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Fly News Breaks for February 5, 2018
SCCO
News For SCCO From the Last 2 Days
SCCO
SCCO
Apr 25, 2018 | 11:27 EDT
Reports Q1 revenue $1.84B, consensus $1.9B. Copper production decreased 4.2% in 1Q18 when compared with 1Q17, principally due to a lower production at the Buenavista SX-EW plant. "We have been obtaining lower ore grade in the pregnant leaching solution of this plant due to the lower solubility index in our new leach pads and the characteristics of the ore that is being deposited in such pads. The company has developed a 12 month corrective program to overcome this temporary reduction in production," the company stated. Silver mine production increased by 3.9% in 1Q18 when compared with 1Q17, mainly as result of higher production at the Buenavista and La Caridad mines, partially offset by lower production at the IMMSA and Toquepala mines.
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