Southern Copper Doesn’t Plan Cuts on Price Slump
The company said said it doesn’t plan to cut output or fire workers because prices would need to fall by a further 46 percent for the company’s mines to lose money. For full story, click here
Articles Tagged "southern"
Deutsche Bank rates Southern Copper (PCU) as Sell
Deutsche Bank had downgraded Southern Copper from Hold to Sell. Deutsche analyst said: We are downgrading PCU based mainly on valuation and the stock’s impressive rally – PCU has gained 70% in 6 trading days since hitting a low of US$9.84/share on October 27th compared with a gain of 18% for the S&P500. For full story, [...]
Southern Copper reduces 2008 copper output forecast
Southern Copper reported that it expects to produce 550,000 tonnes of copper in 2008, less than an earlier forecast of 650,000 tonnes. Chief Executive Oscar Gonzalez was quoted as saying: 360,000 tonnes would be produced in Peru and 190,000 tonnes in Mexico. For more information, click here Click here to visit company’s website.
