Corporate Structure

Industrias Peñoles brings together subsidiaries devoted to the exploration, extraction, beneficiation and sale of concentrates and minerals, including smelting and refining of precious and industrial metals as well as production of inorganic chemicals. To learn more about our divisions, visit: Our Operations

100% owned i Major subsidiaries are included

  • Fresnillo plc(1) (75%)

    • Minera Fresnilloi
    • Minera Penmonti
    • Minera Mexicana La Ciénegai
    • Minera Saucitoi
    • Minera San Juliáni
    • Minera Juanicipio (56%)
    • Comercializadora de Metales Fresnilloi
    • Exploraciones Mineras Parreñai

    (1)Fresnillo plc is independently listed on the London Stock Exchange (LSE) and the Mexican Stock Exchange (BMV), and has its own corporate governing body and administrative structure. More information at:

  • Minas Peñoles (100%)

    • Minera Roble (Velardeña) i
    • Cia. Minera Sabinas i
    • Cia. Minera La Parreña (Milpillas) i
    • Minera Tizapa (51%)
    • Minera Capela i
    • Exploraciones Mineras Peñoles i
    • Minera Peñoles del Perú i
    • Minera Peñoles de Chilei
  • Química Magna (100%)

    • Metalúrgica Met-Met Peñoles i
    • Química del Reyi
    • Fertireyi
  • Infraestructura Peñoles (100%)

    • Fuerza Eólica del Istmo i
    • Termoeléctrica Peñoles(2)
    • Eólica de Coahuila(2)
    • Eólica Mesa La Paz(2)

    (2)Operated by third parties, which supply electric power under long-term supply contracts.

  • Other

    • Bal Holdings i
    • Línea Coahuila-Durango (50%)
    • Servicios Administrativos Peñolesi