First Eagle Gold Fund Comments on Penoles

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Jan 31, 2020

Mexican mining group Peñoles (MEX:PE&OLES) reported third quarter earnings that fell short of analysts’ consensus, as profits were dragged down by weaker production of precious metals and higher production of base metals at Fresnillo, its most important subsidiary. Peñoles owns 75% of Fresnillo.

From First Eagle Investment (Trades, Portfolio)'s First Eagle Gold Fund fourth-quarter 2019 commentary.