Peñoles Buys Back the 12-Contract Silver Deal With Fresnillo
Mexico's Industrias Peñoles has bought back the Silverstream Contract, a series of 12 agreements, from its London-listed unit Fresnillo for US$40 million, closing an 18-year silver-streaming pact after operational difficulties at the Sabinas mine. The post Peñoles Buys Back the 12-Contract Silver Deal With Fresnillo appeared first on The Rio Times .
Peñoles has bought back the 12-contract silver deal with Fresnillo, concluding an 18-year agreement formed in 2007. The Silverstream Contract, a series of 12 commercial agreements, has been formally closed. Peñoles paid US$40 million for the buyback, which took place on 31 July 2025. Fresnillo received the final payment on 26 August 2025.
The Sabinas mine, the source of silver for the contract, was experiencing operational difficulties, prompting the companies to end the arrangement. Peñoles now owns the silver from Sabinas, while Fresnillo exits the legacy stream tied to the single mine. Silver and gold prices have been strong, leading both companies to focus on current market conditions rather than old contracts.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
