Grupo México Financials 2021: Revenue, Profit & Production
Grupo México (BMV: GMEXICO B; NYSE: GMBXF) is a mining and infrastructure conglomerate, the largest copper producer in Mexico and fourth globally.
2021 Full-Year Results (Reported)
| Metric | Value |
|---|
| Revenue | $13.6 billion USD |
| Net Income | $3.1 billion USD |
| EBITDA | $6.2 billion USD (est.) |
| Copper Production | 1.2 million tonnes (4th globally) |
| Silver Production | 43.6 million ounces |
| Gold Production | 1.3 million ounces |
| Lead Production | 310,000 tonnes |
| Zinc Production | 352,000 tonnes |
Operating Segments
- Mining (85%+ of EBITDA): Buenavista (Cananea), La Caridad, IMMSA (underground), El Arco (development). Peru (Southern Copper), Chile (Minera México), USA (ASARCO), Spain (Minas de Aguas Teñidas).
- Transportation (GMéxico Transportes / Ferromex): Largest rail network in Mexico (11,000 km), connects to US border, Pacific/Gulf ports. Intermodal, logistics.
- Infrastructure (GMéxico Infraestructura): Energy (combined cycle, wind), highways, telecom, engineering.
Market Position
- Market cap: ~$35–40B (varies).
- Control: Larrea family (~51% via holding).
- Listings: BMV (IPC index), NYSE (ADR).
- ESG focus: Tailings management, water recycling, decarbonization targets (2035 net-zero Scope 1&2).
Grupo México is a copper-leveraged play on electrification — with integrated rail/logistics adding stability. 2021 was a record-profit year on high Cu prices ($4.20/lb avg).
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