Grupo México Delivers 34% Higher Q2 Sales on Robust Copper Market
Mining News | 2026-07-23 11:25:48
During the first half of 2026, copper production declined 3.2% to 515,675 tonnes, reflecting lower ore grades at the company's Peruvian operations.
By Paul Ploumis
SEATTLE (Scrap Monster): Grupo México reported strong financial results for the second quarter of 2026, primarily driven by higher copper and precious metal prices. Also, the company outlined major expansion plans aimed at increasing copper production in the United States
According to a company news release, its consolidated sales reached US$11.28 billion during the quarter, representing a 33.8% increase from the same period in 2025. The growth was mainly driven by the Mining Division, with revenue climbing 39.5% to US$9.3 billion, supported by stronger copper prices and increased sales volumes of silver.
The Transportation Division posted revenue of US$1.87 billion, up 14.9% year over year. However, the Infrastructure Division reported net sales of US$278 million, down 18.7%, mainly due to reduced activity from PEMEX oil rigs and lower natural gas prices.
During the first half of 2026, copper production declined 3.2% to 515,675 tonnes, reflecting lower ore grades at the company's Peruvian operations. Higher output from mines in Mexico and the United States partly offset the decline. Meanwhile, gold and silver production rose 7.7% and 2.9%, respectively.
Grupo México's first-half consolidated EBITDA climbed 49.6% year over year to US$6.85 billion.
Looking ahead, Grupo México is evaluating several U.S. mining and processing projects, including expansions at the Ray and Silver Bell mines and the modernization of the Hayden Smelter and Amarillo Refinery.
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What was the biggest driver of Grupo México's Q2 2026 revenue growth?
Frequently Asked Questions
- What drove Grupo México's strong Q2 2026 financial performance?
Higher copper and precious metal prices, along with increased silver sales volumes, boosted revenue and profitability.
- How much did consolidated sales increase in the second quarter?
Consolidated sales increased 33.8% year over year to US$11.28 billion.
- Which U.S. projects is Grupo México planning to expand?
The company is evaluating expansions at the Ray and Silver Bell mines, along with modernization of the Hayden Smelter and Amarillo Refinery.
