Company
Fresnillo PLC
LON:FRES
The Fresnillo Group is a leading precious metals company, and is the world's largest primary silver producer and Mexico's second largest gold producer. Fresnillo's mining assets are comprised of three operating mines (Fresnillo, Ciénega and Herradura), two development projects (Fresnillo II and Soledad and Dipolos at Herradura), three advanced exploration prospects (San Juan, San Julian and Orysivo) and multiple exploration projects.
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FTSE 100 slumps as Budget and US election jitters hit; Gold falls back from record
Gains by Lloyds, Reckitt Benckiser, WPP and Barratt Redrow failed to buoy the FTSE 100 on Wednesday
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FTSE 100 Live: Index regains as IMF hikes UK growth forecast; HSBC splits business
The FTSE 100 clawed back ground on Tuesday afternoon as the IMF lifted expectations for UK growth this year
FTSE 100 Live: Stocks lifted, US markets well bid, gold at record high
Blue chips up 35 points
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FTSE 100 closes lower after Fed comments signal hawkishness across the pond
At the close, the FTSE 100 had lost 10 points on the day to finish at 7,919 points
Fresnillo costs soar as inflation and labour laws take toll
JP Morgan had suggested costs were being underestimated
Fresnillo says more electrical testing needed before Juanicipio mine can be tied into grid
The FTSE 100 miner sees no impact on full-year production guidance, nor on expected production from Juanicipio in 2023 and beyond
Fresnillo: After the 'unholy trinity' come judgement day
Analysts have had a day to run the numbers after the Mexico-focused silver miner delivered a disappointing set of interims
Fresnillo’s interim profits cut in half on lower gold production and fall in silver price
Fresnillo is one of the world's largest major primary silver producers
Fresnillo second-quarter output in line, keeps full-year guidance
“We are making good operational progress, despite the ongoing impact of the pandemic and global supply chain bottlenecks,” said chief executive Octavio Alvídrez
Citi sees gold hitting US$2,125 and calls Fresnillo ‘best’ leverage play to precious metals
Fresnillo could be turning around at around the same time as gold happens to be hitting record highs, according to Citi.
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FTSE 100 closes sharply higher on bargain-hunting
You can tell it is in, to use the market pundit’s cliché, a “risk-on” day by the fact that gold is trading 2.5% (US$51) lower at US$1,992.30 an ounce.
Fresnillo posts 3% lift in 2021 earnings after operationally challenging year
Labour reform in Mexico, which restricted the company's ability to subcontract labour, came into effect last September
Meet the new haven ... same as the old haven: gold!
If it’s not safe it’s not much of a haven, is it? Gold is up 2.6% today while Bitcoin is down 6.5% (and down some 25% in 2022)
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Today's Market View - Anglo American and Fresnillo.
Fresnillo (LON:FRES) 888p, Mkt cap £6.5bn - Fresnillo’s Juanicipio Mexico project sees delayed startup on grid connection issues due to Covid-related staff shortages at utility Fresnillo and MAG Silver’s Juanicipio project in Mexico has exp
Fresnillo hit by Covid delay to Juanicipio mine
Before the pandemic, the companies expected the mine to begin production in mid-2020
Fresnillo posts 59% jump in interim profits on higher gold and silver production and metal prices
it remains on track to meet its 2021 full-year production guidance
Investments and investor services
Gold miners appeal as precious metal sneakily regains momentum, says RBC
“From a risk-reward perspective, we continue to see substantial upside for the gold equities"
Fresnillo weak as UBS downgrades to ‘sell’ from ‘neutral’ on valuation grounds
The Swiss bank also reduced its target price for the FTSE 100-listed firm to 700p from 1,100p, with the shares currently trading at 1,022.50p, down 0.7%
Silver surges amid short squeeze fever sparked by Reddit’s WallStreetBets
As with GameStop, analysts suggested retail investors (and probably some 'smart money' funds) are targeting short sellers and casting their eye about for new targets
Fresnillo expects lower gold production after land slip and permit delays
Silver production was down 2.5% quarter on quarter, while gold was up 24.8%
Fresnillo cuts full-year gold production guidance
Silver production guidance was maintained at 51-56mln ounces
Fresnillo profits spike as strong gold and silver prices offset COVID-19 production shortfall
“The combination of higher commodity prices and lower costs has resulted in a significant rise in profitability during the first half,” said Octavio Alvídrez.
Fresnillo cuts gold guidance as coronavirus restrictions hit open-pit mines
Quarterly silver production was up 2.8% on the first quarter, while gold production fell 6.4%
The gold-silver ratio narrows, providing boosts to companies like Fresnillo and Alien Metals
Silver is set to outperform gold in relative terms, according to analysis from Citi
Fresnillo profits drop, expects return to growth in 2021
Fresnillo is London's go-to silver company, but its shares have halved in value over the past three years
Fresnillo moves production date forward at Juanicipio after cost blow-out
Fresnillo expects production of 11.7mln ounces of silver per year from Juanicipio
Fresnillo cautious on production in current year
The Mexican group expects to produce 51mln-56mln ounces of silver and 815,000-900,000 ounces of gold in 2020
Fresnillo reveals drop in Q3 silver and gold production
Previously downgraded gold production guidance remains intact, but the company now reckons it will arrive at the lower end of the range.
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FTSE 100 closes sharply lower as US jobs fail to inspire; RBS top laggard
"The [jobs] report will more than likely be brushed aside as Fed Chair Powell and US President Trump continue to clash horns in a power struggle," said Nick Kilbey, a sales trader at Foenix Partners
Investments and investor services
FTSE 100 closes in the red as traders await first US rate cut since recession
Investors are expecting a cut of 0.25% in the benchmark short-term rate
Fresnillo posts sharp drop in sales and profits for first half of 2019
A cost cutting programme will be rolled out in the second half of 2019
Investments and investor services
FTSE 100 closes lower but BP top gainer after Q2 results beat expectations
The FTSE 100 index closed 39.84 points lower on the day at 7,646, while the midcap FTSE 250 index plunged almost 112 points to close at 19,774