Southern Copper’s earnings, sales decline on lower prices

Feb 01, 2013 | 06:57 PM | Suzy Waite

Tags  Southern Copper, net income, copper, molybdenum, Raul Jacob

NEW YORK — Southern Copper Corp.’s net income tumbled 17.2 percent to $1.93 billion last year from $2.34 billion in 2011 as sales fell 2.2 percent to $6.67 billion largely due to lower commodity prices.

LME copper prices averaged $3.61 per pound in 2012 compared with $4 the previous year, and the average Comex price fell to $3.61 per pound from $4.01.....





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