Southern Copper on Wednesday reported net income of $314.4-million for the first quarter, up 70% from $185.1-million a year earlier and 82% above the $172-million posted in the fourth quarter of 2016.
Southern Copper, owned by Grupo Mexico, is one of the world’s largest copper producers and operates mines in Mexico and Peru. The increase in profit came as copper prices rose 25% and zinc prices rose 65.8%, the company said.
