* Peņoles Subsidiary Companies
Partial list as of 1999.

(Don't hold this compilation for complete the gospel. There may be more companies and some of these may presently be in-active or no longer existing. The Old Prospector finds this information to always be in a state of flux)

GENERAL Grupo Peņoles S.A. de C.V.
Industrias Peņoles S.A. de C.V. Parent Company
Servicios Industriales Peņoles S.A. Admistrative, technical and logistical support for operating companies
SMELTER COMPLEX  
Met-Mex Peņoles S.A. de C.V. Zn Smelter at Torreon
MINING DIVISION Minas Peņoles S.A. de C.V.
Cia. Minera La Campana S.A. de C.V. (100%) Operates the Reforma Unit benefication plant in Urique, Chihuahua
Campana de Plata S.A. de C.V. (100%) Zacualpan Mine, Mexico State
Minera Bismark S.A. de C.V. (100%) Bismark Zn Mine, Chuhuahua (Was 60/40 JV with Cyprus Minerals)
Cia. Fresnillo S.A. de C.V. (100%) Fresnillo Ag Mine, Zacatecas (Was 60/40 JV with Amax Gold)
same as above Naica Unit, Chihuahua. Brought on line in 1951 producing about 2500 tpd..
same as above Francisco I. Madero, Zacatecas
Minera Penmont S.A. de C.V. (56/44 JV with Newmont Gold Company) La Herradura Au Mine, Sonora
same as above Mezcala Au-Fe Mine, Guerrero
Grupo Guanajuato Las Torres-Guanajuato Complex
Cia. de Minera Cedros S.A. de C.V. Old company was 37.69% Penoles, 31.45% Fresnillo (when Fresnillo itself was 60/40 Penoles/Amax), 15.86 % Corona Gold and 15% Mexican Government
Cia. Minera Las Torres S.A. de C.V. Old company was 33% Penoles, 37% Fresnillo (when Fresnillo was 60/40 Penoles/Amax) and 30% Corona Gold
Negacion Minera Santa Lucia S.A. de C.V. Old company was 33% Penoles, 37% Fresnillo (when Fresnillo was 60/40 Penoles/Amax) and 30% Corona Gold
Minera Mexicana La Cienega S.A. de C.V. La Cienega Au-Ag Mine, Durango
Cia. La Encantada S.A. de C.V. La Encantada Ag-Pb Mine, Coahuila (Old company was 71.4% Penoles and 26.6% Corona Gold)
Unidad David Contreras Castro La Encantada S.A. de C.V. La Encantada Ag-Pb Mine, Coahuila
Cia. Minera Sabinas S.A. de C.V. Sombrerete District, Zacatecas
Cia. Minera La Negra y Anexas S.A. de C.V. (100%) La Negra Mine, Queretaro
Cia. Minera Capela S.A. de C.V. La Negra Mine, Queretaro
Minera Mexicana Peņoles S.A. (100%) Topia Mine, Durango
Zimapan S.A. de C.V. Old company was 60/40 Penoles Amax JV and an 3 mines: Cuale Unit near Puerto Vallarta, JAL; El Carrizal Unit Zimapan, HID and San Jose Unit in Fresnillo, ZAC which handled ore from the mine at Francisco Natera, ZAC. Zimapan was also the operator of the El Doctor Mine in Queretaro.
Rey de Plata S.A. Was originally 65% Penoles and 40% Finnish being held 25% by Outukumpo and 15% Finnfund. Feasibility carried out in 1988 and in full production by 1990.
INDUSTRIAL CHEMICAL DIVISION  
Quimica del Mar S.A. de C.V.  
Quimica del Rey S.A. de C.V. (100%) Laguna del Rey, Coahuala. Quarry operations and solution extraction of anhydrous Na-sulfate, Mg-Oxide and NaCl since 1970.
Fluorita de Rio Verde S.A. de C.V. Company was 60% Penoles and 40% Continental ore Company (USA)
Cia. Minera Rio Colorado S.A. de C.V. Company was 60% Penoles 40% Allied Chemical
EXPLORATION COMPANIES  
Cia. Minera Creston S.A. de C.V.  
Cia. Minera Cumuripa S.A. de C.V.  
Minera Proaņo S.A. de C.V.  
Minera Trion S.A. de C.V.  
STATUS UNKNOWN (Some may be inactive)  
Cia. Minera Bolanitos S.A. de C.V.  
Cia. Minera Coronado S.A. de C.V.  
Cia. Minera Escorpio S.A. de C.V.  
Cia. Minera La Reyna S.A. de C.V.  
Cia. Minera Pegaso S.A. de C.V. Inactive?
Dolorey S.A. de C.V  
Minera Catalina S.A. de C.V.  
Minera El Dragon S.A. de C.V.  
Minera Opodepe S. de R.L. de C.V.  
Minera Piscis S.A. de C.V.  
Minera Saucillo S.A. de C.V.  
Tresoria Minas S.A. de C.V.