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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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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 | |
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0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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0 | 0 | N/A | 0 |
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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