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12 articles for Grupo Mexico SAB de CV
Grupo Mexico: Quarterly Report 4Q22: Profitability surprises and outlook improves
Gmexico registered better-than expected figures. Cash costs reduction and stable production offset lower cooper prices. Despite short-term challenges, economic dynamism underpinned by China’s reopening, should support results recovery. We raise our P...
Marissa Garza Ostos @ Banorte 8 February 2023
Grupo Mexico: Quarterly Report 3Q22: Strong pressure on profitability continues
GMexico posted figures below expectations, due to lower metals prices, the drop in production and a cash cost increase. The impact on Mining was partially offset by progress in Transportation and Infrastructure. The outlook becomes more complex, whic...
Marissa Garza Ostos @ Banorte 31 October 2022
Grupo Mexico: Flash: Agreement reached to acquire Planigrupo
GMexico reached an agreement to acquire the real estate company Planigrupo for MXN ~4.7 billion through a takeover bid. Planigrupo is a company focused on shopping malls with 47 years of experience that owns 36 properties in Mexico. Neutral implicati...
Marissa Garza Ostos @ Banorte 8 September 2022
Grupo Mexico: Quarterly Report 2Q22: Prospects deteriorate given the complex environment
By incorporating the results and reducing our estimates, we adjusted our PT to MXN 86.00 (2022e FV/EBITDA of 5.6x vs. L1y average of 5.8x). As a result of external factors that have impacted the Mining division’s production and higher costs due to th...
Marissa Garza Ostos @ Banorte 1 August 2022
Grupo Mexico: Quarterly Report 1Q22: Affected by Peru’s external factors
GMexico showed lower than estimated advances during 1Q22, affected by lower production in Peru, which pressured profitability. In the mining division (AMC), revenues benefited by higher metal prices, highlighting cooper’s (+17.6% y/y and +3.7% q/q) w...
Marissa Garza Ostos @ Banorte 9 May 2022
Grupo Mexico: Quarterly Report 4Q21: Outstanding despite challenges to global growth
The quarter supports our view that the attractive valuation (FV/EBITDA 4.3x) stills does not reflect the remarkable growth, financial strength, and recurring distributions. Strong growth due to Mining and Transportation. In the Mining division (AMC),...
Marissa Garza Ostos @ Banorte 3 February 2022
Details
Mexico
LatAm
Materials
About
Grupo Mexico SAB de CV mines, processes, and markets copper, silver, gold, molybdenum, lead, and zinc. The Company holds concessions to operate the Pacifico-Norte and Chihuahua-Pacifico Railroad lines. Grupo Mexico, through subsidiaries, operates open-pit copper mines, underground mines, a coal mine, copper smelters, a rod mill facility, and a precious metals refinery.
