July 24, 2019 / 2:45 AM / a month ago

Southern Copper second-quarter net profit drops 1.8%

LIMA (Reuters) - Southern Copper Corp (SCCO.N) said on Tuesday its second-quarter net profit fell 1.8% year-on-year to $402.4 million, due mainly to lower sales prices that offset a surge in production.

The company, a unit of Grupo Mexico (GMEXICOB.MX), produced 256,352 tonnes of copper in the second quarter, up 16.5% from a year-ago period, the firm said in its earnings statement.

Reporting By Mitra Taj, Editing by Sherry Jacob-Phillips

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