In a recent filing, Luis Miguel Palomino Bonilla has updated his stock ownership in Southern Copper Corporation. The filing, submitted on October 30, 2026, indicates that Bonilla sold 100 shares of common stock on September 24, 2026. Following this transaction, he now owns a total of 1,403 shares. This update is significant as it reflects ongoing changes in executive stock holdings within the company.

Palomino Bonilla is a director at Southern Copper Corp, which operates in the metal mining industry. The company is known for its extensive mining operations and is listed under the ticker symbol SCCO. Southern Copper Corporation is a prominent player in the sector, and changes in its executive stock holdings can influence investor sentiment.

The filing states, "The correct number of securities beneficially owned following the reported transaction is 1,403 and not as previously reported." This correction highlights the importance of accurate reporting in the context of stock ownership.

This update may affect investor perceptions regarding the company's leadership and their confidence in the stock. As a director, Palomino Bonilla's actions are closely watched by shareholders and analysts alike.

The filing does not say what happens next.

Transaction Details

The filing reveals that the shares were sold at a price of $200 per share, indicating a total transaction value of $20,000. This sale was categorized as a disposal of shares, which is significant for understanding the liquidity and financial maneuvers of the director.

Ownership Structure

Following the transaction, Palomino Bonilla holds 1,403 shares of Southern Copper Corporation, maintaining a direct ownership stake in the company. This level of ownership reflects a personal investment in the firm's future performance, which could be viewed positively by investors.

Company Background

Southern Copper Corporation, incorporated in Delaware, operates primarily in the metal mining sector, focusing on copper production. The company has a fiscal year that ends on December 31, which aligns with many companies in the industry, providing a standard timeframe for financial reporting.

"The correct number of securities beneficially owned following the reported transaction is 1,403 and not as previously reported."

This statement underscores the importance of accuracy in SEC filings, as discrepancies can lead to confusion among shareholders and analysts.

Legal Representation

The filing was signed by Andres Carlos Ferrero, who acts as the Attorney-in-Fact for Palomino Bonilla, indicating that the director has designated a representative to handle these legal matters on his behalf.

The filing does not provide information on any future plans regarding additional stock transactions or changes in ownership by Palomino Bonilla.