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Southern Copper says first quarter net profit drops 17.5pc

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The company's copper production rose 11.6 percent year-on-year in the Jan-March period, but net sales slipped 4.8 percent, Southern Copper said in its earnings statement.

It added that it expects the Peruvian government to issue a construction license for its long-delayed Tia Maria project in coming months.

Copyright Reuters, 2019