Feb 28 Precious metal miner Fresnillo Plc
reported a more than six-fold jump in its profit for
the year, boosted by higher production and metal prices and a
weak Mexican Peso.
The company, which mines silver and gold from six mines in
Mexico, reported profit of $425.0 million for the year ended
Dec. 31, compared with $69.4 million reported a year earlier.
Total revenue rose 31.9 percent to $1.91 billion.
Silver production was up 7.1 percent to 50.3 million ounces,
while gold production for the year was up 22.8 percent to
935,513 ounces. Capital expenditure for the year was $434.1
million, 8.6 percent lower than 2015 and below guidance.
(Reporting by Sanjeeban Sarkar in Bengaluru; Editing by Amrutha