Mexican mining company Penoles (PENOLES.MX: Quote) more than doubled its second quarter net profit to reach 3.68 billion pesos ($315 million) on higher metals prices, the company reported on Tuesday.

The miner and metals processor, which controls the world's largest primary silver producer Fresnillo (FRES.L: Quote) said its revenues in the April to June period reached nearly 24.85 billion pesos. ($1=11.71 pesos)