The actions of the Grupo México Mining Giant, one of the main copper producers, descended this Wednesday after reporting on the eve a drop in their earnings of the fourth quarter.
The titles of Grupo México, with businesses also in the rail, oil and infrastructure sectors, lost 1.62% to 104.58 pesos, although shortly before they reached more than 2.5%.
Read more: Mining actions in Mexico fall after Trump tariffs to steel and aluminum
Despite 13%increase, Grupo México does not reach 2023 figures
The company reported Tuesday afternoon that it obtained a net profit of 686.5 million dollars in the fourth quarter, 6.5% lower than in the same 2023 period, despite an increase in its income of 13%.
“The results were under the expectations, however, the mining company is in a good position in the face of the growing copper demand and a limited offer,” said Intercam Casa de Bolsa, in an analysis note.
With Reuters information
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