Southern Copper Expects Output Of The Metal At Its Peru Mines To Rise 17% This Year Vs 2022 To 400,000T; Significant Recovery In Peru Will Be Key Driver Of Firm's Annual Total Copper Output Rising 4% To 932,000 T
Portfolio Pulse from Benzinga Newsdesk
Southern Copper Corporation (SCCO) expects a 17% increase in copper output from its Peru mines this year, reaching 400,000T. This significant recovery in Peru will be a key driver of the firm's annual total copper output, which is projected to rise by 4% to 932,000T.
September 21, 2023 | 2:58 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Southern Copper's projected increase in copper output from its Peru mines could potentially boost its stock price.
The projected increase in copper output from Southern Copper's Peru mines indicates a positive outlook for the company's operations. This could potentially lead to increased revenues and profitability, which would likely have a positive impact on the company's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100