• Southern Copper average ebitda margin for 2023 was 51.59%, a 8.84% increase from 2022.
• Southern Copper average ebitda margin for 2022 was 56.59%, a 4.23% decline from 2021.
• Southern Copper average ebitda margin for 2021 was 59.09%, a 27.05% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.