Fresnillo slumps as it cuts 2019 production guidance
Fresnillo said gold and silver production dropped in the second quarter
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.
421 stories · page 2 of 5
Fresnillo to take small profit hit after Mexican tax tweak
The FTSE 100 group decided it was “in the company’s best interests” to treat all its mines according to a previous agreement with Mexican tax authorities
Investments and investor services
FTSE 100 closes higher as global markets buoyed by Fed's hint on rates
Carnival and Evra were the two big fallers among Footsie constituents
Investments and investor services
FTSE 100 closes higher despite continued trade worries
The UK's blue-chip benchmark added over 23 points to close at 7,184
Archive
FTSE 100 closes below its opening benchmark as trade war concerns cloud market sentiment
The UK blue-chip index ended 7.78 points lower at 7,265.98, just off the day's worst level of 7,263.80 after a topsy-turvey session which saw it hit a session high of 7,314.85 early on
Archive
FTSE 100 ends lower as US stocks retreat after mixed tech earnings
The FTSE 100 index closed 37.62 points, or 0.5% lower at 7,434.13, albeit above the session low of 7,405.99 as US stocks continued to post big falls on Thursday
Archive
Barclays set to kick off Q1 reporting season for UK banks
Aside from Barclays numbers, the Day Ahead will also bring updates from the likes of Taylor Wimpey and RELX, plus the final CMA decision on the planned Sainsbury's/Asda merger
Investments and investor services
FTSE 100 ends in positive territory, taking the cue from the Dow and data from China
"Equities have been relentlessly positive all day, with the session having started off on the front foot thanks to Chinese credit growth, which rose 10.7% over the year to hit a sum equivalent to 9% of the country’s GDP," said Chris Beaucha
Fresnillo maintains 2019 guidance despite weaker-than-expected quarterly production
Fresnillo has started construction on the Juanicipio joint venture with MAG Silver Corp after the project received board approval
Fresnillo higher as Morgan Stanley ups its rating to ‘equal-weight’ from ‘underweight’ as short-term risks recede
The US investment bank's analysts said: “We still see regulatory issues for Fresnillo and other miners in Mexico, although the speed of implementation of change looks slower"
Investments and investor services
FTSE 100 closes Friday higher and gains on week as investor growth fears ease
The footsie closed up nearly 43 points at 7,228, while FTSE 250 gained almost 208 points at 19,491
Fresnillo shares tumble as production targets missed
Fresnillo disappointed the market by missing its long-term production target of 65mln ounces
FTSE 100 closes lower as Brexit is talk of the town
Footsie closed down around 32 points at 7,151, while the FTSE 250 added 23 at 19,270
FTSE 100 closes higher on trade talk optimism; miners big winners
President Trump is due to sit down for talks with Chinese Vice Premier Liu He at around 7.30pm UK time
Fresnillo shares gain after UBS upgrades to 'buy' as it sees attractive risk vs reward
UBS raised its rating on Fresnillo to ‘buy’ from ‘neutral’ and lifted its target price to 1,100p from 900p
Archive
FTSE 100 closes lower on day and week as global growth worries knock sentiment
The UK's premier share index finished almost ten points down. It was also lower on the week as a whole
Archive
Mining updates continue to flow, with investors in Anglo American set for a deep dig
The Day Ahead also includes updates from blue-chip wealth manager St James's Place and new Wagamama owner The Restaurant Group, plus the latest European Central Bank policy meeting
Fresnillo reports record annual silver production but expects output in 2019 to be slightly lower
The Mexico-focused precious metals miner said annual silver production was 61.8mln ounces, up 5.3% on 2017, mainly due to the first full year of operations at San Julián
Archive
FTSE 100 closes in the red as global market unease continues
Britain's blue-chip index closed over 58 points lower at 6,642, while the FTSE 250 was also down
Archive
Blue-chip heavy into hump day as Burberry and Antofagasta report
Updates will be coming thick and fast from both the FTSE 100 and FTSE 250 on Wednesday
Investments and investor services
Brexit a factor in easyJet update, while US/China trade wars could be a drag for Burberry
The Week Ahead will also bring trading updates from the likes of Vodafone, Anglo American, William Hill, Dixons Carphone, and WH Smith, plus the latest UK jobs and wages data
Investments and investor services
FTSE 100: The good, the BATS and the Ocado in 2018
For Ocado, it was a case of "eat my shorts" as short sellers got burnt while for BATS, not enough cigarettes got burnt as e-cigarettes rose in popularity
Builders and building materials
FTSE 100 sticks on firm ground as US stocks bounce higher on Cyber Monday
The FTSE 100 was set to break a losing streak, rising 58 points
Fresnillo downgraded by Morgan Stanley on uncertainty over new Mexico mining laws
Morgan Stanley analysts said that two further bills have now been proposed that could have a larger impact than the previous nine, with the cancellation of existing mining concessions now possible
FTSE 100 closes firmly in the red as PM Theresa May says Brexit deal within grasp
The UK blue-chip benchmark closed down nearly 90 points at 6,960, while the FTSE 250 shed nearly 55 points
FTSE 100 closes with strong gains but Budget provides little impetus for enthusiasm
The FTSE 100 closed strongly as it joined a global rebound off last weeks volatility, however the latest Budget did little to help matters along
Fresnillo downgrades silver forecasts despite 6% rise in Q3 output
“Though silver production is up against all comparable periods, we are revising full-year silver guidance following continued challenges at the Fresnillo and Saucito mines.”
Investments and investor services
FTSE 100 keeps nose above water to finish in positive territory
Footsie finished Wednesday nearly eight points higher at 6,962.
Investments and investor services
Barclays treading water as activist investor pressure builds
The third quarter banking results season is upon us and Barclays is set to open the batting, more in the style of Keaton Jennings than Alastair Cook, according to many pundits
FTSE 100 closes sharply lower as 'bloodbath' kicks off US trading
"Global stocks have swung sharply lower, amid growing fears about the health of the Chinese economy and a slew of geopolitical concerns – UK, Italy and Saudi Arabia."
Fresnillo may become the go-to precious metals miner after Randgold Resources delists, says Merrill Lynch
Merrill Lynch upgraded Fresnillo to a ‘buy’ recommendation and set a target price of 1,150p
FTSE 100 finishes lower as trade worries rear their head again
The UK's premier index of leading shares closed down seven points, or 0.10% at 7,042
Archive
Third-quarter updates from Barclays, Lloyds Banking Group, and RBS all due in coming week
Aside from the banking trio, updates are also due in the week ahead from the likes of WPP, Whitbread, International Airlines Group, Ryanair, Glencore and Antofagasta
Investments and investor services
FTSE 100 closes positively as PM Theresa May says gov't is working towards a good Brexit deal
Britain's blue-chip benchmark finished up around 31 points at 7,029
Equity rout puts precious metals back into the spotlight
Markets sold off, but gold and silver miners rose
Investments and investor services
FTSE 100 closes down nearly 2% as the big sell-off continues
The UK blue-chip benchmark finished down nearly 139 points lower at 7,006 - not far from the 7,000 mark
FTSE 100 finishes in negative territory; Royal Mail slumps - again
FTSE 100 was on the losing team all day and closed down over 21 points at 7,474
Investments and investor services
FTSE 100 closes near flat as traders sit on hands ahead of Fed
The UK blue-chip index closed nearly four points higher at 7,511
FTSE 100 stays in red at close as Brexit deal confidence wanes; trade fears persist
The UK bluechip index fell 25 points to 7,253 around 3.50pm
Prospero Silver Completes Buenavista Drilling in Mexico
Drilling has now been completed at the project, which was the fourth under the Fortuna deal
FTSE 100 ends in positive territory as Barnier now sees potential Brexit deal in weeks
The UK's index of leading shares added 1.6 points, or 0.02% , to finish at 7,279, while sterling was up 0.80% against the US dollar
FTSE 100 holds gains; Crypto storage firm granted insurance through Lloyd’s of London
The move by Lloyd's marks a change from a previous reluctance by insurance companies to cover the often volatile digital currency sector
FTSE 100 closes higher as hopes grow for US, China trade talks
FTSE 100 closed ahead as the new trading week began, but off the 7,600 level, adding over 32 points to 7,591
Investments and investor services
FTSE 100 closes deep in red as Turkey/US worries escalate
Footsie closed down 1.49%, or around 114 points, at 7,497 on the day
Archive
FTSE 100 finishes higher as investors come back to risk; big miners gain
The Footsie finished up almost 48 points at 7,748, but FTSE 250 fell
Archive
BP may have already given a results spoiler, but there will be plenty else to digest on Tuesday
Aside from the oil giant's second-quarter numbers, results are also due from the likes of Centrica, Standard Chartered, Taylor Wimpey, Just Eat, and Greggs
FTSE 100 closes slightly in red as traders sit on hands ahead of central bank updates
FTSE 100 closed down 0.46 points, or 0.01% at 7,700 on Monday
Archive
Banks in the foreground as the BoE and Fed make rate decisions; Barclays, Lloyds, RBS all report results
Aside from the raft of banking numbers in the Week Ahead, the likes of BP, Centrica, Next, Rolls-Royce, BAE Systems and Taylor Wimpey will also continue the FTSE 100 reporting splurge
Prospero Silver shares tick higher as drilling starts at Buenavista
Buenavista is a precious metal-bearing, structurally controlled vein system in northwest Durango
FTSE 100 drops 1.26% as political turmoil in Europe hits
In the current markets, the pound fell 0.49% against the US dollar at 1.1472..
FTSE 100 ends week on a positive note; ITV is top riser
ITV's trading statement at the AGM gave the broadcaster a hot in the arm
FTSE 100's dollar earners enjoy sterling's day of misery on the forex markets
The FTSE 100 index managed to finish just above 7,500, helped by sterling's dive on the foreign exchange markets
Investments and investor services
FTSE 100 closes above 7,420 but gains capped by fall in Shell, US trade deficit in goods drops
Imports in the period fell 2.1%, while exports increased 2.4%
Shire takeover talk will overshadow results after Takeda upped the ante
Takeda on Wednesday increased its offer for Shire up to £46bn or £49 per share.
FTSE 100 pares losses as US bond yields rise above 3%
Resource stocks suffer as US dollar makes headway on forex markets
Archive
Big results day for banks and drugs as Lloyds and GlaxoSmithKline step up to the plate
Day ahead includes first-quarter updates from blue chip firms Lloyds Banking Group, GlaxoSmithKline, Whitbread, and Persimmon ...
Archive
Lloyds, Barclays, RBS, GSK and Shire kick off earnings season for banks and pharmas
The week ahead in includes updates from Lloyds, Barclays, RBS, Shire, GSK, Whitbread, Persimmon and Shell
FTSE 100 closes higher as Wall Street surges; sterling eases
FTSE 100 closed higher, as did it mid-cap cousin, FTSE 250
Investments and investor services
FTSE 100 closes near flat as Middle East tensions cool
The UK blue-chip benchmark closed 1.20 points, or 0.02% at 7,258..
FTSE 100 closes in red as pound firms but miners add support
Sterling added 0.01% against the Euro to 1.1434, while against the US dollar, it added 0.60% to 1.4232.
Investments and investor services
FTSE 100 can’t hold gains and closes in red as sterling firms
Britain's blue-chip benchmark closed down over nine points, or 0.13% to 7,214..
Investments and investor services
FTSE 100 closes in red as Powell's hawkish tone gives traders jitters
New Fed supremo Jerome Powell will likely stick to a gradual, three hikes scenario, but the case for a faster pace of tightening is growing stronger, according to Nordic investment bank, SEB
Archive
Standard Chartered to take the bow for banking results, as Persimmon starts for the housebuilders
Day ahead includes a welter of blue chip results from the likes of Standard Chartered PLC, Persimmon PLC, Direct Line Group, and GKN PLC
Archive
Housebuliders step up to the podium in busy week of corporate earnings
The week ahead includes a slew of full year results, including from Taylor Wimpey, Persimmon, GKN, Capita, AB Foods and WPP
Investments and investor services
FTSE 100 closes in the red as sterling booms
“If he intended it, Treasury Secretary Steven Mnuchin has done a first class job of whacking the dollar,” declared Neil Wilson at ETX Capital. .
Archive
More Brexit rants expected from Wetherspoons founder in Christmas trading update
The day ahead includes trading updates from Wetherspoons, WH Smith, Fevertree and Sage Group
Investments and investor services
FTSE 100 finishes higher but miners weigh
The pound is down 0.21% against the Euro and off 0.04% against the US dollar at the time of writing
Archive
Margin improvements the focus for interims from drinks group Diageo in coming week
Week ahead includes updates from Diageo PLC, easyJet PLC, Dixons Carphone PLC, ASOS PLC, Sky PLC, JD Wetherspoon PLC, plus UK labour market and GDP data
Investments and investor services
FTSE 100 closes higher; Next keeps festive cheer rolling
On a separate note, Mifid II comes into force today with the aim of increasing transparency and making everyone in the investment chain more accountable for their decisions
FTSE 100 closes 2017 at fresh record; Wall Street continues to power north
London shares closed at new records as traders now turn attention to 2018
FTSE 100 ends at high point of the day but just short of 7,500
A slump in the value of the pound was, as usual, a signal for investors to pile into FTSE 100 stocks
Investments and investor services
FTSE 100 finishes in the red as BoE keeps rates on hold
FTSE 100 closed down over 48 points at 7,448., while FTSE 250 shed over 55 to 20,006
Investments and investor services
FTSE 100 closes in red as big miners weigh
FTSE 100 closed around 11 points down, while the FTSE 250 dropped almost 65 points
Orex Minerals gets its hands on third 'quality asset' in Mexico
Cordero has undergone several phases of exploration, with multiple targets yet to be explored, the firm said..
FTSE 100 closes higher; miners lag and Brexit wranglings continue
FTSE 100 closed over 38 points higher on the day to 7,338; FTSE 250 shares added over 81
Fresnillo shares gain as HBSC upgrades rating to 'buy'
"Fresnillo’s valuation now looks very attractive on a historical basis and relative to peers,” HSBC said
Investments and investor services
FTSE 100 joins global sell-off to close lower
Data out yesterday suggested Chinese industrial production growth is starting to slow, which is bad news for miners, but Fresnillo topped Footsie today
FTSE 100 closes a shade higher as pound strengthens ahead of rate decision
Around 4pm, the UK blue chip index rose 2 points to 7,490
Archive
FTSE 100 closes in red as pound strengthens; BoE in focus
Around 4pm, the UK blue chip index fell 14 points to 7,490 as the Bank of England's interest rate decision looms
Fresnillo reaffirms full year guidance after third quarter growth in silver and gold output
Fresnillo reported a 24.1% increase in silver production and a 6.1% rise in gold output in the third quarter
FTSE 100 finishes in the red; Tusk says still no progress in Brexit talks
If the 7,300 level were a fence, Footsie would have spent the whole day sitting on it
Fresnillo's production unaffected by Mexico earthquake
In a statement, the gold and silver group added it was deeply saddened by the catastrophe
FTSE 100 closes almost 36pts up as traders buy back in
The blue chip index closed out almost 36 points higher at 7,413
Investments and investor services
FTSE 100 closes lower as Donald Trump says “all options are on the table” for North Korea
FTSE 100 closed Tuesday's afternoon session 64 points lower at 7,337
FTSE 100 plunges on North Korea fears
The FTSE 100 finished 108 points lower at 7,390, about 13 points above its intra-day low
Archive
Banks to dominate another busy earnings week, including numbers from HSBC and RBS
Week ahead: HSBC, Royal Bank of Scotland, Royal Dutch Shell, Next, Centrica, Shire, US jobs, Bank of England policy meeting ...
FTSE 100 fades despite demand for miners
The Footsie closed down on the day but up on the week
Investments and investor services
FTSE 100 closes 19 ahead with miners in support
The top-shares index pushed on again in the afternoon session despite an indifferent showing on Wall Street
Investments and investor services
FTSE 100 drifts off highs as US stocks make weak start
The FTSE 100 index was closed up 10.37 at 7,367 on Wednesday
FTSE 100 closes 19 down but Worldpay surges
With the US closed today, there is every chance UK traders should have taken the day off as well
FTSE 100 closes 55 down and UK mid-caps plunge; BoE raises prospect of rate rise
FTSE 100 closed down 55 at 7,419 as retail shares took a beating
FTSE 100 closes lower as Britain heads to the polls
The blue chip FTSE 100 index closed 28 points down at 7,449
FTSE100 closes a tad lower as eyes and nerves turn to election
FTSE100 subdued after latest poll points to hung parliament
FTSE 100 closes 21 points down, but Nasdaq makes gains
The blue chip index in the UK finished down 21.12 at 7,526
FTSE 100 closes below 7,500; Marks & Spencer top riser
The pound has given up some of its recent gains, which has helped the internationally-focused firms on the FTSE 100
Footsie ends the week in profit as US stocks extend rally
Concerns over "the Donald" appear to be easing, and investors took the opportunity to return to equity markets
BP ticks higher as shareholders back CEO's reduced pay at AGM
A look at some of the biggest London-listed risers and fallers today
FTSE 100 closes lower as Trump fears grow; Dow Jones crashes
The UK blue chip index closed down 18.56 points at 7,503