• Southern Copper average return on tangible equity for 2023 was 34.4, a 2.17% increase from 2022.
• Southern Copper average return on tangible equity for 2022 was 33.67, a 19.2% increase from 2021.
• Southern Copper average return on tangible equity for 2021 was 41.67, a 105.88% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.