Monday, May 21, 2012

Southern Copper Corporation - SCCO.n

http://canadastockjournal.blogspot.ca/2012/05/southern-copper-corporation-sccon.html


Southern Copper Corporation - SCCO.n is a primary copper producer with silver and other and by-products.

2011 saw sales of $ 6.8 billion and net revenues of $ 2.3 billion












On April 30, 2012 the company released Numbers

"April 30, 2012 - Southern Copper Corporation (NYSE and BVL: SCCO)
• First quarter 2012 (“1Q12”) sales reached $1,805.9 million, 13% higher than those of the 1Q11. We managed to increase our sales despite lower prices for our metals: copper price decreased by 14%, molybdenum by 18% and zinc by 16% year over year. This sales increase was the result of higher copper volume from increased production at all of our open pit mines.

• EBITDA in 1Q12 was $1,057.0 million, a significant increase of 27% year over year.

EBITDA margin increased from 52% in 1Q11 to 59% in 1Q12."
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