Southern Copper traded at $176.78 this Friday May 15th, decreasing $11.72 or 6.22 percent since the previous trading session. Looking back, over the last four weeks, Southern Copper lost 6.09 percent. Over the last 12 months, its price rose by 94.71 percent. Looking ahead, we forecast Southern Copper to be priced at 173.23 by the end of this quarter and at 162.99 in one year, according to Trading Economics global macro models projections and analysts expectations.
Southern Copper Corporation is an integrated copper producer. It produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. Its segments include the Peruvian operations, the Mexican open-pit copper mines and the Mexican underground mining operations segment identified as the IMMSA unit. The Peruvian operations segment includes the Toquepala and Cuajone mine complexes, and the smelting and refining plants, including a metals plant industrial railroad and port facilities that service both mines. The Mexican open-pit operations segment includes the La Caridad and Buenavista mine complexes, and the smelting and refining plants, including a metals plant and a copper rod plant, and support facilities that service both mines. The Mexican underground mining operations segment includes five underground mines that produce zinc, copper, silver and gold, and a zinc refinery.