Mexico’s Minera Autlan expects sales to increase 60 percent in Q3

Friday, 15 September 2017 23:36:09 (GMT+3)   |   Sao Paulo
       

Mexican manganese and ferroalloys producer Minera Autlan expects to increase net revenues in Q3 by 60 percent, year-on-year, the company estimated this week.

Minera Autlan reported net revenues of $53.2 million in Q3 2016.

In a document filing at the country’s stock exchange Bolsa Mexicana de Valores (BMV) on Thursday, the company said EBITDA for Q3 should grow nearly three times when compared to the same period of the year prior.

The company said market analysts have forecast ferroalloys and manganese prices to remain stable until the end of the year.


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