Peru's Cerro Verde benefits from higher copper prices in Q4

By Danielle Assalve / February 05, 2018 / www.metalbulletin.com / Article Link

Peru's largest copper producer, Cerro Verde, reported a surge in fourth-quarter 2017 net profits, with higher copper prices offsetting a decline in sales volumes.

The mine, operated by Freeport-McMoRan, recorded a net profit of $217.6 million in the last three months of 2017, up by 89.4% from $114.9 million in the fourth quarter of 2016, the company said.This was attributed mostly to higher realized copper...

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