Mexican miner Penoles’ profit falls on financial costs

April 28, 2016

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Mexican miner Penoles on Thursday reported a 65% drop in first-quarter net profit compared to the same period a year earlier, hit by higher financial costs on options it owned.

The miner and metals processor which runs the world’s largest primary silver producer, Fresnillo, posted a profit 404-million pesos ($23-million).

Category: General