Miners lift London Stock Exchange’s FTSE 100 as iron price hits record in China May 28, 2019 A rising iron ore price pushed up London-listed miners today, helping lift the FTSE 100. Rio Tinto rose 3.3 per cent by the early afternoon, while Fresnillo was up 2.8 per cent, putting both in the top five blue-chip risers. Read more: Charged: Chinese giant takes £14m stake in London lithium miner Bacanora It comes [...]
FTSE 100 risers: London miners climb blue-chip index as Vale shuts another mine March 21, 2019 London miners dominated the FTSE 100 this morning after Brazilian giant Vale said it was suspending production at another mine. Fresnillo led the charge of the metals producers, up 5.3 per cent, but Antofagasta, Glencore and Anglo American also made the top five risers on the index. Read more: Shares in miner Ferrexpo plunge after [...]
FTSE 100 risers and fallers: Index dips amid fears over global growth March 8, 2019 The FTSE 100 index slipped 0.7 per cent today driven by a plunge in gambling company GVC's shares and poor Chinese export data that has sparked fears over global growth. GVC led the day’s fallers with its share price 13.82 per cent down after dropping as low as 18 per cent earlier in the day after its chief [...]
Shine taken off Fresnillo as silver production set to fall this year February 26, 2019 Shares in Fresnillo sunk today as the miner warned that it was looking towards a year where prices could fall, inflation could rise and exchange rates could hit its bottom line. The figures Fresnillo grew its silver production by 5.3 per cent to 62m ounces in 2018, while gold increased 1.3 per cent to 923,000 [...]
FTSE 100 roundup: Today’s winners and losers February 1, 2019 The FTSE 100 finished 0.74 per cent up today, nudging just above 7,000 points to finish on 7,020.22. The index was bolstered by weakness in the pound after the release of further disappointing manufacturing statistics this morning. Sterling has had a tough end to an already difficult week, falling 0.3 per cent against the dollar, striking a [...]
Fresnillo shareholders fail to see silver lining as production set to drop January 23, 2019 Shares in Fresnillo fell by over two per cent today as the company warned investors that production from its silver mines may drop off after a “challenging” 2018. Silver output will fall to between 58m to 61m ounces, the company said, sending shares down 2.56 per cent to 888.8p just before markets closed. Read more: Fresnillo share [...]
FTSE round up: Index drops on oil and mining share sell-off following fears of oversupply November 23, 2018 The FTSE 100 closed 0.14 per cent down this week after falling to 6,950.82, driven by a sell off in oil and mining shares. The biggest faller was silver and gold miner Fresnillo which saw a 6.98 per cent decrease to 746.4p as the company continued to feel the effects of being downgraded by Morgan Stanley [...]
Fresnillo share price drops as Morgan Stanley warns of new Mexican laws November 22, 2018 Shares in mining giant Fresnillo fell today as the company was hit by a downgrade from Morgan Stanley. Fresnillo, which owns and operates gold and silver mines in Mexico, might be impacted by a string of newly proposed laws, Morgan Stanley said in a note to investors. The note sent shares in the FTSE 100 [...]
Fresnillo share price sheds as much as six per cent after pre-tax profit falls 40 per cent March 4, 2015 The figures Fresnillo said revenue fell 12.5 per cent to $1.41bn in the year ending December 2014, down from $1.6bn a year earlier. Pre-tax profit at the precious metals producer fell 40 per cent to $251m primarily due to plummeting silver and gold prices, as well as higher production costs. The company's share price slumped as [...]
Fresnillo gold output drops January 28, 2015 Mining company Fresnillo has reported a 2.4 per cent reduction in gold production for 2014, blaming a court-ordered stoppage of its operations at Soledad-Dipolos. Meanwhile, silver production increased by 4.9 per cent, boosted by the final three months of the year which saw production jump by 15.5 per cent compared with the same period of [...]