The miner Peñoles Industriesthe main producer of silver worldwide, ranks second this Tuesday among the companies that rise the most on the Mexican Stock Exchange (BMV), only behind the microfinance company Peopleparent company of Banco Compartamos.
The Peñoles shares They gained 4% during the first hours of trading and then traded at 3.12% at 1:15 a.m. Central Mexico time. The price of the titles is 1,119.07 pesos per unit.
This increase is mainly due to the increase in international gold and silver priceswhich are seen as refuge assets in the face of economic and geopolitical uncertainty.
Gold and silver prices reached all-time highs on Monday due to increased demand for safe haven assets in the face of increased tensions between the United States and Europe, resulting from tariff threats and the conflict over Greenland.
Gold rose 3.08% to $4,736.10, and silver gained 5.9% to 93.76 per ounce.
