- CEO
- Rafael Rebollar Gonzalez
- Full Time Employees
- 15,283
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- Calzada Legaria No. 549 Mexico City DF Mexico 11250
- IPO Date
- Jan 5, 2000
- Business
- Industrias Peñoles, S.A.B. de C.V. is a leading Mexican mining company specializing in the exploration, extraction, refining, and sale of non-ferrous metals. Founded in 1887 and headquartered in Mexico City, Peñoles operates through four main business segments: Precious Metals, Base Metals, Metallurgical, and Other. The Precious Metals segment includes mining and processing of silver and gold concentrates and doré; the Base Metals segment focuses on producing zinc, lead, and copper concentrates; the Metallurgical segment encompasses the treatment and refining of concentrates and doré; and the Other segment involves production and sale of chemical products such as sulfuric acid, sodium sulfate, magnesium oxides, and copper sulfate, alongside services related to water treatment and rail transportation.
Peñoles' core products include refined silver, gold, zinc, lead, copper, bismuth, and cadmium, with silver refined to 99.99% purity primarily at its Torreón facility, from where products are exported globally. The company is recognized as the world's leading silver producer and Mexico’s top producer of gold, zinc, and lead. Peñoles also produces a range of chemical products and metal alloys used in various industrial applications including soldering and printing metals.
Recent significant changes include the indefinite suspension of operations at the Minera Tizapa facility in the State of Mexico in 2024 due to a strike by the national mining union. The company maintains its commitment to resolving labor disputes while adhering to labor agreements and regulations. Peñoles also strengthened its strategic position through acquisitions and exploration programs, focusing on expanding its mining footprint in Latin America, particularly in Chile and Peru, with multiple drilling projects underway. Additionally, its subsidiary Fresnillo plc, which controls mining operations such as the Sabinas mine, announced acquisitions and alliances impacting silver production agreements, highlighting ongoing operational and strategic refinements within the group.
Industrias Peñoles operates extensively in Mexico and internationally, including exploration and mining activities in Latin America, Europe, Canada, Asia, and the United States. Its products serve industrial clients worldwide, spanning metals, chemicals, and associated services. The company is publicly traded on the Mexican Stock Exchange under the ticker PE&OLES.MX and adheres to comprehensive transparency and sustainability practices in its operations.
This description reflects Peñoles' leading role in the mining and metallurgical sectors, its diversified product portfolio, and recent operational and strategic developments that shape its business landscape as of 2025.