Higher Costs at Root of Southern Copper’s Flat Q4 Profit

Mining Weekly reported that Southern Copper’s  net income for Q4 dropped modestly by 1 percent, year-over-year, pushed down by higher costs.

As quoted in the market report:

The global miner, a unit of Grupo Mexico, said capital expenditures rose 39.9% in the last quarter of 2012 To $386-million, and were a record $1.05-billion in all of 2012 – a 71.6% rise over 2011.

To view the full Mining Weekly report, click here.