Luis Bonilla - Southern Copper Independent Director

SCCO Stock  MXN 2,134  14.41  0.68%   

Director

Dr. Luis Miguel Palomino Bonilla, Ph.D. serves as Independent Director of Southern Copper Corporationrationration, He was a Director of the Company since March 19, 2004 and is a special Independent Director Nominee. He was Chairman of the board of directors of Aventura Plaza, S.A. since January 2008, Manager of the Peruvian Economic Institute since April 2009, Partner of Profit Consultoria e Inversiones since July 2007, director of the Master in Finance Program at the University of the Pacific in Lima, Peru since July 2009, and a director and chairman of the audit committee of the Bolsa de Valores de Lima since March 2013. He was a member of the board of directors of Access SEAF SAFI from December 2007 to April 2010. Dr. Palomino was previously Principal and Senior Consultant of Proconsulta International from September 2003 to June 2007. Previously he was First Vice President and Chief Economist, Latin America, for Merrill Lynch, Pierce, Fenner Smith, New York from 2000 to 2002. He was Chief Executive Officer, Senior Country and Equity Analyst of Merrill Lynch, Peru from 1995 to 2000 since 2004.
Age 58
Tenure 21 years
Professional MarksPh.D
Phone602 264 1375
Webhttps://www.southernperu.com
Palomino has held various positions with banks and financial institutions as an economist, financial advisor and analyst. He has a PhD in finance from the Wharton School of the University of Pennsylvania in Philadelphia, Pennsylvania and graduated from the Economics Program of the University of the Pacific in Lima, Peru.

Southern Copper Management Efficiency

The company has return on total asset (ROA) of 0.1559 % which means that it generated a profit of $0.1559 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.3238 %, meaning that it generated $0.3238 on every $100 dollars invested by stockholders. Southern Copper's management efficiency ratios could be used to measure how well Southern Copper manages its routine affairs as well as how well it operates its assets and liabilities.
Southern Copper has accumulated 6.25 B in total debt with debt to equity ratio (D/E) of 0.99, which is about average as compared to similar companies. Southern Copper has a current ratio of 3.59, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Southern Copper until it has trouble settling it off, either with new capital or with free cash flow. So, Southern Copper's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Southern Copper sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Southern to invest in growth at high rates of return. When we think about Southern Copper's use of debt, we should always consider it together with cash and equity.

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Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. Southern Copper Corporation is a subsidiary of Americas Mining Corporation. SOUTHERN COPPER operates under Copper classification in Mexico and is traded on Mexico Stock Exchange. It employs 13777 people. Southern Copper (SCCO) is traded on Mexican Exchange in Mexico and employs 30 people.

Management Performance

Southern Copper Leadership Team

Elected by the shareholders, the Southern Copper's board of directors comprises two types of representatives: Southern Copper inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Southern. The board's role is to monitor Southern Copper's management team and ensure that shareholders' interests are well served. Southern Copper's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Southern Copper's outside directors are responsible for providing unbiased perspectives on the board's policies.
Xavier Topete, COO, Director; President CEO of Southern Copper Minera Mexico
Gilberto Cifuentes, Independent Director
Lina Vilca, Comptroller
Vicente Andreve, Independent Director
German Velasco, Chairman of the Board
Luis Bonilla, Independent Director
Edgard Aguilar, Vice President of Exploration
Carlos Sacristan, Independent Director
Andres Ghislieri, General Counsel
Alfredo Perez, Director
Rafael Anciola, Independent Director
Julian Psihas, Secretary
Victor Pedraglio, Ma Relations
Enrique Mejorada, Independent Director
Oscar Rocha, President, Chief Executive Officer, Director
Raul Ruisanchez, Chief Financial Officer, Vice President - Finance, Treasurer
Rafael Abad, General Auditor

Southern Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Southern Copper a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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