Southern Copper profits fall sharply

Jul 23, 2013 | 03:13 PM | Rey Mashayekhi

Tags  Southern Copper Corp, second quarter, profit, copper, Grupo Mexico,

NEW YORK — Southern Copper Corp.’s earnings fell sharply in the second quarter on lower copper prices and a decline in production.

The company posted net income of $372.7 million for the three months ended June 30, down 33.9 percent from $563.5 million in the same period last year on sales that fell 15 percent to $1.41 billion. ....

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