Minera Frisco, S.A.B. De C.V. Announces Earnings Results for the First Quarter of 2021
May 03, 2021 at 09:00 pm EDT
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Minera Frisco, S.A.B. de C.V. announced earnings results for the first quarter of 2021. For the quarter, the company reported net sales of MXN 2,930.2 million against MXN 2,215.2 million a year ago. Operating income was MXN 466.2 million against loss of MXN 261.0 million a year ago. Net loss was MXN 817.4 million against MXN 4,625.4 million a year ago.
Minera Frisco SAB de CV is a Mexico-based company engaged in the exploration and exploitation of mineral resources. The Companyâs main activities comprise the production and sale of lead-silver concentrates, zinc concentrates, copper concentrates, copper in cathode and gold and silver rods. The staged operations include the location, investigation and compilation of information in the prospective areas considered for possible existence of minerals; conducting detailed geological study in the prospective areas, and finally conducting exploration methods directly in the prospective areas as a result of the previous stages. The Company owns such subsidiaries as Minera CRA SA de CV, Minera CX SA de CV, Minera Tayahua SA de CV, Minera San Francisco del Oro, SA de CV, as well as Multiservicios de Exploracion Geologica Frisco, SA de CV, among others.
MINERA FRISCO, S.A.B. DE C.V. 
