Indutrias Penoles NPV (OTCMKTS:IPOAF)

Indutrias Penoles NPV (OTCMKTS:IPOAF) Company Profile

Symbol(s): OTCMKTS:IPOAF
Industry: Silver Mining
Website: www.penoles.com.mx
eMail: N/A

Indutrias Penoles NPV (OTCMKTS:IPOAF) is a US-based Silver mining company. It’s a major mainly focused on exploration and development of mineral properties in Mexico, Mexico. The company has 100% ownership of the Mexico property which is located in Mexico.

Indutrias Penoles NPV (OTCMKTS:IPOAF) has about 812 million ounces of silver reserves & resources and 11 million ounces of gold reserves & resources. The company currently produces almost 58 million ounce of silver per year with the all-in sustaining costs of US$12 per ounce. In addition, it produces about950000 ounces of gold per year with the all-in sustaining costs of US$800 per ounce.

Indutrias Penoles NPV has US$1.2 million cash and US$1.4 million debt. The company has 397.48 million shares outstanding and as of September 01, 2020, had a market capitalization of US$6697.47 million. The stocks of Indutrias Penoles NPV trade on the Over-the-Counter Exchange.