Mexico miner Penoles posts 23.4 pct fall in third-qtr profits

Mexico City (Oct 28)   Mexican mining company Industrias Penoles on Monday reported that its third-quarter profit fell nearly 25 percent from the same quarter a year ago.

The miner and metals processor, which runs the world's largest primary silver producer, Fresnillo, said its profits in the period totaled 1.28 billion pesos ($97.3 million), down from 1.67 billion pesos in the third quarter a year earlier.