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Southern Copper Corporation

Southern Copper Corp is an integrated producer of copper and other minerals and operates the mining, smelting, and refining facilities in Peru and Mexico. Its production includes copper, molybdenum, zinc, and silver. The company operates through the following segments: Peruvian operations, Mexican open-pit operations, and Mexican underground mining operations. Southern Copper generates the majority of its revenue from the sale of copper and the rest from the sale of non-copper products, such as molybdenum, silver, zinc, lead, and gold. Its geographical segments are The Americas, Europe, and Asia.

Tia Maria Copper Project on Track to Reopen After Years of Closure

The Tia Maria copper project in Peru is closer to reopening. On Thursday (April 26), owner Southern Copper (NYSE:SCCO) said it has reached a settlement with a company blocking its development.

Southern Copper Chief Executive Oscar Gonzalez told Reuters that the legal injunction blocking the development of the US$1.4-billion project has been resolved, allowing the massive copper project to clear another hurdle on its way back to operation.

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Southern Copper Reports Positive Results in Q1

Southern Copper (NYSE:SCCO) has released its Q1 results detailing overall net income 49.7 percent higher than Q1 2017.

As reported by the company a higher price of copper (+19 percent) helped offset a decrease in overall copper production.

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