Mexican miner Penoles posts 65 pct fall in net profit
MEXICO CITY, April 28 (Reuters) - Mexican miner Penoles on Thursday reported a 65 percent drop in first-quarter net profit, compared to the same period a year earlier.
The miner and metals processor, which runs the world's largest primary silver producer, Fresnillo, registered a profit 404 million pesos ($23 million).
In the first quarter of last year, Penoles made a profit of 1.17 billion pesos.
($1 = 17.29 pesos at end of March) (Reporting by Christine Murray)
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