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 [...]
Linklaters partner joins Fresnillo board as Lord Cairns steps down April 14, 2014 A SENIOR partner at magic circle law firm Linklaters will join the board of Mexico-focused miner Fresnillo, replacing Lord Cairns. Cairns plans to step down at the FTSE 100-quoted miner’s annual meeting in May. “I should like to take this opportunity to thank Lord Cairns for his significant contribution to the board over the past [...]
Fresnillo slumps after low prices and legal issues knock its results March 4, 2014 FRESNILLO’S share price nosedived nine per cent in early trading yesterday, after the Mexico-focused miner reported a 64.4 per cent decline in full-year profits due to legal issues and lower metal prices. The FTSE 100-quoted company said gold production had declined by 10 per cent after legal proceedings halted operations at the Soledad-Dipolos mine and [...]
Fresnillo profits dive as gold production falls March 4, 2014 Fresnillo shares are down nine per cent in wake of the company's full year financial results. Mexico-focused miner Fresnillo has reported a collapse in profit before tax of 64 per cent to $418m for the year ended 31 December 2013. Attributable gold production suffered a fall of 10 per cent to 425,831 ounces, largely due [...]
Silver surprises at Fresnillo but gold production fails to glisten January 28, 2014 IT WAS a tale of two metals for Mexican-focused miner Fresnillo yesterday, as its quarterly update showed a decline in gold production but a strong silver performance. The FTSE 100-quoted firm’s share price slid over three per cent on the update, as a temporary explosives ban for two of its mines continued to impede gold [...]