GMBXF announced a cash dividend of 0.80 with an ex-date of Feb. 29, 2024
|0.0000 x 0
|0.0000 x 0
|4.8300 - 4.8500
|52 Week Range
|4.0200 - 5.6300
|Beta (5Y Monthly)
|PE Ratio (TTM)
|Forward Dividend & Yield
|Feb 29, 2024
|1y Target Est
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A 2014 toxic spill in a Mexican river blamed on Grupo Mexico was not an accident but a result of negligence, the country's environment minister said on Thursday, while urging the mining conglomerate to create a new plan to remediate the damage. "It was not an accident, it was negligence," Environment Minister Maria Luisa Albores said, adding that the government filed a complaint in August against the company, one of the world's largest copper producers. Grupo Mexico failed to remediate the river's water and soil and did not provide the funds to carry out proper works for the environmental recovery of the area, according to Albores.
The U.S. government said on Tuesday that it has requested its first dispute-settlement panel invoking labor rules under a North American trade pact, in an effort to resolve a long-running workers' conflict at Grupo Mexico's San Martin mine. The United States in June asked Mexico to review allegations of worker-rights abuses at the mine under the U.S.-Mexico-Canada Agreement (USMCA), but Mexico said the matter did not qualify for review under the trade deal. In a statement, the Office of the U.S. Trade Representative (USTR) said it disagrees with the Mexican government's determination.
U.S. labor officials on Friday asked Mexico to investigate alleged worker rights abuses at a Grupo Mexico mine in the central state of Zacatecas, the 11th U.S. labor complaint in Mexico under a 2020 trade pact. The U.S. request follows a petition from a Mexican union, Los Mineros, along with two major U.S. labor organizations, the AFL-CIO and the United Steelworkers. The groups alleged Grupo Mexico resumed operations at its San Martin lead, zinc and copper mine even as a strike was in place.