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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) posted second-quarter net income of $159.6 million, compared with $301.3 million in the same quarter a year earlier.
The drop in net income was due to lower revenues tied to weaker copper prices, the company said.
Operating income totaled $408.5 million in the second quarter compared with $687.1 million in the same quarter a year earlier.
The company produced 169.3 million pounds of copper in the second quarter compared with 178.6 million pounds 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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