- Reuters•24 days ago
Mexican mining, rail, and infrastructure company Grupo Mexico swung to profitability in the fourth quarter, boosted by a lower tax payment. Grupo Mexico, one of the world's largest copper producers, reported a net profit of $95.9 million between October and December, compared with a net loss of $17.1 million in the same quarter in 2015. Revenue rose 3.5 percent to $2.1 billion, on increased production of copper and gold at the company's Buenavista mine in northern Mexico.
- Reuters•24 days ago
Southern Copper Corp on Tuesday reported a 183 percent year-on-year surge in its fourth-quarter net profit to $172 million as better metal prices and increased production from a recent mine expansion bolstered its sales. The result was under the mean market estimate of $298 million, according to Thomson Reuters I/B/E/S. The miner, which is headquartered in Arizona and owned by Grupo Mexico, said its copper production rose 21 percent to about 900,000 tonnes in 2016, a new company record, thanks to an expansion at its Buenavista mine in Mexico.
- Reuters•3 months ago
LIMA/PARACAS,Peru Dec 2 (Reuters) - Peruvian President Pedro Pablo Kuczynski said on Friday that he plans to travel to the Andean town of Cocachacra to discuss a drought and Southern Copper Corp's $1.4 billion Tia Maria copper project, which has been stalled since 2015 due to local opposition. Kuczynski has previously said he thinks he might be able to ease opposition to Tia Maria by building irrigation projects in a valley where farmers fear the proposed 120,000-tonne-per-year mine will use up water supplies and pollute their fields. Three anti-Tia Maria protesters were killed in clashes with police in 2011 and three more died in similar unrest last year, during the government of former President Ollanta Humala.
GMEXICOB.MX : Summary for GRUPO MEXICO, S.A.B. DE C.V. - Yahoo Finance
Grupo México S.A.B. de C.V. (GMEXICOB.MX)
Mexico - Mexico Delayed Price. Currency in MXN
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|Bid||62.06 x 10000|
|Ask||62.21 x 267000|
|Day's Range||60.35 - 62.91|
|52 Week Range||37.49 - 67.34|
|PE Ratio (TTM)||444.50|
|Dividend & Yield||0.03 (0.90%)|
|1y Target Est||N/A|