DA MUCHA PENA DECIRLO, PERO YA SON VARIOS LOS ANALISTAS, QUE DAN ESE PRECIO A LA ACCIÓN QUE HOY COTIZA A LA BAJA A 13.70 DOLARES.
La baja en la producción de algunos metales y el bajo precio de estos que parece continuara más de lo esperado estan provocando, nuevas predicciones a la baja para la compañia.
Ya el viernes habia anunciado al suspensión del proyecto Tía María en Arequipa una inversión de mas de 1,000 millones de dólares, que hasta el pasado diciembre se daba por hecha.
Cabe señalar que la baja de 3.5% en el producto interno de USA, mirada desde un punto económico puede resultar engañosa si bien resultó menor a la esperada de 5% esta encierra un stock de venta de productos de gente que pensó que esta crisis seria pasajera y que saldrán a vender con las consecuentes pérdidas este trimestre haciendo que el trimestre caiga a niveles mayores y pondrá mas nervioso al ya nervioso mercado.
El problema de información radica en que los periodistas, son eso periodistas y no se saben informar analizando la noticia no ellos, ni en un análisis de 2 min. de una entrevista radial, sino algo más profundo. Bataría que vean el cuadro y piensen que algo que ha caído 5 veces no puede andar muy bien.
El Grupo señalo hoy lo siguiente :
$175.2 LOSS IN NET INCOME
Grupo México says 2009 will be a difficult year for metals
Grupo Mexico subsidiary Southern Copper Corp has posted a 4Q08 net loss of $124.7 million, no thanks to a strike and legal wrangling at its Cananea pit.Author: Dorothy KosichPosted: Monday , 02 Feb 2009
RENO, NV -
Grupo México reported a net income of $1.07 billion for 2008, a 34% drop from the $1.6 billion reported for 2007.
During the fourth-quarter 2008, Grupo lost $175.2 million in net income, down 203% from the fourth-quarter 2007, which recorded a net profit of $169.5 million. The decrease in revenues was blamed on the drop in metals prices in the fourth quarter and negative adjustments made to provincial sales pricing.
In recently released results, Grupo said, "We expect 2009 to be a difficult year for metals due to the fall in industrial production internationally and the difficulties in high consumption industries."
"However, we remain optimistic that demand will recover before year-end, supported by aggressive economic stimuli and infrastructure programs in the U.S. and China, as is the case in the majority of countries."
The company also announced it would cut its previously announced $1.3 billion capex by 61% to $515 million this year.
Grupo subsidiary Southern Copper Company announced that, "given the sharp drop in metals prices and economic deceleration, SCC is canceling the majority of its investment projects to reevaluate their viability and also to obtain prices from our supplies and engineering firms that reflect the current economic reality."
Meanwhile, subsidiary Minéra Mexico-Cananea announced that "given the drastic fall in copper prices and high extraction costs under which we have been operating the mine at Cananea, the company considers it's appropriate to save its reserves for better times when the company has legal and labor certainty that will ensure an efficient operation."
After two proposed Asarco reorganization plans presented by Grupo México were rejected by Asarco's independent board, Grupo said it "is studying and evaluating taking proper legal action to recover assets lost from Asarco due to the negligence of its independent board."
The good news is that the company "experienced a significant cost increase in energy, steel, and parts during most of 2008.However, these prices started to drop late 3Q08. During 4Q08, the prices of gasoline, electricity, and parts decreased 14%, 23%, and 21% respectively, as compared to 3Q08. We believe these downward trends will continue, which will result in lower production costs for the company over the next quarters, partially compensating for reduced metals prices."
During 2008 Grupo México reported copper production of 488,929 metric tons, a 17% drop over 2007. Molybdenum production increased 1.1% to 16,390 metric tons in 2008, while zinc production declined 11.6% to 106,920 metric tons. Silver production declined 19.1% to 383,058 kg (12.35 million ounces), while gold production dropped 33.9% to 465 kg (14,950 ounces). Sulfuric acid production increase 5.5% to nearly 1.7 million metric tons, as lead production increased 5.5% to 20,445 metric tons.
La baja en la producción de algunos metales y el bajo precio de estos que parece continuara más de lo esperado estan provocando, nuevas predicciones a la baja para la compañia.
Ya el viernes habia anunciado al suspensión del proyecto Tía María en Arequipa una inversión de mas de 1,000 millones de dólares, que hasta el pasado diciembre se daba por hecha.
Cabe señalar que la baja de 3.5% en el producto interno de USA, mirada desde un punto económico puede resultar engañosa si bien resultó menor a la esperada de 5% esta encierra un stock de venta de productos de gente que pensó que esta crisis seria pasajera y que saldrán a vender con las consecuentes pérdidas este trimestre haciendo que el trimestre caiga a niveles mayores y pondrá mas nervioso al ya nervioso mercado.
El problema de información radica en que los periodistas, son eso periodistas y no se saben informar analizando la noticia no ellos, ni en un análisis de 2 min. de una entrevista radial, sino algo más profundo. Bataría que vean el cuadro y piensen que algo que ha caído 5 veces no puede andar muy bien.
El Grupo señalo hoy lo siguiente :
$175.2 LOSS IN NET INCOME
Grupo México says 2009 will be a difficult year for metals
Grupo Mexico subsidiary Southern Copper Corp has posted a 4Q08 net loss of $124.7 million, no thanks to a strike and legal wrangling at its Cananea pit.Author: Dorothy KosichPosted: Monday , 02 Feb 2009
RENO, NV -
Grupo México reported a net income of $1.07 billion for 2008, a 34% drop from the $1.6 billion reported for 2007.
During the fourth-quarter 2008, Grupo lost $175.2 million in net income, down 203% from the fourth-quarter 2007, which recorded a net profit of $169.5 million. The decrease in revenues was blamed on the drop in metals prices in the fourth quarter and negative adjustments made to provincial sales pricing.
In recently released results, Grupo said, "We expect 2009 to be a difficult year for metals due to the fall in industrial production internationally and the difficulties in high consumption industries."
"However, we remain optimistic that demand will recover before year-end, supported by aggressive economic stimuli and infrastructure programs in the U.S. and China, as is the case in the majority of countries."
The company also announced it would cut its previously announced $1.3 billion capex by 61% to $515 million this year.
Grupo subsidiary Southern Copper Company announced that, "given the sharp drop in metals prices and economic deceleration, SCC is canceling the majority of its investment projects to reevaluate their viability and also to obtain prices from our supplies and engineering firms that reflect the current economic reality."
Meanwhile, subsidiary Minéra Mexico-Cananea announced that "given the drastic fall in copper prices and high extraction costs under which we have been operating the mine at Cananea, the company considers it's appropriate to save its reserves for better times when the company has legal and labor certainty that will ensure an efficient operation."
After two proposed Asarco reorganization plans presented by Grupo México were rejected by Asarco's independent board, Grupo said it "is studying and evaluating taking proper legal action to recover assets lost from Asarco due to the negligence of its independent board."
The good news is that the company "experienced a significant cost increase in energy, steel, and parts during most of 2008.However, these prices started to drop late 3Q08. During 4Q08, the prices of gasoline, electricity, and parts decreased 14%, 23%, and 21% respectively, as compared to 3Q08. We believe these downward trends will continue, which will result in lower production costs for the company over the next quarters, partially compensating for reduced metals prices."
During 2008 Grupo México reported copper production of 488,929 metric tons, a 17% drop over 2007. Molybdenum production increased 1.1% to 16,390 metric tons in 2008, while zinc production declined 11.6% to 106,920 metric tons. Silver production declined 19.1% to 383,058 kg (12.35 million ounces), while gold production dropped 33.9% to 465 kg (14,950 ounces). Sulfuric acid production increase 5.5% to nearly 1.7 million metric tons, as lead production increased 5.5% to 20,445 metric tons.
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