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 [...]
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 [...]