Bloomberg News

Minera Autlan Surges the Most in Seven Months: Mexico City Mover

June 29, 2012

Cia. Minera Autlan SAB (AUTLANB), North America’s largest manganese producer, rose the most in seven months in Mexico City after saying second-quarter sales and profit rose.

The San Pedro Garza Garcia-based miner gained 8.3 percent to 14.47 pesos for its biggest advance since November.

Revenue rose more than 20 percent in the second quarter and Ebitda, a measure of earnings before interest, taxes, depreciation and amortization, jumped more than 40 percent, the company said today in a preliminary earnings statement to the Mexican stock exchange. The miner said that a rebound in prices for manganese, a mineral used to produce steel, and a weaker peso boosted quarterly earnings.

The company only provided percentage changes for revenue and Ebitda.

To contact the reporter on this story: Carlos M. Rodriguez in Mexico City at carlosmr@bloomberg.net.

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net


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