Southern Copper cuts 2013 production forecast

Jul 25, 2013 | 01:43 PM | Rey Mashayekhi

Tags  Southern Copper, copper guidance, copper production, Raul Jacon Ruisanchez, Buenavista Mine, Rey Mashayekhi

NEW YORK — Southern Copper Corp. has reduced its 2013 copper production forecast to 640,000 tonnes, down from an original guidance of 670,000 tonnes that was revised to 650,000 tonnes in February.

Chief financial officer Raul Jacob Ruisanchez said the reduction was due in part to flooding at Southern Copper’s Buenavista Mine in Mexico, which was responsible for an 8.2-percent decline in copper production in the second quarter compared....

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