Southern Copper profit slipped 68% as prices plunged
Southern Copper Corp, the leading copper producer in Peru and Mexico, posted a 68 percent dip in second-quarter profit on slumping metals prices.
Rodrigo Suazo, a mining analyst at brokerage SAB Centura, stated:
We expected a negative result with such a big drop in metals prices.
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Tue, Jul 21, 2009
Post by Mike Rodger, Copper Reporter