LIMA, Jan 31, 2011 (Dow Jones Commodities News via Comtex) -- Southern Copper Corp. (SCCO), a base metals mining company with operations in Mexico and Peru, is expected to post fourth-quarter earning per share of 64 cents, a 43.5% increase over the same period a year earlier, UBS said in a report Monday.
The bank said that sales in the fourth quarter are expected to be $1.46 billion, a 28.7% year-over-year increase.
The mining company is expected to have benefited from strong copper prices.
Third-quarter net income totaled $365.2 million or 43 cents a share.
Grupo Mexico (GMEXICO.MX) has a 75.1% stake in Southern Copper.