Fresnillo PLC (FRES.L)
21 Oct 2014
|Market Cap (Mil.):||£5,759.39|
|Shares Outstanding (Mil.):||736.89|
(Corrects paragraph 4 to show the company received shareholder approval for acquiring Newmont's stake, not for hedging output)
Oct 15 - Mexican gold and silver miner Fresnillo Plc said third-quarter silver production remained at similar levels to a year earlier as higher ore volumes processed at its Saucito mine and increased production from Silverstream compensated for lower grade-ore mined at its Fresnillo mine.
* Completion of acquisition of Newmont Mining's 44% interest in Penmont joint venture Source text for Eikon: Further company coverage:
* Post-acquisition expects annual output of 750k oz by 2018
Sept 12 - Fresnillo Plc, a silver and gold miner, said it would buy Newmont Mining Corp's 44 percent stake in their Mexico-focused Penmont joint venture for $450 million.
* Average realised silver prices falls 18 pct, gold 12 pct
Aug 5 - Mexican miner Fresnillo Plc reported a 10 percent decline in first-half attributable profit, due mainly to lower silver and gold prices.
(Adds details on Hochschild's Inmaculada project, Fresnillo Plc results, adds analyst comment)
July 16 - Mexican miner Fresnillo Plc said quarterly attributable silver output was flat as it processed more ore at its Saucito mine and raised output at its Silverstream mine to compensate for lower ore grades at its Fresnillo mine.