Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is Southern Copper Corporation (SCCO) Halal?

PASS

Southern Copper Corporation · NYSE: SCCO · Materials

The short answer

Yes — Southern Copper (SCCO) passes this Shariah stock screen on all three gates. It is an integrated copper producer (also molybdenum, zinc, silver) operating the Toquepala and Cuajone mines in Peru and the La Caridad and Buenavista complexes in Mexico, with no haram business segments. Grupo México owns 88.9% of the stock. The financial ratios pass comfortably: total debt of $6,750.7M is about 4.08% of its ~$165.34B market cap (829,917,000 shares × $199.22, October 1, 2026), below the ~33% ceiling, and interest income of $199.7M is about 1.49% of FY2025 net sales of $13,420.0M, below the 5% ceiling (both per the FY2025 10-K filed February 27, 2026). Zoya's public page also rates SCCO Shariah-compliant (September 2026), though its auto-generated page text contains one contradictory sentence — reported honestly. This is a factual screen, not a religious ruling; consult a qualified scholar for personal rulings.

Gate 1 — Business activity: PASS

Southern Copper Corporation (NYSE: SCCO), also listed on the Lima Stock Exchange, is an integrated copper producer — a Delaware corporation headquartered in Phoenix, Arizona — engaged in mining, processing, smelting and refining copper, molybdenum, zinc and silver. In Peru it operates the Toquepala and Cuajone mine complexes plus the Ilo smelter and refinery (through the SPCC Peru Branch); in Mexico, Minera México (99.998% owned) runs the La Caridad and Buenavista open-pit units and the IMMSA underground units. FY2025: 2,108.2M lbs copper produced, 2,067M lbs sold; revenue mix ~75.9% copper, 10.9% molybdenum, 5.7% silver, 3.6% zinc, 3.9% other (gold, sulfuric acid). Grupo México, via wholly owned Americas Mining Corporation, owned 88.9% of the capital stock at Dec 31, 2025. Business-screen implication (factual): the 10-K business description contains no alcohol, gambling, conventional finance, pork, tobacco, weapons or other haram segments. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per Southern Copper's FY2025 Form 10-K (filed February 27, 2026; SEC CIK 1001838), total debt at December 31, 2025 was $6,750.7M — long-term debt net of current portion $6,750.7M, current portion $0. Against a market cap of about $165.34B (829,917,000 shares × $199.22, October 1, 2026), debt ÷ market cap is about 4.08% — below the ~33% ceiling. Cash, cash equivalents and short-term investments of $4,909.2M ($4,304.6M cash + $604.6M short-term investments) are about 2.97% of market cap. The Q2 2026 10-Q (filed July 31, 2026) shows long-term debt of $7,994.4M after a June 2026 $1,250M notes issue — still far below the ceiling. The debt gate passes. Facts only.

Gate 3 — Non-compliant income: PASS

Southern Copper's FY2025 10-K (filed February 27, 2026) reports interest income of $199.7M against net sales of $13,420.0M — about 1.49% of revenue, below the 5% non-compliant income ceiling. Interest expense was $416.7M (capitalized interest $47.4M) and other income (expense) was ($47.7M) — none pushing non-compliant income above the ceiling. SCCO is a mining company, not a finance business; its cash sits in cash equivalents and short-term investments. The income gate passes. Facts only.

Key figures used

Frequently asked questions

What does Southern Copper do?

Southern Copper Corporation (NYSE: SCCO; also listed on the Lima Stock Exchange) is an integrated producer of copper, molybdenum, zinc and silver — a Delaware corporation headquartered in Phoenix, Arizona. It mines, processes, smelts and refines minerals through two country platforms: in Peru, the Toquepala and Cuajone mine complexes plus the Ilo smelter and refinery (run through the SPCC Peru Branch); in Mexico, Minera México (99.998% owned) with the La Caridad and Buenavista open-pit units and the IMMSA underground units. In 2025 it produced 2,108.2 million pounds of copper and sold 2,067 million pounds; revenue was ~75.9% copper, 10.9% molybdenum, 5.7% silver, 3.6% zinc and 3.9% other products (gold, sulfuric acid). Grupo México, through its wholly owned subsidiary Americas Mining Corporation, owned 88.9% of the capital stock as of December 31, 2025.

Why does Southern Copper (SCCO) pass this Shariah stock screen?

It passes all three gates. Gate 1 (business activity): copper/molybdenum/zinc/silver mining and smelting/refining — no alcohol, gambling, conventional finance, pork, tobacco, weapons or other haram segments in the 10-K business description. Gate 2 (debt): total debt of $6,750.7M is about 4.08% of its ~$165.34B market cap, below the ~33% ceiling. Gate 3 (non-compliant income): interest income of $199.7M is about 1.49% of FY2025 net sales of $13,420.0M, below the 5% ceiling. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

What is Southern Copper's interest-bearing debt ratio?

Per Southern Copper's FY2025 Form 10-K (filed February 27, 2026; SEC CIK 1001838), total debt at December 31, 2025 was $6,750.7M — long-term debt net of current portion $6,750.7M with a current portion of $0. Against a market cap of about $165.34B (829,917,000 shares outstanding × $199.22, October 1, 2026), debt ÷ market cap is about 4.08% — below the ~33% ceiling. Cash, cash equivalents and short-term investments totaled $4,909.2M ($4,304.6M cash + $604.6M short-term investments), about 2.97% of market cap. Note: the Q2 2026 10-Q (filed July 31, 2026) shows long-term debt of $7,994.4M after a June 2026 $1,250M notes issue — still far below the ceiling. The debt gate passes. Facts only.

What is Southern Copper's non-compliant income ratio?

Southern Copper's FY2025 10-K (filed February 27, 2026) reports interest income of $199.7M against net sales of $13,420.0M — about 1.49% of revenue, below the 5% non-compliant income ceiling. The 10-K also reports interest expense of $416.7M (capitalized interest $47.4M) and other income (expense) of ($47.7M) — none of which push non-compliant income above the ceiling. SCCO is a mining company, not a finance business. The income gate passes. Facts only.

Do Zoya, Musaffa, or ShariaPortfolio cover Southern Copper?

Zoya covers SCCO: its public page (zoya.finance/stocks/scco, last updated September 2026) states SCCO is Shariah-compliant and therefore considered halal to invest in, and reports interest income of $199.7M on revenue of $13,420M (1.49%) — matching the 10-K figures used here. Caveat, honestly reported: Zoya's public page is auto-generated template text that also contains a contradictory sentence ("not considered halal"), so the clean rating is only visible in the app; this page applies the screen directly from SCCO's own filings. Musaffa: no Southern Copper page found. ShariaPortfolio: no SCCO coverage found. All honestly reported as absent, not invented.

Sources

Screened 2026-10-01 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).