Minera Autlan reports deeper net loss in Q2

Thursday, 30 July 2020 00:27:07 (GMT+3)   |   Sao Paulo

Mexican manganese and ferroalloys producer Minera Autlan saw its net loss in Q2 this year deepen to $7.1 million, from a $2.3 million loss in Q2 2019, the company said while releasing its quarterly results.

Net revenues in Q2 declined 14 percent, year-on-year, to $84.2 million. Gross profit in Q2 rose to $21.2 million, from $19.5 million in the same quarter of the year prior.

Minera Autlan reported an EBITDA of $20.7 million, 13 percent up, year-on-year.

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