Minsur profits jump to US$44.3mn in 2007

Peruvian tin miner Minsur made 131mn soles (US$44.3mn) in net income during 2007 compared to 105mn soles in the previous year on high metal prices, the company reported to securities regulator Conasev.

Minsur's net sales amounted to 476mn soles in 2007 compared to 276mn soles in 2006 while costs rose to 79.6mn soles last year from 61.7mn soles in 2006.

Minsur produces tin concentrates at its smelter and refining operation in Pisco.

The company did not provide tonnage production figures or other operational details in its financial statement.

Publication: Business News Americas - English News
Provider: Business News Americas
Date: February 1, 2008

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