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FCX Fcx Intl

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0.00 (0.00%)
Share Name Share Symbol Market Type Share ISIN Share Description
Fcx Intl LSE:FCX London Ordinary Share GB0030756968 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Peru's Cerro Verde 1Q Net $106.2 Million Vs $352.1 Million

30/04/2009 2:00pm

Dow Jones News


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Base metals miner Sociedad Minera Cerro Verde SAA (CVERDEC1.VL) on Thursday said it had first-quarter net income of $106.2 million, compared with $352.1 million in the same quarter the year earlier.

The weaker net income was mainly due to weaker copper prices, it said.

The company said that operating income totaled $320.1 million in the first quarter, compared with $711.4 million in the same quarter the year before.

The company produced 166.9 million pounds of copper in the first quarter compared with 162.2 million in the same quarter a year earlier.

Cerro Verde is majority controlled by Freeport McMoRan Copper & Gold (FCX). Compania de Minas Buenaventura SAA (BVN), and a subsidiary of Sumitomo Corp. (8053.TO) also have equity stakes in the company.

-By Robert Kozak; Dow Jones Newswires; 511-221-7050; peru@dowjones.com

 
 

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