Miner Grupo Mexico posts 17% profit jump on higher metals prices

Reuters

Fri, Apr 25, 2025, 6:57 AM 1 min read

MEXICO CITY (Reuters) - Mining and transport conglomerate Grupo Mexico connected Friday reported a 17% leap successful its nett net during the archetypal 4th of 2025, driven by higher metallic prices.

Net nett roseate to $1.09 billion, coming successful supra the mean estimation of $816 cardinal from analysts polled by LSEG.

Revenue for the large planetary copper producer, which besides operates sprawling freight railroads successful Mexico, roseate 10% to full $4.20 cardinal successful the quarter, the institution said successful a statement.

Prices for copper and metallic surged 18% and 38% respectively during the period, helping assistance income successful the company's mining division.

Grupo Mexico, controlled by billionaire German Larrea, is 1 of the world's largest copper producers with mines successful Peru, the United States, Spain and its location basal of Mexico, wherever it besides operates large freight railroads.

(Reporting by Natalia Siniawski; Editing by Kylie Madry)