Southern Copper reports lower Q4 profit as sales, prices slip

Dual-listed Southern Copper has reported a 14.3% slide in fourth-quarter profit, as lower sales and lower realised prices have impacted the bottom line. The Integrated copper producer, which operates mines in Mexico and Peru, said on Wednesday that income for the three-months ended December fell to $348-million, or $0.43 a share, beating average analyst expectations of earning $0.38 a share, on revenue of $1.5-billion.