Revenue by Segment

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Inter-Company Eliminations	-4.22M	-5.12M	-29.10M	-35.28M	-
Caballo Blanco Group	79.20M	68.24M	73.53M	94.77M	-
Caballo Blanco Group Growth	16.06%	-7.19%	-22.42%	-	-
Illapa Joint Operation Eliminations	-58.51M	-66.86M	-41.78M	-53.92M	-
Zimapan	102.44M	81.69M	54.03M	54.35M	51.80M
Zimapan Growth	25.40%	51.18%	-0.57%	4.92%	76.28%
Bolivar	71.62M	84.16M	59.24M	67.35M	-
Bolivar Growth	-14.90%	42.07%	-12.05%	-	-
Porco	36.50M	40.17M	26.67M	43.81M	-
Porco Growth	-9.13%	50.61%	-39.12%	-	-
SAN Lucas	99.36M	80.72M	108.66M	107.48M	-
SAN Lucas Growth	23.10%	-25.71%	1.10%	-	-
Corporate and Other	-	-	-	34.00K	1.54M
Corporate and Other Growth	-	-	-	-97.79%	-
Total	326.38M	282.99M	251.26M	278.59M	53.33M
Total Growth	15.33%	12.63%	-9.81%	422.36%	61.14%

Source: S&P Global Market Intelligence.