Southern Copper Q4 profit flat at $531.8 million

LIMA Thu Jan 31, 2013 4:56pm EST

Related Topics

LIMA Jan 31 (Reuters) - Southern Copper posted on Thursday net income of $531.8 million, down 1 percent from the same period a year earlier on higher costs and lower prices from some of its products.

The miner, a unit of Grupo Mexico, said capital expenditures were a record $1.05 billion in 2012.

"We will continue our investment program to increase copper production capacity by approximately 84 percent from 640,000 tons to 1,175,000 tons by 2017," the company said.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

A tourist takes a plunge as she swims at Ngapali Beach, a popular tourist site, in the Thandwe township of the Rakhine state, October 6, 2013. Picture taken October 6, 2013. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY) - RTR3FOI0

Where do you want to go?

We look at when to take trips, budget considerations and the popularity of multigenerational family travel.   Video