2021 Third Quarter Report
Compañía Minera Autlán, S.A.B. de C.V.
2021 Third Quarter Report
San Pedro Garza García, N.L., Mexico, October 25th, 2021.- Compañía Minera Autlán, S.A.B. de C.V. and Subsidiaries (Autlán o the Company) presents its third quarter 2021 (3Q21) financial and operating results in accordance with the International Financial Reporting Standards (IFRS). Figures may vary due to rounding.
Results and Relevant Events
- Quarterly sales and EBITDA at their highest level in 12 years
- Ferroalloy and EMD prices keep rising while global supply is limited
- Stronger debt profile with refinancing of US$80 million
- Solid net leverage ratio of 1.8x
- Winner of the CONCAMIN Ethics and Values Award for the second consecutive year
- Autlán awarded the Exporter Merit Award by COMCE Noreste
Industry and Operations
Autlán Manganese and EMD
Year to date, the World Steel Association estimates that the world production of liquid steel grew by 9% compared to the same period in 2020, determining 2021 as a historic year for the international steel market.
In North America, the steel production activity showed a positive performance as the health and vaccination indicators for the COVID-19 pandemic improved, reaching an installed capacity utilization close to 85% in the month of September. On the other hand, production in Mexico is also expected to show significant growth with a variation of approximately 14% in the first nine months of 2021.
During 2021, the international...
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