SMM7 March 29: the second-quarter results were released on Tuesday. During the reporting period, the company's copper production fell 1.3 per cent to 253097 tonnes from a year earlier, mainly due to a decline in the copper grade of Buenavista. At the same time, the production of Cuajone copper mine has increased significantly, mainly due to the improvement of ore grade and recovery.
In the first half of 2020, copper production in the southern copper industry rose 2.1 per cent year-on-year to 484981 tons.
Production and sales of various metals in Southern Copper Industry in the second quarter and the first half of the year
In the second quarter of 2020, the company's adjusted EBITDA was 770 million, down 18.3% from a year earlier, compared with $942.8 million in the same period last year, and net income was $259.5 million, down 35.5% from a year earlier.
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