Southern Copper Leans On Byproducts As Peru Ore Grades Weigh On Copper
Southern Copper (NYSE:SCCO) is facing production headwinds as ore grades decline at key Peruvian mines. The company is responding by putting more focus on byproduct metals such as zinc and silver. Favorable pricing for precious metals is a key factor in this renewed emphasis on byproducts. This shift affects Southern Copper's long term production mix and potential revenue profile. Southern Copper, a major copper producer with core assets in Peru, is adjusting its approach as ore quality...
Southern Copper (NYSE:SCCO) is facing production headwinds as ore grades decline at key Peruvian mines. The company is responding by putting more focus on byproduct metals such as zinc and silver. Favorable pricing for precious metals is a key factor in this renewed emphasis on byproducts. This shift affects Southern Copper's long term production mix and potential revenue profile. Southern Copper, a major copper producer with core assets in Peru, is adjusting its approach as ore quality...