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Mexico's Peñoles profit down 46 percent

Wednesday, August 7, 2013

Mexican mining company Industrias Peñoles on Tuesday reported that its second-quarter profit nearly halved over a year ago.

The miner and metals processor, which runs the world's largest primary silver producer, Fresnillo, said profit in the period was $91.4 million.

The figure is lower than the $173 million the company reported for the same period last year.

Source: Reuters