Grupo SimecB de CV (FRA:GSM) Reserves - Proven (K) : 0.00 (As of . 20)

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What is Grupo SimecB de CV Reserves - Proven (K)?

Proven reserves refer to the quantity of natural resources that a company reasonably expects to extract from a given formation.

The historical rank and industry rank for Grupo SimecB de CV's Reserves - Proven (K) or its related term are showing as below:

FRA:GSM's Reserves - Proven (K) is not ranked ^*
in the Steel industry.
Industry Median:
* Ranked among companies with meaningful Reserves - Proven (K) only.

Grupo SimecB de CV Reserves - Proven (K) Historical Data

The historical data trend for Grupo SimecB de CV's Reserves - Proven (K) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Grupo SimecB de CV Reserves - Proven (K) Chart

Grupo SimecB de CV (FRA:GSM) Reserves - Proven (K) Explanation

Reserves - Proven (K), aka proved reserves, refer to the quantity of natural resources that a company reasonably expects to extract from a given formation. Proven reserves are established using geological and engineering data gathered through seismic testing and exploratory drilling.

Proven reserves take into account the current technology being used for extraction, regional regulations and market conditions as part of the estimation process. For this reason, proven reserves can seemingly take unexpected leaps and drops.

Grupo SimecB de CV Reserves - Proven (K) Related Terms

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Grupo SimecB de CV (FRA:GSM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Grupo Simec SAB de CV (FRA:GSM) » Definitions » Reserves - Proven (K)

Comparable Companies

Traded in Other Exchanges

SIM:USA SIMECB:Mexico 4FV:Germany

Address

Calzada Lazaro Cardenas 601, Colonia La Nogalera, Guadalajara, JAL, MEX, 44440

Website

https://www.gsimec.com.mx

Grupo Simec SAB de CV is a diversified manufacturer, processor, and distributor of special bar quality, or SBQ, steel, and structural steel products. The United States, Brazil, and Mexico are the biggest markets for the company. The company's SBQ products are used across a broad range of engineered end-user applications, including axles, hubs, and crankshafts for automobiles and light trucks, machine tools, and off-highway equipment. The company's structural steel products are mainly used in the non-residential construction market and other construction applications.