Bloomberg News

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

By Carlos Manuel Rodriguez
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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