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Fresnillo PLC (FRES.L)

FRES.L on London Stock Exchange

662.60GBp
5:47pm IST
Change (% chg)

-4.40 (-0.66%)
Prev Close
667.00
Open
667.20
Day's High
673.20
Day's Low
660.80
Volume
419,903
Avg. Vol
1,777,249
52-wk High
1,028.00
52-wk Low
570.00

Latest Key Developments (Source: Significant Developments)

Fresnillo PLC Posts HY Profit For Period Of US$70.9 Mln, Down 69.1%
Tuesday, 30 Jul 2019 

July 30 (Reuters) - Fresnillo PLC ::FRESNILLO PLC - HY ADJUSTED REVENUES1 OF US$1,069.0M, DOWN 10.2%.FRESNILLO PLC - HY GROSS PROFIT AND EBITDA OF US$205.5M AND US$307.9M, DOWN 59.1% AND 45.7%, RESPECTIVELY.FRESNILLO PLC - HY PROFIT FOR PERIOD OF US$70.9M, DOWN 69.1%.FRESNILLO PLC - INTERIM DIVIDEND OF 2.6 US CENTS PER SHARE.FRESNILLO PLC - HY SILVER PRODUCTION OF 27.6 MOZ (INCLUDING SILVERSTREAM), DOWN 10.4%, AND GOLD PRODUCTION OF 432 KOZ, DOWN 7.1%.FRESNILLO PLC - CONSTRUCTION OF JUANICIPIO REMAINS ON TRACK TO BE CONCLUDED BY END OF 2020..FRESNILLO PLC - A PROGRAMME TO CONTROL COSTS AND FURTHER OPERATIONAL MEASURES TO INCREASE PRODUCTIVITY WILL BE DEPLOYED IN 2H19..FRESNILLO PLC - 2019 CAPEX HAS BEEN REVISED AND REDUCED TO US$655M.FRESNILLO PLC - "PERFORMANCE OF BUSINESS IN FIRST HALF HAS NOT MET OUR EXPECTATIONS".  Full Article

Fresnillo PLC Says First Half Gold Production Down 7.1% Versus H1 2018
Wednesday, 17 Jul 2019 

July 17 (Reuters) - Fresnillo PLC ::FRESNILLO PLC - QUARTERLY SILVER PRODUCTION OF 14.4 MOZ (INCLUDING SILVERSTREAM) UP 9.7% VERSUS. 1Q19.FRESNILLO - QUARTERLY SILVER PRODUCTION (INCLUDING SILVERSTREAM) DOWN 6.0% VERSUS. 2Q18.FRESNILLO PLC - FIRST HALF SILVER PRODUCTION (INCLUDING SILVERSTREAM) DOWN 10.4% VERSUS. 1H18.FRESNILLO PLC - QUARTERLY GOLD PRODUCTION OF 221.3 KOZ, UP 4.8% VERSUS. 1Q19.FRESNILLO PLC - FIRST HALF GOLD PRODUCTION DOWN 7.1% VERSUS. 1H18.FRESNILLO - 2019 SILVER PRODUCTION GUIDANCE IS DECREASED FROM 58-61 MOZ TO 55-58 MOZ MAINLY DUE TO LOWER ORE GRADES, ORE THROUGHPUT AT FRESNILLO MINE.FRESNILLO - 2019 GOLD PRODUCTION GUIDANCE OF 910-930 KOZ GOLD IS DECREASED TO 880-910 KOZ.FRESNILLO - 2019 GOLD PRODUCTION GUIDANCE CUT MAINLY DRIVEN BY DELAY IN CONSTRUCTION OF A LEACHING PAD AT HERRADURA AND LOWER ORE PROCESSED AT DLP.  Full Article

Fresnillo To Make Retrospective Changes To Tax Treatment For Mining Works
Monday, 1 Jul 2019 

July 1 (Reuters) - Fresnillo PLC ::FRESNILLO PLC - STATEMENT RE TAX TREATMENT OF MINING WORKS.FRESNILLO PLC - IN 2017 MEXICAN TAX AUTHORITIES OPENED A ROUTINE AUDIT INTO 2014 TAX RETURNS OF TWO UNDERGROUND MINING SUBSIDIARIES.FRESNILLO - HAS NOW DETERMINED IT TO ALIGN TAX TREATMENT ACROSS ITS UNDERGROUND MINING OPERATIONS WITH CONCLUSIVE AGREEMENT AGREED WITH AUTHORITIES.FRESNILLO - HAS ELECTED TO APPLY SAME CRITERIA REGARDING TAX TREATMENT OF MINING WORKS TO ALL ITS UNDERGROUND MINES, RETROSPECTIVELY FOR 2014 TO 2018.FRESNILLO PLC - DECISION HAS AN ESTIMATED NET IMPACT ON PROFIT & LOSS STATEMENT OF US$8.0 MILLION.  Full Article

Fresnillo Expects 2019 To Be More Challenging Than 2018
Tuesday, 21 May 2019 

May 21 (Reuters) - Fresnillo PLC ::DISAPPOINTED NOT TO MEET OUR LONG-TERM SILVER TARGET OF 65 MOZ.FULL YEAR GUIDANCE HOWEVER REMAINS UNCHANGED.GUY WILSON RETIRED FROM BOARD AT 2018 AGM.BOARD HAS RECOMMENDED A FINAL DIVIDEND OF 16.7 US CENTS PER ORDINARY SHARE.GROUP GENERATED OVER US$2.2 BILLION IN ADJUSTED REVENUE FOR YEAR, FLAT YEAR ON YEAR.JUANICIPIO ASSET WILL MAKE A MEANINGFUL CONTRIBUTION TO PRODUCTION IN FIRST HALF OF 2021, AFTER COMPLETION IN LATE 2020.EXPECT 2019 TO BE A MORE CHALLENGING YEAR THAN 2018, WITH "A NUMBER OF INDUSTRY VARIABLES POTENTIALLY WORKING AGAINST US".MAINTAIN CONFIDENCE IN MEXICO AND WILL KEEP INVESTING IN PROJECTS UNDER EXPLORATION.  Full Article

Fresnillo Says Expect 2019 To Be Another Challenging Year
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - Fresnillo PLC ::ACHIEVED ANNUAL SILVER PRODUCTION OF 61.8 MOZ AND A GOLD PERFORMANCE OF 923 KOZ IN 2018.FRESNILLO -DESPITE INCREASE IN SILVER PRODUCTION, REPORTED LOWER SILVER PRODUCTION THAN ANTICIPATED; DISAPPOINTED NOT TO MEET LONG-TERM SILVER TARGET.BOARD HAS RECOMMENDED A FINAL DIVIDEND OF US$16.7 CENTS PER SHARE, BRINGING TOTAL PAID FOR YEAR TO US$201.9 MILLION.LOOKING AHEAD, EXPECT 2019 TO BE ANOTHER CHALLENGING YEAR.CO FACES A NUMBER OF HEADWINDS IN 2019, INCLUDING LOWER PRICES FOR PRECIOUS METALS AND HIGHER INFLATION.SLIGHTLY LOWERING SILVER PRODUCTION GUIDANCE FOR 2019.FY TOTAL REVENUE $2,103.8 MILLION, UP 0.5 PERCENT.FY ADJUSTED REVENUE $2,243.4 MILLION VERSUS $2,233.2 MILLION A YEAR AGO.FY PROFIT BEFORE INCOME TAX $483.9 MILLION VERSUS $741.5 MILLION.SEES 2019 SILVER PRODUCTION EXPECTED TO BE IN RANGE OF 58 TO 61 MOZ INCLUDING SILVERSTREAM.CAPITAL EXPENDITURE IS ANTICIPATED TO BE APPROXIMATELY US$710 MILLION FOR 2019.  Full Article

Fresnillo Appoints André Sougarret Larroquete As COO
Wednesday, 9 Jan 2019 

Jan 9 (Reuters) - Fresnillo PLC ::FRESNILLO APPOINTS ANDRÉ SOUGARRET LARROQUETE AS COO.SOUGARRET LARROQUETE JOINS FRESNILLO FOLLOWING RETIREMENT OF ROBERTO DÍAZ.  Full Article

Fresnillo Lowers FY Silver Production Guidance
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Fresnillo PLC ::FRESNILLO PLC - QUARTERLY SILVER PRODUCTION OF 15.5 MOZ (INCLUDING SILVERSTREAM), UP 6.3% VERSUS. 3Q17.FRESNILLO PLC - QUARTERLY GOLD PRODUCTION OF 225 KOZ, DOWN 3.5% VERSUS. 3Q17.FRESNILLO - FY CONSOLIDATED PRODUCTION GUIDANCE HAS BEEN REVISED MARGINALLY: TOTAL GOLD PRODUCTION TO 920 - 940 KOZ (PREVIOUSLY 900 - 930 KOZ).FRESNILLO - FY CONSOLIDATED PRODUCTION GUIDANCE HAS BEEN REVISED MARGINALLY: TOTAL SILVER PRODUCTION TO 62.0 - 64.5 MOZ (PREVIOUSLY 64.5 - 67.5 MOZ).FRESNILLO PLC - Q3 FRESNILLO MINE SILVER PRODUCTION OF 3,745 KOZ VERSUS 3,516 KOZ YEAR AGO.FRESNILLO PLC - Q3 FRESNILLO MINE GOLD PRODUCTION OF 10,469 OZ VERSUS 8,819 OZ YEAR AGO.  Full Article

Fresnillo Revises FY Gold, Silver Production Forecast
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Fresnillo PLC ::INTERIM DIVIDEND 0.107 USDPER SHARE.SAYS HY ADJUSTED REVENUES OF $1,189.9 MILLION, UP 11.3 PERCENT.SAYS HY SILVER PRODUCTION OF 30.8 MOZ (INCLUDING SILVERSTREAM), UP 9.7 PERCENT, AND GOLD PRODUCTION OF 465 KOZ, UP 4.4 PERCENT.FULL YEAR CONSOLIDATED PRODUCTION GUIDANCE HAS BEEN REVISED MARGINALLY.SEES FY CONSOLIDATED TOTAL GOLD PRODUCTION OF 900 - 930 KOZ AND TOTAL SILVER PRODUCTION OF 64.5 - 67.5 MOZ INCLUDING SILVERSTREAM.  Full Article

Fresnilo Reiterates 2018 Production Guidance
Wednesday, 30 May 2018 

May 30 (Reuters) - Fresnillo PLC ::SAN JULIÁN PHASE II WAS COMMISSIONED ON BUDGET, AND PROJECT REACHED NAMEPLATE CAPACITY AS EXPECTED IN Q3.BOTH PYRITES PLANT IN FRESNILLO DISTRICT AND SECOND DYNAMIC LEACHING PLANT AT HERRADURA, HAVE ADVANCED ON TIME AND ON BUDGET.BOARD EXPECTS TO APPROVE DEVELOPMENT OF JUANICIPIO PROJECT IN COMING MONTHS, AND WE ANTICIPATE START-UP OF PRODUCTION IN MID-2020.OUTLOOK FOR YEAR IS UNCHANGED.ON TRACK TO ACHIEVE 2018 PRODUCTION GUIDANCE OF 67 TO 70 MILLION OUNCES OF SILVER, (INCLUDING SILVERSTREAM) AND 870 TO 900 THOUSAND OUNCES OF GOLD.APPROVED APPOINTMENT OF MR ALEJANDRO BAILLÈRES AS DEPUTY CHAIRMAN OF COMPANY.  Full Article

Fresnillo says ‍on track to achieve 2017 production guidance
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Fresnillo Plc :Q3 SILVER PRODUCTION OF 14.6 MOZ (INCLUDING SILVERSTREAM), UP 24.1% VERSUS. 3Q16​.‍QUARTERLY GOLD PRODUCTION OF 233 KOZ, UP 6.1% VERSUS. 3Q16 (220 KOZ) DUE TO CONTRIBUTION FROM SAN JULIÁN​.‍YEAR TO DATE (YTD) SILVER PRODUCTION OF 42.7 MOZ (INCLUDING SILVERSTREAM), UP 15.3% VERSUS. YTD16​.‍YTD GOLD PRODUCTION OF 679 KOZ, UP 1.7% VERSUS. YTD16 (667 KOZ) DUE TO CONTRIBUTION OF SAN JULIÁN PARTLY​.‍ON TRACK TO ACHIEVE 2017 PRODUCTION GUIDANCE OF 58-61 MOZ SILVER (INCLUDING SILVERSTREAM) AND 870-900 KOZ GOLD​."‍CONTINUE TO IMPLEMENT TURNAROUND PLAN AT FRESNILLO, SEE INCREASE IN SILVER PRODUCTION FOR YEAR OF BETWEEN SEVEN AND EIGHT PER CENT​".  Full Article

UPDATE 2-UK shares bag gains after delayed stock market open

* Financials biggest support after China stimulus (Adds news items, analyst comment, updates share prices to close)