Penoles, based in Mexico City, Mexico, is a subsidiary company 100 percent Mexican and owned by the private Grupo Bal. Penoles is the second largest Mexican mining company, the first Mexican producer of gold, zinc and lead and the world leader in silver production.

Penoles Mining Company is one of the largest and most successful mining companies in Mexico. Founded in 1934, the company has grown to become a major producer of silver, gold, zinc, lead, and copper. It is also the world’s largest producer of silver and gold. The company has operations in Mexico, Peru, and Chile and is a major employer in the Mexican mining sector. Penoles has a long history of successful mining operations in Mexico. The company was the first to introduce mechanized mining methods in the country and is credited with pioneering the use of modern mining techniques. Penoles is responsible for the discovery of several large ore deposits, including the famous La Colorada silver mine.

The company has a strong focus on sustainability and is committed to protecting the environment. Penoles is a leader in the use of innovative technologies to reduce emissions and conserve energy. It has also implemented a number of measures to reduce its water usage and has invested in research and development to improve the efficiency of its operations.

Penoles is a major employer in Mexico, with over 10,000 employees. The company has a strong commitment to the local communities in which it operates and is involved in a number of social and economic development projects. These include providing educational opportunities for local children, supporting local businesses, and helping to improve infrastructure.

Penoles is a major player in the global mining industry and is well-positioned to benefit from the increasing demand for metals. The company has a strong track record of success and is well-respected in the industry. With a focus on innovation, sustainability, and social responsibility, Penoles is well-positioned to continue its success in the years to come.