3 de mayo de 2017 / 22:40 / en 7 meses

Mexican miner Penoles posts surge in Q1 profit on metals prices

MEXICO CITY, May 3 (Reuters) - Mexican miner and metals processor Industrias Penoles on Wednesday posted a 444 percent year-on-year rise in its first-quarter net profit to 2.196 billion pesos ($117.26 million) thanks to rebounding metals prices.

The company, which runs the world’s largest primary silver producer, Fresnillo, made 404 million pesos in net profit during the same period last year.

$1 = 18.7275 pesos on March 31 Reporting by Adriana Barrera

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