Minera Frisco, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 28, 2023 at 03:57 pm EDT
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Minera Frisco, S.A.B. de C.V. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was MXN 2,193.09 million compared to MXN 3,425.13 million a year ago. Net income was MXN 83.51 million compared to MXN 251.95 million a year ago. Basic earnings per share from continuing operations was MXN 0.01 compared to MXN 0.04 a year ago. Diluted earnings per share from continuing operations was MXN 0.01 compared to MXN 0.04 a year ago.
For the six months, sales was MXN 4,984.96 million compared to MXN 7,026.83 million a year ago. Net income was MXN 467.24 million compared to MXN 784.47 million a year ago. Basic earnings per share from continuing operations was MXN 0.07 compared to MXN 0.13 a year ago. Diluted earnings per share from continuing operations was MXN 0.07 compared to MXN 0.13 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. 
