Grupo Mexico Posts 56% Profit Rise, Cuts Copper Guidance
Grupo Mexico reported third-quarter profit 56% higher year over year, helped mainly by higher metal prices, while copper production fell. The company lowered its copper guidance.
Mining and transportation conglomerate Grupo Mexico BMV:GMEXICO/B reported a 56% profit bump in the third quarter compared to the same period a year earlier, helped mainly by higher metal prices, even as it noted a drop in copper production.The group, a leading global copper producer, lowered its 2…