Southern Copper VP Of Finance Says Co Plans To Break Ground On $1.4B Tia Maria Project In Peru By Latest Early 2025; Expects To Increase Copper Production In Peru By 20% This Year, Compared To 2023 When It Extracted 374,149 Tonnes Of The Metal
Portfolio Pulse from Benzinga Newsdesk
Southern Copper plans to start the $1.4B Tia Maria project in Peru by early 2025 and expects to increase copper production in Peru by 20% this year, compared to 2023's 374,149 tonnes.
May 21, 2024 | 2:11 pm
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Southern Copper plans to start the $1.4B Tia Maria project in Peru by early 2025 and expects to increase copper production in Peru by 20% this year, compared to 2023's 374,149 tonnes.
The announcement of the Tia Maria project and the expected 20% increase in copper production are positive indicators for Southern Copper's future revenue and production capacity. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100