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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 SAA 4Q Loss $100 Million Vs Net $165 Million

05/02/2009 7:17pm

Dow Jones News


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Base metals miner Sociedad Minera Cerro Verde SAA (CVERDEC1.VL) said it had a fourth-quarter loss of $100.4 million, compared with a $165.0 million net gain in the same quarter a year earlier.

The loss was mainly due to weaker revenues due to lower copper prices.

The company said that revenues totaled $26.1 million in the fourth quarter compared with $422.7 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.

-Robert Kozak; Dow Jones Newswires; 511-9927 7269; peru@dowjones.com

 
 

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