Grupo Mexico Reports Significant Profit Increase in Q1 2026
Grupo Mexico, a major mining and transportation conglomerate, reported a 57% increase in net profit for the first quarter of 2026, reaching $1.71 billion. This surge was driven by increased sales of silver and zinc, despite a slight decline in copper production. The company's revenue rose by 33% year-on-year to $5.57 billion. Grupo Mexico is one of the world's largest copper producers, and its operations span across Mexico, the US, and Peru. The company is also developing the Tia Maria mine in Peru, which is expected to begin operations in 2027.