Fresnillo plc made its debut on the London Stock Exchange in 2008 following a successful, profitable and decades-long track record as a mining company. Due to its history as part of the Peñoles Group, the Fresnillo Group can trace its origins back to the commencement of Peñoles' mining operations in 1887 and its smelting and refining operations at Torreon in 1901.
Our flagship Fresnillo silver mine has been in near continuous operation for almost 500 years and is still the world's single largest primary silver mine.
In 1960, a group of Mexican investors acquired control of Peñoles which created the first Mexican-controlled mining company.
In 1961, Peñoles acquired 60 per cent. interest in Cia Fresnillo, a New York Stock Exchange listed company that owned, among others, the Fresnillo mine.
In 1967 the BAL Group became the controlling shareholder of Peñoles, starting a new era for the business. Peñoles continued to expand its mining operations, developing a number of mines across Mexico and conducting a continuing exploration programme.