Southern Copper Reports Negative Cash Cost Amid Strong Commodity Prices
Southern Copper (SCCO) reported a negative cash cost of -$0.11 per pound in Q1, driven by strong gains in silver, molybdenum, and zinc prices that exceeded mining expenses. Freeport-McMoRan (FCX) and Newmont (NEM) also showed robust performance with FCX posting four consecutive earnings beats and NEM achieving record free cash flow of $7.3 billion.
Topics: copper Freeport-McMoRan (FCX) Newmont (NEM) silver Southern Copper (SCCO) zinc