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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (16932)	7/28/2006 8:58:01 PM
From: siempre33	Respond to of 78418

Penoles tripled their botton-line profits Q2.... Mexico Industrias Penoles 2Q Net MXN963.2 Million Vs MXN318.5 Million 07-28-06 01:42 PM EST MEXICO CITY -(Dow Jones)- Mexican miner Industrias Penoles SA (PE&OLES.MX), the world's biggest silver producer, doubled its sales and tripled its net profit in the second quarter on soaring metals prices. In a filing with the Mexican Stock Exchange, Penoles said sales in the April- June period totaled 10.18 billion pesos ($930 million), compared with MXN5.01 billion in the year-earlier quarter. Operating profit rose to MXN1.90 billion from MXN738.8 million a year ago, while net profit was up at MXN963.2 million from MXN318.5 million. Penoles said it produced a record 25.4 million ounces of refined silver in the quarter and a record 427,960 ounces of refined gold. Silver prices were the highest in 22 years, up 26% from the first quarter, while gold prices rose 13.3% from the previous quarter to a 25-year high, Penoles added.