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First Quarter 2021 RESULTS Grupo México Mexico City , April 27 , 2021 Grupo México , S.A.B. de C.V. ( " Grupo México " " GMéxico " - BMV : GMEXICOB ) As we have maintained the strictest protocols against COVID - 19 throughout the pandemic , during the first quarter , we achieved excellent financial and operating results in the Group . We kept production levels in the Mining Division above the guidance provided at the end of 2020 , and showed volume growth in the Transportation Division , even though the 2020 comparison base does not include the effects of COVID - 19 . First quarter 2021 revenues reached a record US $ 3.43 billion , 40.2 % higher than in 1Q20 , and 6.8 % higher than in 4Q20 . The Mining Division achieved record sales of US $ 2.80 billion in 1Q21 , 56.1 % higher than in 1Q20 , as copper sales increased by 2.4 % and we kept the volumes produced in line with the previous year , as well as increases in the prices of copper ( + 50.2 % Comex ) , Molybdenum ( + 17.0 % ) , Zinc ( +28.9 ) , Silver ( + 55.8 % ) , and Gold ( + 13.6 % ) . In the Transportation Division , sales fell 2.1 % during 1Q21 totaling US $ 593 million , mainly because of an impact due to the exchange rate , as volumes grew 2.3 % and sales in pesos had a slight increase . Sales rose 9.6 % against 4Q20 . The Infrastructure Division achieved accrued net revenues of US $ 148 million , an 8.3 % increase during 1Q21 , and 8.4 % higher than in the previous quarter . Due to the strict protocol , we have implemented in health and safety in the face of the COVID - 19 pandemic and despite the very complicated environment , we managed to keep copper production practically in line , totaling 271,312 tons , 0.5 % below 1Q20 , because of a 3 % decrease in production in Peru's operations due to lower ore grades , which was partially mitigated by increases in IMMSA ( + 9.5 % ) and in ASARCO operations ( + 7.3 % ) . In the Mining Division , we achieved a reduction in net operating cash cost globally from US $ 0.93 to US $ 0.88 , due to higher prices of other metals . Thus , we reiterate the best cost in the copper industry worldwide , and our capacity to maintain efficiencies despite restrictions imposed due to the COVID - 19 pandemic . Moreover , we remain ranked in first place worldwide in copper reserves . As a result of an intensive investment program of more than US $ 18 billion and an operating scheme that maximizes efficiencies , as well as the work enabled by thousands of specialized collaborators at our mines , we succeeded in increasing copper production from 688 thousand to 1.13 million tons in the last 10 years . This cycle of high metal prices enabled us to materialize this , generating a record EBITDA of US $ 2.13 billion in 1Q21 , 99.7 % higher than in the same quarter of last year and 23.3 % above 4Q20 . The Mining Division reached US $ 1.8 billion in EBITDA , 158.4 % higher than in 1Q21 and 26.4 % higher than in 4Q20 . The Transportation Division obtained an EBITDA of US $ 264 million during the quarter , with a 6 % decrease , but showing a 12.8 % recovery against 4Q20 . In the Infrastructure Division , EBITDA was US $ 60 million during 1Q21 , US $ 20 million lower compared to 1Q20 and 5.9 % lower than in 4Q20 . This is mainly due to a foreign exchange loss in peso - denominated debt and lower platform fees . Consolidated net profit for 1Q21 totaled US $ 1.03 billion , also a result of our extensive capital investment plan of previous years . Capital investments during 1Q21 were US $ 337 million , + 39.5 % due to additional progress in growth projects . Our 2021 capex program is a US $ 2.1 billion plan in different projects across the Three Divisions that will be the source of economic reactivation and employment generation insofar as the pandemic allows . gmexico.mx