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Symbol Data
Symbol
Currency
OTCMKTS:IPOAF
USD
Description
Industrias Penoles NPV are a gold and silver focused major with one producing mine in Mexico. Currently they produce roughly 600koz. of gold and 56.0Moz. of silver per year. They have approximately 12Moz. of gold and 800Moz. of silver in the reserves and resources category of which 12Moz. of gold and 800Moz. of silver are in the measured and indicated category. They have a market capitalisation of ~$20628.99M which hasn't changed over the last three months. As of 05/18/2026 they have ~$4,000M debt and ~$3801M cash. They have 397M shares outstanding and trade on the over-the-counter markets.
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General Details
Financial
05/18/2026 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
MCap (FD):
$20,628.99M
$20,628.99M
05/18/2026
$0.00M
MCap (OS):
$20,628.99M
$20,628.99M
05/18/2026
$0.00M
Total Assets:
$10,300.00M
$10,300.00M
05/18/2026
$0.00M
Total Liabilities:
$4,750.00M
$4,750.00M
05/18/2026
$0.00M
Current Assets:
$5,005.00M
$5,005.00M
05/18/2026
$0.00M
Current Liabilities:
$1,700.00M
$1,700.00M
05/18/2026
$0.00M
Total Debt:
$4,000.00M
$4,000.00M
05/18/2026
$0.00M
Cash:
$3,801.00M
$3,801.00M
05/18/2026
$0.00M
Debt (Net):
$199.00M
$199.00M
$0.00M
Enterprise Value:
$20,827.99M
$20,827.99M
$0.00M
Cash Flow:
$1,766.65M
$904.80M
never
$-861.86M
Cash Flow Multiple:
11.68
22.80
never
11.12
Net Debt to Cash Flow Ratio:
0.11
0.22
never
0.11
Finance within 1 year:
05/18/2026
n/a
Misc
05/18/2026 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Shares Outstanding:
397,475,747
397,475,747
05/18/2026
0
Shares (FD):
397,475,747
397,475,747
05/18/2026
0
Insider Ownership:
n/a
n/a
05/18/2026
n/a
Dividend (Annual):
n/a
n/a
05/18/2026
n/a
Company Type:
Mostly Silver
Mostly Silver
never
n/a
Group:
Producer
Producer
never
n/a
Production ETA:
n/a
n/a
05/18/2026
n/a
Production (Gold Eq Oz.):
(guess) 1,541,313
(guess) 1,419,484
05/18/2026
-121,828
Production (Silver Eq Oz.) :
(guess) 91,694,824
(guess) 97,001,387
05/18/2026
5,306,564
Development Phase:
Producer (Multiple Mines)
Producer (Multiple Mines)
05/18/2026
n/a
Optionality Play:
none
No
F U T U R E
% of Spot:
30Producer: Elite Quality
30Producer: Elite Quality
05/18/2026
0
Cash Flow Multiple:
15
15
05/18/2026
0.00
Resource Data
GOLD
05/18/2026 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
O U N C E S
T O T A L
Proven & Probable:
10.00M
10.00M
05/18/2026
0.00M
Measured & Indicated:
12.00M
12.00M
05/18/2026
0.00M
Inferred:
n/a
n/a
05/18/2026
0.00M
Reserves & Resources:
12.00M
12.00M
never
0.00M
P L A U S I B L E
Proven & Probable:
8.50M
8.50M
05/18/2026
0.00M
Measured & Indicated:
9.86M
9.86M
05/18/2026
0.00M
Inferred:
n/a
n/a
05/18/2026
0.00M
Reserves & Resources:
9.86M
9.86M
never
0.00M
C U R R E N T
Annual Production:
(guess) 600,000oz.
(guess) 600,000oz.
05/18/2026
0oz.
Cash Cost:
$2,800
$2,800
05/18/2026
$0.00
Extra Operating Cost:
$1,000
$1,000
05/18/2026
$0.00
Total:
$3,800
$3,800
05/18/2026
$0.00
Margin (Free Cash Flow):
$751 (17%)
$535 (12%)
$-216.56
MCap / Production (AuEq):
$13,384.04
$14,532.73
$1,148.70
EV / Production (AuEq):
$13,513.15
$14,672.93
$1,159.78
G R A D E
Underground (Avg):
3.00 g/t
3.00 g/t
05/18/2026
n/a
Open Pit (Avg):
n/a
0.80 g/t
05/18/2026
n/a
Recovery Rate:
(CG) 85.00%
(CG) 85.00%
05/18/2026
0.00%
F U T U R E
Proven & Probable:
12.00M
12.00M
05/18/2026
0.00M
Annual Production:
600,000oz.
600,000oz.
05/18/2026
0oz.
Cash Cost:
$2,800
$2,800
05/18/2026
$0
Extra Operating Cost:
$1,000
$1,000
05/18/2026
$0
SILVER
05/18/2026 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
O U N C E S
T O T A L
Proven & Probable:
700.00M
700.00M
05/18/2026
0.00M
Measured & Indicated:
800.00M
800.00M
05/18/2026
0.00M
Inferred:
n/a
n/a
05/18/2026
0.00M
Reserves & Resources:
800.00M
800.00M
never
0.00M
P L A U S I B L E
Proven & Probable:
595.00M
595.00M
05/18/2026
0.00M
Measured & Indicated:
663.00M
663.00M
05/18/2026
0.00M
Inferred:
n/a
n/a
05/18/2026
0.00M
Reserves & Resources:
663.00M
663.00M
never
0.00M
C U R R E N T
Annual Production:
(guess) 56,000,000oz.
(guess) 56,000,000oz.
05/18/2026
0oz.
Cash Cost:
$33.00
$33.00
05/18/2026
$0.00
Extra Operating Cost:
$20.00
$20.00
05/18/2026
$0.00
Total:
$53.00
$53.00
05/18/2026
$0.00
Margin (Free Cash Flow):
$23.50 (30.72%)
$10.43 (16.44%)
$-13.07
MCap / Production (AgEq):
$224.97
$212.67
$-12.31
EV / Production (AgEq):
$227.14
$214.72
$-12.43
G R A D E
Underground (Avg):
200.00 g/t
200.00 g/t
05/18/2026
n/a
Open Pit (Avg):
n/a
100.00 g/t
05/18/2026
n/a
Recovery Rate:
(CG) 85.00%
(CG) 85.00%
05/18/2026
0.00%
F U T U R E
Proven & Probable:
800.00M
800.00M
05/18/2026
0.00M
Annual Production:
56,000,000oz.
56,000,000oz.
05/18/2026
0oz.
Cash Cost:
$33.00
$33.00
05/18/2026
$0.00
Extra Operating Cost:
$20.00
$20.00
05/18/2026
$0.00
Property
Last Analysis Data (05/18/2026)
Stage
Name
Owned %
Type
NPV $M
IRR %
CapEx $M
Au
Ag
Cu
Notes
Prod
Mexico
Mexico
100 (guess)
Both
show
7 operating mines for precious metals
7 operating mines for base metals
Current Data
Stage
Name
Owned %
Type
NPV $M
IRR %
CapEx $M
Au
Ag
Cu
Notes
Prod
Mexico
Mexico
100 (guess)
Both
show
7 operating mines for precious metals
7 operating mines for base metals
Profitability (by resource)
Proven & Probable
05/18/2026 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Percentage Gold:
45.94%
49.40%
n/a
3.46%
Percentage Silver:
54.06%
50.60%
n/a
-3.46%
Total (Gold Eq. Oz.):
21.77M
20.24M
n/a
-1.52M
Total (Silver Eq. Oz.):
1,294.91M
1,383.36M
n/a
88.44M
P L A U S I B L E
Gold Eq. Oz.:
18.50M
17.21M
n/a
-1.29M
Silver Eq. Oz.:
1,100.68M
1,175.85M
n/a
75.18M
Maximum Profit (Gold):
$6,384.27M
$4,543.51M
n/a
$-1,840.76M
Maximum Profit (Silver):
$13,982.50M
$6,205.85M
n/a
$-7,776.65M
Total Maximum Profit:
$20,366.77M
$10,749.36M
n/a
$-9,617.41M
Max Profit / Current MCap:
0.987
0.521
n/a
-0.466
Max Profit Per Share (Gold):
$16.06
$11.43
n/a
$-4.63
Max Profit Per Share (Silver):
$35.18
$15.61
n/a
$-19.57
Total Max Profit Per Share:
$51.24
$27.04
n/a
$-24.20
Total Free Profit Per Share:
$0.00
$0.00
n/a
$0.00
FD MCap / Gold Eq.:
$1,114.99
$1,198.87
n/a
$83.88
FD MCap / Silver Eq.:
$18.74
$17.54
n/a
$-1.20
FD MCap / Per Metal as % Spot Price:
24.50%
27.66%
n/a
3.16%
EV / Gold Eq.:
$1,125.75
$1,210.44
n/a
$84.69
EV / Silver Eq.:
$18.92
$17.71
n/a
$-1.21
EV / Per Metal as % Spot Price:
24.74%
27.93%
n/a
3.19%
Measured & Indicated
05/18/2026 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Percentage Gold:
47.16%
50.62%
n/a
3.46%
Percentage Silver:
52.84%
49.38%
n/a
-3.46%
Total (Gold Eq. Oz.):
25.45M
23.71M
n/a
-1.74M
Total (Silver Eq. Oz.):
1,513.90M
1,620.03M
n/a
106.13M
P L A U S I B L E
Gold Eq. Oz.:
21.00M
19.56M
n/a
-1.44M
Silver Eq. Oz.:
1,249.58M
1,336.79M
n/a
87.20M
Maximum Profit (Gold):
$7,405.75M
$5,270.47M
n/a
$-2,135.28M
Maximum Profit (Silver):
$15,580.50M
$6,915.09M
n/a
$-8,665.41M
Total Maximum Profit:
$22,986.25M
$12,185.56M
n/a
$-10,800.69M
Max Profit / Current MCap:
1.114
0.591
n/a
-0.524
Max Profit Per Share (Gold):
$18.63
$13.26
n/a
$-5.37
Max Profit Per Share (Silver):
$39.20
$17.40
n/a
$-21.80
Total Max Profit Per Share:
$57.83
$30.66
n/a
$-27.17
Total Free Profit Per Share:
$5.93
$0.00
n/a
$-5.93
FD MCap / Gold Eq.:
$982.12
$1,054.54
n/a
$72.41
FD MCap / Silver Eq.:
$16.51
$15.43
n/a
$-1.08
FD MCap / Per Metal as % Spot Price:
21.58%
24.33%
n/a
2.75%
EV / Gold Eq.:
$991.60
$1,064.71
n/a
$73.11
EV / Silver Eq.:
$16.67
$15.58
n/a
$-1.09
EV / Per Metal as % Spot Price:
21.79%
24.56%
n/a
2.78%
Reserves & Resources
05/18/2026 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Percentage Gold:
47.16%
50.62%
n/a
3.46%
Percentage Silver:
52.84%
49.38%
n/a
-3.46%
Total (Gold Eq. Oz.):
25.45M
23.71M
n/a
-1.74M
Total (Silver Eq. Oz.):
1,513.90M
1,620.03M
n/a
106.13M
P L A U S I B L E
Gold Eq. Oz.:
21.00M
19.56M
n/a
-1.44M
Silver Eq. Oz.:
1,249.58M
1,336.79M
n/a
87.20M
Maximum Profit (Gold):
$7,405.75M
$5,270.47M
n/a
$-2,135.28M
Maximum Profit (Silver):
$15,580.50M
$6,915.09M
n/a
$-8,665.41M
Total Maximum Profit:
$22,986.25M
$12,185.56M
n/a
$-10,800.69M
Max Profit / Current MCap:
1.114
0.591
n/a
-0.524
Max Profit Per Share (Gold):
$18.63
$13.26
n/a
$-5.37
Max Profit Per Share (Silver):
$39.20
$17.40
n/a
$-21.80
Total Max Profit Per Share:
$57.83
$30.66
n/a
$-27.17
Total Free Profit Per Share:
$5.93
$0.00
n/a
$-5.93
FD MCap / Gold Eq.:
$982.12
$1,054.54
n/a
$72.41
FD MCap / Silver Eq.:
$16.51
$15.43
n/a
$-1.08
FD MCap / Per Metal as % Spot Price:
21.58%
24.33%
n/a
2.75%
EV / Gold Eq.:
$991.60
$1,064.71
n/a
$73.11
EV / Silver Eq.:
$16.67
$15.58
n/a
$-1.09
EV / Per Metal as % Spot Price:
21.79%
24.56%
n/a
2.78%
Future Valuation (Cash Flow & Totals)
Defaults
Defaults
05/18/2026 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Spot Gold:
$4,551.09
$4,334.53
08/18/2026
$-216.56
Spot Silver:
$76.50
$63.43
08/18/2026
$-13.07
Gold:Silver Ratio:
59.49
68.34
08/18/2026
8.84
Spot Gold (Future):
$7,000.00
$7,000.00
$0.00
Spot Silver (Future):
$200.00
$200.00
$0.00
Gold:Silver Ratio (Future):
35.00
35.00
0.00
Gold Avg. Recovery Rate:
75.00%
75.00%
0.00%
Silver Avg. Recovery Rate:
75.00%
75.00%
0.00%
Plausibility of P & P:
100.00%
100.00%
0.00%
Plausibility of M & I:
80.00%
80.00%
0.00%
Plausibility of Inferred:
50.00%
50.00%
0.00%
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