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Grupo Mexico

Grupo Mexico is a diversified Mexican conglomerate with core operations in mining, transport and infrastructure. The company is headquartered in Mexico City and operates mainly across Mexico, Peru and the United States. It is listed on the Mexican Stock Exchange and controlled by the Larrea family, which holds a majority stake. Its principal subsidiary, Southern Copper Corporation, ranks among the world's largest copper producers, while other units are active in molybdenum, silver, zinc and gold. The group also owns Ferromex, one of Mexico's largest rail freight operators, giving it a substantial logistics footprint alongside its resources business. Grupo Mexico is one of the largest private employers in the Mexican mining sector and generates revenue in the billions of dollars a year. Its scale and integrated rail-and-mining model give it significant influence over Mexico's metals exports and industrial supply chains. The company traces its roots to the early twentieth century, growing through consolidation of Mexican mining and railway assets, and it remains a bellwether for copper and precious-metals investment in Latin America.

Grupo Mexico News


Grupo Mexico's Buenavista del Cobre mine
Mining giant Grupo Mexico reports higher profit on price boost, trims copper guidance
21st October 2026 By: Reuters

Mining and transportation conglomerate Grupo Mexico said higher metal prices helped its third-quarter net profit rise by more than half from a year earlier, even as copper production slightly... 


An underground mine in Mexico
Mexico mining industry sees investment jump in 2026 as firms expand projects, buy equipment
3rd August 2026 By: Reuters

Mexico's mining industry expects investment to rebound sharply in 2026, driven by spending on mine expansions, maintenance and equipment purchases, industry group Camimex said on Monday. The... 


Grupo Mexico mine underground
Grupo Mexico profit beats estimates on higher copper prices
22nd July 2026 By: Reuters

Mining and transportation conglomerate Grupo Mexico said on Tuesday its second-quarter net profit rose nearly 79% from the same period a year earlier, bolstered by higher copper prices and well... 


Grupo Mexico underground mining
Grupo Mexico posts Q1 profit surge to $1.7bn
29th April 2026 By: Reuters

Mining and transportation conglomerate Grupo Mexico on Tuesday reported a 57% profit jump in the first quarter from the same period the previous year, helped by an increase in silver and zinc... 


Copper sheets
Peru orders new review of Southern Copper's stalled Tia Maria project, cancels okay
13th April 2026 By: Reuters

Peru's government has revoked its authorization for Southern Copper's Tia Maria copper project and sent it back to authorities for review, the mining ministry said on Friday, creating a new... 


Grupo Mexico's Q3 profit up over 50% on strong molybdenum, silver, zinc sales
29th October 2025 By: Reuters

Mining and transportation conglomerate Grupo Mexico reported third-quarter net profit rose more than 50%, boosted by higher sales volumes of molybdenum, silver and zinc even as copper production... 


Southern Copper eyes steady production in Peru, bets big on new projects
23rd September 2025 By: Reuters

Southern Copper expects its copper production in Peru to hold steady this year as it invests $800-million in projects, its chief financial officer told Reuters. Peru is the world's third-largest... 


Southern Copper warns that US-China trade war could hit copper in short-term
31st July 2025 By: Reuters

Grupo Mexico's Southern Copper mining unit believes the US-China trade war will hit the global economy, affecting the copper sector, CFO Raul Jacob said on a call with analysts on Wednesday to... 


The Silver Bell mine in Arizona
Grupo Mexico evaluating US investments after scaled-back copper tariff
31st July 2025 By: Reuters

Grupo Mexico, a major copper producer, is looking to decide on investments for projects in the United States within the next three to five years, an executive said on a call on Wednesday, as... 


Mining giant Grupo Mexico reports profit bump as copper costs shrink
30th July 2025 By: Reuters

Mining and transportation conglomerate Grupo Mexico reported net profit rose 10% in the second quarter, helped by lower mining costs and a good performance from its copper byproducts business even... 


Potential US copper tariffs seen costing domestic industry dearly
Potential US copper tariffs seen costing domestic industry dearly
27th February 2025 By: Reuters

The US industrial sector will have the most to lose from potential US tariffs on copper, analysts say, with costs seen rising significantly during what would be a lengthy process of reviving... 


Mining giant Grupo Mexico misses estimates
12th February 2025 By: Reuters

Mining giant Grupo Mexico reported a drop in its net profit during the fourth quarter on Tuesday, missing analysts' estimates and dragged down by losses in its infrastructure division and a smaller... 


Mexico's proposed higher mining royalties could block $7bn in investments, chamber says
22nd November 2024 By: Reuters

A proposed increase in mining royalties in Mexico could block more than $6.9-billion in investments over the next two years, the industry's local chamber said on Thursday. As part of its budget... 


Grupo Mexico works to kick out illegal miners at Los Chancas project in Peru
24th October 2024 By: Reuters

Mining and transport conglomerate Grupo Mexico is working with authorities to wipe illegal mining at its Los Chancas project in Peru, the mining division's finance chief told analysts in a call on... 


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pqt: 0.063s - ct: 0.109s - 227pq - 2rq
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