Mexican manganese and ferroalloys producer Minera Autlan announced this week it expects a 50 percent increase in net revenues in Q1 this year, on a year-on-year basis.
The company said in a filing at the country’s stock exchange, Bolsa Mexicana de Valores (BMV), that improved market conditions, including a recovery of ferroalloys prices since late last year, should help the company achieve their goal.
Minera Autlan said it is also working to diminish its costs while increasing productivity.
The company estimated EBITDA in Q1 should triple, when compared to the same quarter of the year prior.
Minera Autlan added in March it “strengthened” its financial profile by renegotiating its debt.