Base metals miner Sociedad Minera Cerro Verde SAA (CVERDEC1.VL) said it had a fourth-quarter loss of $100.4 million, compared with a $165.0 million net gain in the same quarter a year earlier.

The loss was mainly due to weaker revenues due to lower copper prices.

The company said that revenues totaled $26.1 million in the fourth quarter compared with $422.7 million in the same quarter a year earlier.

Cerro Verde is majority controlled by Freeport McMoRan Copper & Gold. (FCX) Compania de Minas Buenaventura SAA (BVN) and a subsidiary of Sumitomo Corp. (8053.TO) also have equity stakes in the company.

-Robert Kozak; Dow Jones Newswires; 511-9927 7269; peru@dowjones.com