Grupo Mexico Q1 net drops 96 percent to $19 mln

MEXICO CITY, April 28 (Reuters) - Miner Grupo Mexico (GMEXICOB.MX) reported a sharp fall in its first-quarter net earnings on Tuesday due to a decline in copper prices and production delays due to a strike.

Grupo Mexico, which operates copper mines in Mexico and South America and railroads in Mexico, said its revenues in the first quarter were $19 million compared to $453 million in the first quarter of 2008. (Reporting by Mica Rosenberg)