Earnings release
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RESULTS : Second Quarter 2021 GrupoMéxico Mexico City , July 27 , 2021 Grupo Mexico , S.A.B de C.V. ( " Grupo Mexico " - BMV : GMEXICOB ) Grupo México's excellent results are due to capital investments of more than US $ 22 billion over the last decade , coupled with a very favorable copper price environment . Through this investment program , copper ( + 64 % ) and molybdenum ( + 47 % ) production have increased significantly in the last decade . Consequentially , we will be able to continue to be an agent of change in the communities where we operate , driving job creation and economic growth . Consolidated revenues accumulated in 2021 reached levels of US $ 7.35 billion , 51.3 % higher than the same period in 2020 , due to a considerable increase in the price of copper and a recovery in volumes transported . The Mining Division achieved US $ 6.03 billion in revenues in 2Q21 , 63.8 % higher than in 2020 , due to a significant increase in the price of the metals that contribute most to our revenues : Copper ( + 65.6 % ) , Molybdenum ( + 41.2 % ) and Zinc ( + 37.6 % ) . In the Transportation Division , revenues during the year reached US $ 1.24 billion , + 14.6 % above 2020 . The Infrastructure Division achieved US $ 272 million in accrued net revenues , an increase of 3.6 % , over 2020 . The Mining Division achieved production levels above the guidance given at the end of last year . Accrued copper production in 2Q21 totaled 541,149 tons , a -3.1 % decrease from the previous year , due to lower mineral grades as a result of the postponement of stripping and maintenance work during 2020 , due to the COVID - 19 pandemic . Production in Peru decreased 5.9 % , coupled with a 2.5 % drop in Mexico , which was partially offset by a 3.6 % increase in Asarco . During the second quarter , production decreased 5.5 % vs. 2Q20 ; however , it remained in line with 1Q21 totaling 269,837 . The Mining Division reiterated its first - place position as the company with the lowest net cash cost in the industry worldwide . Net cash cost was US $ 0.76 per pound of copper during the quarter , up from $ 0.84 , a considerable improvement of -8.7 % compared to 2020 and -13.5 % against 1021. Accrued up to 2021 , a decrease of -6.9 % was achieved in the global cash cost , which stood at US $ 0.82 per pound . At the same time , it maintained the first place globally in copper reserves . Accrued EBITDA reached US $ 4.56 billion in the first half of the year , with a 113.4 % increase compared to 2020 . During 1H21 , the Mining Division obtained US $ 3.87 billion in EBITDA , 155.2 % higher than in 1H20 , due to the copper price increase mentioned above . The Transportation Division accrued US $ 556 million in EBITDA , + 17.7 % compared to 1H20 . In the Infrastructure Division , EBITDA reached US $ 117 million , -18 % compared to 2020 . Consolidated net income at 2021 was US $ 906 million . Accrued profit totaled US $ 1.93 billion . gmexico.mx Capital investments during 2Q21 totaled US $ 343 million . Accumulated in 2021 , they total US $ 680 million . + 41.7 % due to additional progress in growth projects . Our investment program for 2021 is approximately US $ 2.02 billion , in different projects throughout the Three Divisions that will be sources of economic revival and job creation as the pandemic allows .