Industrias Peñoles S.A.B. de C.V.
name
Industrias Peñoles S.A.B. de C.V.
id
PE_OLES
summary
Industrias Peñoles S.A.B. de C.V., headquartered in Mexico City, Mexico, is a subsidiary of Grupo BAL. Founded in 1887, it is the second largest Mexican mining company and the leading producer of gold, zinc, and lead in Mexico. Peñoles is also the world's top producer of silver, with active mines within Mexico and prospection projects in South America. Its holdings include the Fresnillo Silver Mine, the Met-Mex Peñoles metallurgical complex, and Química del Rey, among others. The company produces approximately 80.5 million troy ounces of silver and 756,100 troy ounces of gold annually, along with other metals such as zinc, lead, copper, bismuth, and cadmium. Peñoles' main product is refined silver, produced in Torreón, northern Mexico, and exported globally. The company was awarded the Fray International Sustainability Award in 2012 for its sustainable development initiatives, focusing on economic, ecological, and ethical dimensions.