Founded in the later half of the nineteenth century shortly after Mexican independence, Peñoles has weathered, and indeed thrived through, the important challenges and vicissitudes of the nation while contributing to the growth of employment and infrastructure development to become eventually a worldwide leader in its sector.
With an investment of US$334 million, the Capela mine launches operations.
The Velardeña mining unit, one of the most important zinc mines in Mexico, starts operations in Durango, at an investment of US$206 million.
Peñoles is selected to be part of the first Index listing sustainable companies traded on the Mexican Stock Exchange and is awarded the Sustainable Company seal granted by the Mexican Stock Exchange.
Peñoles becomes the first Mexican company to issue dollar-denominated Stock Certificates in the domestic market.
Peñoles begins to generate clean electric power to supply its operations, with the startup of a wind farm (Fuerza Eólica del Istmo in Oaxaca).
Mining operations are restructured, grouping precious metals operations at Fresnillo plc, which becomes the first Mexican company listed on the London Stock Exchange and on the FTSE100. Peñoles retains majority control, holding a 77.1% stake (74.99% today). Metallurgical, chemical and mining operations for zinc, lead and copper remain under direct operational control of Peñoles.
A contract for the supply of electricity with Termoeléctrica Peñoles is signed, following a private-sector self-supply initiative established by the government.
Operation of the Lead-Silver Refinery are launched.
Peñoles Metals & Chemicals and Quirey do Brasil are incorporated in the group to market products in North America and Latin America.
Peñoles expands metal refining operations with the launch of its Torreón Zinc Refinery. The Center for Research and Technological Development is created to provide technical support for the design and optimization of processes and the development of new applications and products.
Industrias Peñoles is established as a controlling company and financial core of its subsidiaries. It also begins trading on the Mexican Stock Exchange (BMV)
51% of the Fresnillo Company stake is acquired, which has significant precious metal mining assets.
Química del Rey starts operations, diversifying Peñoles’ operations into non-metallic minerals.
With the Mexicanization of the mining industry requiring 51% participation of Mexican capital, Metalúrgica Mexicana Peñoles is founded through merger of the mining and metallurgical companies.
The Peñoles Exploration Company is founded in order to expand the company's operations.
The Torreón Metallurgical Company is founded to process gold, silver and lead ores.
The Peñoles Mining Company is founded, taking its name from the town in Durango where its first mines were exploited.