Shares jump in Mexican mining companies Penoles and Grupo Mexico

5th January 2021 By: Reuters

Shares in two of Mexico's top mining companies jumped on Monday amid higher metal prices, with Industrias Penoles surging more than 11% to a four-month high and Grupo Mexico climbing more than 5% to reach a record level.

Their strong performance on Mexico's benchmark stock index coincided with a jump in global metal prices, including for gold, in line with the weakening dollar.

Penoles is the world's largest producer of refined silver, while Grupo Mexico is one of the top global copper producers.