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Southern Copper Corp Seen Posting Strong 4Q Earnings -UBS
Feb 1,2011 11:14CST
industry news

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.

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