.
Following the disposition, Palomino Bonilla holds 1,707 shares of Southern Copper directly. The sale was formally reported on March 18, 2026, with Andres Carlos Ferrero, identified as Attorney-in-Fact, signing the filing on behalf of Palomino Bonilla.
The timing of the director’s sale coincides with a recent pullback in Southern Copper’s share price. Since the March 13 transaction, the stock has declined to $166.72, a drop of 7.8% over the past week.
On the company front, Southern Copper Corporation released its fourth-quarter 2025 results, narrowly topping analyst expectations. The company posted earnings per share of $1.56, compared with a consensus forecast of $1.54. Revenue for the quarter came in at $3.87 billion, ahead of the anticipated $3.73 billion.
Despite the upside in quarterly results, Southern Copper’s shares fell in the open market. The decline followed broader weakness among U.S.-listed copper miners in premarket trading, driven by a drop in copper prices. The benchmark three-month copper contract fell 2.0% to $12,847 a metric ton during the move. Market commentary in the filing links that decline, in part, to a stronger U.S. dollar, which can exert downward pressure on dollar-denominated metal prices.
These sequential developments - an insider sale, an earnings beat, and contemporaneous commodity price weakness - illustrate the short-term volatility affecting the company’s stock. Movements in the copper price and currency dynamics were cited as immediate factors correlated with the recent trading action.
Clear summary
Luis Miguel Palomino Bonilla sold 193 shares of Southern Copper on March 13, 2026, for $33,697. The sale was reported March 18, 2026, with Andres Carlos Ferrero signing the Form 4. Southern Copper reported Q4 2025 EPS of $1.56 versus $1.54 expected and revenue of $3.87 billion versus $3.73 billion expected, yet the stock dropped amid lower copper prices and a stronger dollar, with the share price trading at $166.72, down 7.8% over the past week.