Minera Frisco, S.A.B. De C.V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
March 01, 2021 at 05:52 pm EST
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Minera Frisco, S.A.B. De C.V. Announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was MXN 2,712.503 million compared to MXN 2,301.841 million a year ago. Operating loss was MXN 884.980 million compared to MXN 596.494 million a year ago. Net income was MXN 551.108 million compared to net loss of MXN 720.918 million a year ago. For the full year, sales was MXN 10,155.433 million compared to MXN 9,510.015 million a year ago. Operating loss was MXN 1,533.482 million compared to MXN 2,916.384 million a year ago. Net loss was MXN 5,248.538 million compared to MXN 3,606.540 million a year ago. Basic loss per share was MXN 0.87 compared to MXN 0.89 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. 
