Grupo Mexico posted record results for the fourth quarter of 2019 and confirmed its place as the lowest cash cost producer in the industry, at $1.07 per lb of copper during 2019.
The announcement came as a labor strike at its subsidiary Asarco stretched to its fifth month at five locations in Arizona and Texas, after hourly workers rejected the company's "last, best and final" offer in October last year.The first round of talks between Asarco and the striking workers took place on November 14 last year.Asarco's Hayden concentrator and smelter units, as well as the Amarillo refinery, were temporarily shut down due to the strike, Grupo Mexico said on February 25."The remaining units - Mission, Silver Bell, and Ray - are operating at capacity, given workers' individual decision to continue working and some new hires," the company...