Americas Mining Corporation Emerges as Largest Mining Division Globally for Grupo México

Americas Mining Corporation (AMC), a division of Grupo México, has emerged as the largest mining division globally by market value, reporting $12.4 billion in sales for 2024. This figure accounts for 77% of Grupo México's total revenues and 84% of its net income, driven by significant operations in Mexico, Peru, the U.S., and Spain. Under the leadership of Germán Larrea, AMC boasts the largest copper reserves worldwide and produces over one million tons annually.

Published Mar 20, 2026

Grupo México's key revenue source is its mining division, primarily through Americas Mining Corporation (AMC), the largest mining division by market value globally. AMC reported $12.4 billion in sales for 2024, constituting 77% of Grupo México's total revenues and 84% of its net income, significantly outpacing other divisions.

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The mining operations span across Mexico, Peru, the U.S., and Spain, with key projects including Buenavista del Cobre and Cuajone. Germán Larrea, known as the 'king of copper,' leads the company, which holds the largest copper reserves worldwide and maintains a competitive cost structure, producing over one million tons annually.