Fresnillo triples profit on back of booming gold and silver prices March 2, 2021 Mexican miner Fresnillo this morning said that its profit tripled in 2020 as booming gold and silver prices offset a slight fall in production. The FTSE 100 firm said that profit before tax jumped to $551.3m (£397.3m) for the last financial year, up from $178.8m in 2019. That’s considerably ahead of analyst predictions of profit [...]
Fresnillo forecasts fall in gold production due to landslide January 27, 2021 Precious metals miner Fresnillo today said that gold production would fall over the coming year due to a landslip at one of its mines. The FTSE 100 company said that full year gold output for 2021 was expected to come in at 675 to 725 k/oz. This year the firm reported production of 769 k/oz, [...]
Fresnillo production falls as firm prepares for mine closure January 29, 2020 Full year gold and silver production at FTSE 250 miner Fresnillo fell in 2019 as the firm prepared for the closure of its Noche Buena mine in Mexico. Total silver production fell 11 per cent, from 61.8 million ounces in 2018 to 54.6 million ounces last year. However, the final quarter showed a 3.7 per [...]
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 [...]