Industrias Peñoles, S.A.B. de C.V, or simply Peñoles, is a subsidiary company owned by Grupo BAL. Peñoles is the second largest Mexican mining company, the first Mexican producer of gold, zinc and lead and the world leader in silver production. Peñoles is a company with active mines within Mexico and with some prospection projects in South America. Holdings includes the Fresnillo Silver Mine / Mina Proaño, the Met-Mex Peñoles metallurgical complex and Química del Rey; a Chemical facility; three operations. Peñoles produces about 80,500,000 ozt of silver and 756,100 ozt of gold annually. Other metals that the company produces are zinc, lead, copper, bismuth, and cadmium.[2]
The main product of Peñoles is refined silver in the form of ingots and granulated silver which are 99.99% pure silver, this product is made in Torreón (northern Mexico) and from this location is exported all over the world.
In 2012, the company was awarded with the Fray International Sustainability Award for its initiatives in sustainable development.[3] They approach sustainability by achieving three dimensions: Economics, Ecology, and Ethics, and by consistently measuring and analyzing their environmental impact.