Supreme Court denies Peñoles tax relief for Industrias Peñoles stock

Published on 10/14/2026 at 11:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached USD 2.89 billion in the second quarter of 2026. Industrias Peñoles stock trades at EUR 43.70 on October 14, 2026.

Tax ruling and quarterly figures

The Supreme Court denied Peñoles diesel tax relief on October 3, 2026.
Second-quarter 2026 revenue reached USD 2.89 billion.
Industrias Peñoles stock traded at EUR 43.70 at 11:04 a.m. CEST on October 14, 2026.

Industrias Peñoles, MXP554091415, Illustration mit AI erstellt.

Industrias Peñoles (ISIN MXP554091415) traded at EUR 43.70 at Lang & Schwarz at 11:04 a.m. CEST on October 14, 2026. The latest company-specific development was a Mexican Supreme Court ruling dated October 3, 2026, while second-quarter revenue reached USD 2.89 billion.

Three dated developments

On May 14, 2026, Industrias Peñoles paid a dividend of USD 0.38 per share, according to the company's stock page.

For the second quarter of 2026, revenue was USD 2.89 billion and net income was USD 642.01 million, according to SilverTrade, which cites the company's quarterly filing dated August 4, 2026.

On October 3, 2026, the Supreme Court denied an amparo sought by Industrias Peñoles and subsidiaries over diesel tax incentives linked to the 2019 fiscal year, El Fondo reported. Seven justices backed the tax rules, while one justice dissented.

What does the ruling change?

The decision keeps the dispute tied to the 2019 tax incentive framework rather than the company's latest operating period. El Fondo reported that the court considered requirements such as holding a mining concession, proving specific income and staying current on mining duties to be valid conditions.

That legal outcome gives investors a separate risk variable from the quarterly numbers. The same report said the dispute began in 2019 and followed earlier decisions by Mexico's administrative courts in 2024.

Second-quarter earnings in view

Peñoles' second-quarter revenue of USD 2.89 billion was lower than the USD 3.44 billion recorded in the first quarter of 2026, based on the periodized figures reported by SilverTrade. Net income also moved from USD 665.03 million in the first quarter to USD 642.01 million in the second quarter.

The company operates in precious and base metals, and its investor-relations page lists 397,475,747 shares outstanding. The same page identifies the Mexican Stock Exchange, or BMV, as the listing venue and the IPC as the relevant Mexican index.

Stock price and trading status

At Lang & Schwarz, Industrias Peñoles stock was trading at EUR 43.70 on October 14, 2026 at 11:04 a.m. CEST. The price was an intraday euro indication for German-market investors.

Industrias Peñoles is listed on the BMV under ticker PE&OLES, with the quoted market currency MXN. Its business spans mineral exploration, extraction, smelting, refining and chemical products.

The further course of trading is shown by the continuously updated real-time quote of Industrias Peñoles stock.