MEXICO CITY (Reuters) – Shares of Mexican miner Penoles, one of the world’s largest silver producers, on Wednesday rose to their highest levels since November 2018 after subsidiary Fresnillo reported strong second-quarter results.
Shares of Industrias Peñoles rose 8.45% to 284.36 pesos on the local Mexican stock exchange, while those of Fresnillo jumped more than 10% on the London Stock Exchange.
Fresnillo, which has seven mines in operation in Mexico, reported quarterly silver production of 13.6 million ounces, 2.8% more than in the first three months of the year.
Reporting by Noe Torres
Original Article: https://www.reuters.com/article/us-penoles-results/shares-of-mexicos-peoles-up-8-after-strong-results-from-subsidiary-idUSKCN24N2FQ
