|Bid||61.00 x 10000|
|Ask||61.07 x 267000|
|Day's Range||60.21 - 63.53|
|52 Week Range||48.01 - 68.69|
|PE Ratio (TTM)||298.58|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.75|
Southern Copper Corp won a tender to develop Peru's estimated $2 billion Michiquillay copper mine in an auction that attracted just two bidders, the government's Proinversion investment agency said on Tuesday. Southern, controlled by Grupo Mexico SAB de CV , won with a proposal to transfer $400 million to the government and pay 3 percent royalties, beating out Compania Minera Milpo, which had offered $250 million in transfers and 1.875 percent royalties. Peru is the world's second biggest copper producer after Chile.
Mexican markets held steady on Tuesday, with investors awaiting U.S. inflation data that could shine a light on the possible next steps of the U.S. Federal Reserve Bank's monetary policy and future appetite ...
Mexican miner Grupo Mexico, one of the world's largest copper producers, reported a fourth-quarter net profit of $131 million on Friday. The company, which also has a transportation business, said revenue ...
Mexican miner and infrastructure company Grupo Mexico on Thursday priced an initial public offering of its rail unit at 31.50 pesos per share, two sources said, raising around 19 billion pesos . GMexico ...
Mexican tycoon Carlos Slim's bank Inbursa said on Thursday that a unit expects to see profit of 4.65 billion pesos from the sale of GMexico Transportes shares. As part of a share offering of miner and ...
Mexican miner and infrastructure company Grupo Mexico priced the the initial public offering of its rail unit GMexico Transportes on Thursday at the low end of expectations, two sources with knowledge ...
Mexican miner and infrastructure company Grupo Mexico expects to generate more than 23.5 billion pesos ($1.23 billion) in an initial public offering of its rail unit, GMexico Transportes, now set to price on Nov. 9, according to an investor presentation. Grupo Mexico had previously said the long-delayed IPO would price on Oct. 31. The IPO will help to fund the purchase of Florida East Coast Railway, an asset it snapped up in March for $2.1 billion, according to the document seen by Reuters late on Monday.
Mexican mining and infrastructure company Grupo Mexico said on Friday that its net profit more than doubled in the third quarter, as revenue rose. The company said that net profit was $488 million, compared ...
Southern Copper Corp said on Friday that its net profit doubled to $401.8 million in the third quarter from the same period a year earlier as sales surged on higher copper prices. The Arizona-based company, controlled by Grupo Mexico , added that it expects Peru's government to issue a construction permit for its stalled $1.4 billion Tia Maria project in the first quarter of next year. Southern Copper suspended Tia Maria in 2015 to quell deadly protests by farmers worried about its environmental impacts.
GMexico Transportes, the rail unit of miner and builder Grupo Mexico, plans to price an initial public offering on Oct. 31, according to a prospectus posted on the Mexican stock exchange website on Wednesday. ...
Mexican mining conglomerate Grupo Mexico has resumed plans to list its transportation division, including its Ferromex railroad operator, on Mexico's stock exchange, four sources with knowledge of the ...
U.S. energy company Chevron Corp and trading firm Glencore on Thursday announced separate plans to enter Mexico's fuel market, as the long-hidebound sector begins to attract major foreign players. Glencore expects to start importing fuel for Mexico's domestic market in February 2018 through its own terminal in the southern state of Tabasco, according to Alex Beard, the head of the firm's oil division.
Profit at Mexican mining, rail and infrastructure company Grupo Mexico rose by 60 percent in the second quarter, lifted by lower taxes and higher sales, results published by the company showed on Thursday. Net profit at the company jumped to $557 million from $348 million in the second quarter of last year, the company said in a filing to the Mexican stock exchange. Revenues at Grupo Mexico rose to $2.25 billion in the April-June period from $2.09 billion in the same quarter a year earlier, an increase of 7.7 percent.
Mexican conglomerate Alfa on Wednesday posted a 68 percent year-on-year surge in net profit for the second quarter, citing increased sales and a more favorable exchange rate. The company, which manufactures car parts, petrochemicals and other products, said in a report to Mexico's bourse that it earned 1.37 billion pesos ($75.6 million) in net profit over the three-month period. In recent quarters, Alfa's results have been undercut by the peso currency's volatility.
Mexican stocks rose to a record high, backed by forecasts for strong earnings reports this week, while yields on Brazilian interest rate futures dipped on bets the central bank will cut rates aggressively ...
Unionized workers at mines in Peru, the world's second biggest copper producer, started a nationwide strike on Wednesday to protest the government's proposed labor reforms, the head of a federation of mining unions said on Wednesday. Workers at 56 mining unions in the Andean country, including the top copper mines, are striking, said Ricardo Juarez, head of the National Federation of Mining, Metallurgical and Steel Workers of Peru (FNTMMSP).
Mexican mining, rail and infrastructure company Grupo Mexico on Wednesday reported a 10.75 percent year-on-year drop in its net profit in the first quarter, hurt by a slip in copper output higher costs. The company, one of the world's top copper producers, said in a report to Mexico's market bourse that it earned $412.4 million in net profit from January through March. Analysts had forecast $430 million, according to Thomson Reuters I/B/E/S.
Southern Copper Corp on Wednesday reported net income of $314.4 million for the first quarter of 2017, up 70 percent from $185.1 million a year earlier and 82 percent from $172 million in the fourth quarter ...
Workers at mining company Southern Copper Corp in Peru have reached a deal with management to end a two-week strike, a union official and a company spokesman told Reuters on Monday. Southern Copper operates the Toquepala and Cuajone mines and the Ilo refinery in Peru, which were all hit by the labor action. Toquepala and Cuajone together produced some 310,000 tonnes of copper last year, according to government data.
Workers at mining company Southern Copper in Peru completed their tenth day of an indefinite strike on Wednesday, though the company said it had not significantly impacted output. Jorge Campos, the secretary general of the Unified Union of Workers of Southern Copper, said some 3,000 workers have walked off the job demanding a greater share of profits and more medical benefits. "We are completing 10 days of a general indefinite strike... the company is sending letters of dismissals to the workers and other measures of intimidation when the administrative processes in the strike have not even been completed," Campos told reporters after visiting Peru's Congress.
Union representatives and executives from miner Southern Copper in Peru failed to reach an agreement to end an indefinite strike after a long meeting on Monday night, the union said on Tuesday. The company did not agree to the union's main demand for a greater share of profits, Raul Urere, a leader of a union representing 2,200 workers, told Reuters. Southern Copper, owned by Grupo Mexico, boosted its copper output by 21 percent to 900,000 tonnes last year on the back of an expansion at a mine in Mexico.
A Southern Copper Corp spokesman said operations in Peru were near normal as workers started an indefinite strike on Monday, although a union representative said 80 percent of capacity was affected. The Cuajone and Toquepala copper mines were producing at 98 percent and the Ilo refinery was operating at 100 percent capacity, a Southern Copper spokesman said. The strike follows labor disruptions at Peru's biggest copper mine, Cerro Verde, and Chile's Escondida, the world's largest copper mine, earlier this year.