Southern Copper shares fell 12% in May copper production rose 11.6% in the first quarter from a year earlier

Published: Jun 11, 2019 07:53

Save

SMM6, March 11 / PRNewswire-FirstCall-Asianet /-reversing the 25 per cent rise in the first four months of 2019, Southern Copper (NYSE: SCCO) shares fell 12 per cent in May. In addition to the disappointing first-quarter earnings announced at the end of April, the fall in copper prices in May shook investors and pushed share prices lower.

The company reported net sales of $1.75 billion and net income of $388.2 million in the first quarter, down 4.8 per cent and 17.5 per cent, respectively, from a year earlier.

The company's copper production increased by 11.6% in the first quarter compared with the same period last year, while silver production and zinc production increased by 4.8% and 4.6%, respectively.

"[investment must see] Trade friction news flying all over the metal how to win in chaos?

"Click to enter the registration page

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

Share price of Southern Copper output of Southern Copper

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

9 hours ago

Easing Geopolitical Risks Boosted Copper Prices, Contango Structure Continued as the Price Spread Narrowed [SMM BC Copper Commentary]

9 hours ago

10 hours ago

Data: SHFE, DCE market movement (Mar 24)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 24 Mar , 2026

10 hours ago

12 hours ago

China First Heavy Industries Achieves Breakthrough with Successful Trial of 3500mm Copper Rolling Mill

China First Heavy Industries has successfully completed the trial rolling of the domestically designed and manufactured 3500mm copper and copper alloy wide and thick plate cold and hot rolling mill, the first of its kind in China, for Chinalco Luoyang Copper Processing Co., Ltd., achieving the goal one month ahead of schedule. This marks a major breakthrough for China in the field of high-end copper and copper alloy wide and thick plate rolling equipment.

12 hours ago