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Fresnillo PLC (FRES.L)

FRES.L on London Stock Exchange

28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Fresnillo confirms 2017 gold and silver production guidance
Wednesday, 26 Apr 2017 02:00am EDT 

April 26 (Reuters) - Fresnillo Plc ::Quarterly silver production of 13.5 moz (including silverstream), up 10.7% versus. 1Q16 mainly due to contribution of san julián (phase i).On track to achieve 2017 production guidance of 58-61 moz silver, (including 4.0 moz from silverstream).Quarterly gold production of 222.3 koz, down 3.3% versus. 1Q16 and 17.1% versus. 4Q16 due to one-off reduction of inventory levels at leaching pads in herradura in 2016.On track to meet 2017 production guidance of 870-900 koz gold.Q1 silverstream production decreased 5.7% versus 1q16 mainly due to a lower recovery rate and a lower ore grade at sabinas mine..Quarterly silver production at fresnillo up 3.5% versus. 1Q16 due to higher ore grade at san carlos and san mateo areas.Quarterly silver production at saucito down 5.3% versus 1q16 due to lower ore grade and temporary limited access to high-grade stopes.Quarterly gold production at herradura down versus to 1q16 and 4q16 as a result of favourable effect in 2016 of one-off reduction of inventories.  Full Article

Fresnillo Says FY profit for year up 512.4 pct
Tuesday, 28 Feb 2017 02:00am EST 

Fresnillo Plc : Final dividend 0.215 usd per share . Financial results for year ended Dec. 31 2016 . Fresnillo plc - board has recommended a final dividend of 21.5 cents per share, equivalent to approximately us$158.4 million . Delivered silver production of 50.3 million ounces . Implemented additional measures to increase mine preparation and expect a gradual improvement in production in 2017 . Gold production of 935.5 thousand ounces exceeded our revised guidance, mainly as a result of reduction in inventories at Herradura . Expect further increases in production with silver reaching 58-61 million ounces range (including Silverstream) and gold production to be between 870-900 thousand ounces . Capital expenditure is anticipated to be approximately us$800 million and exploration expenses us$160 million for fy 2017 . Fy adjusted revenue of us$2,045.0 million, 29.2 pct increase versus. 2015 on increased volumes and higher metal prices . Fy profit from continuing operations before net finance costs and income tax of us$676.5 million, up 237.5 pct . Fy capital expenditures of us$434.1 million, 8.6 pct lower than 2015 and below guidance, mainly due to lower capex at San Julián reflecting delay in phase ii .FY exploration spend of us$121.2 million, 13.6 pct lower than 2015.  Full Article

Fresnillo says Q3 silver production up 6.7 pct
Wednesday, 12 Oct 2016 02:00am EDT 

Fresnillo Plc : production report for three months ended 30 september 2016 . Says quarterly silver production of 11.8 moz (including silverstream), up 6.7 pct versus. 3Q15 mainly due to start-up of phase 1 of San Julián . Says quarterly silver production down 9.4 pct versus 2Q16 mainly due to expected lower ore grades and lower recovery rate at Saucito . Says year to date silver production of 37.0 moz (including silverstream), up 6.3 pct on same period of 2015 . Quarterly gold production of 220 koz, up 20.9 pct versus. 3Q15, due to higher volumes processed and higher ore grades at Herradura and Noche Buena . Says year to date gold production of 667 koz, up 22.3 pct on same period of 2015 . Says milling facility at San Julián is processing ore and leaching plant has been operating normally since august . Says phase 2 commissioning now expected 2q17 due to external factors . Says on track to achieve our recently raised full year gold guidance of 850-870 koz and our full year silver guidance of 49-51 moz . Says we remain on track to meet our full year production guidance of 850-870 koz gold and 49-51 moz of silver .Says recently volumes processed have come under pressure as a result of some equipment availability and personnel issues.  Full Article

Fresnillo says San Julián facility operating normally for a week
Thursday, 18 Aug 2016 02:00am EDT 

Fresnillo Plc :Milling facility at San Julián (Phase 1) has been processing ore and leaching plant operating normally for a week.  Full Article

Fresnillo CEO Alvidrez says silver price has bottomed
Tuesday, 2 Aug 2016 03:31am EDT 

Fresnillo Plc : Ceo alvidrez says "we have hit the bottom for silver price" . Ceo alvidrez says silver prices could continue at these levels for the rest of the year . Ceo alvidrez says still sees 2016 global silver production growth slightly lower to flat despite higher prices . Ceo alvidrez says at current prices, co would expect a stronger h2 result than h1 . Ceo alvidrez says currently expects 2017 capex of about $700 million Further company coverage: [FRES.L] (((Bengaluru Newsroom +91 806 749 1136);)).  Full Article

Fresnillo says H1 EBITDA of $474 mln
Tuesday, 2 Aug 2016 02:00am EDT 

Fresnillo Plc : Interim dividend 0.086 usdper share . Maintain contingency plan which was put in place at beginning of year . H1 ebitda $474.0 million versus $317.9 million year ago up 49.1 percent .H1 total revenues increased 17.9% half on half to us$886.9 million.  Full Article

Fresnillo ups FY gold production forecast to 850-870 thousand ounces
Wednesday, 20 Jul 2016 02:00am EDT 

Fresnillo Plc : Says quarterly gold production down 5.3% versus. 1Q16 . Says full year gold guidance raised to 850-870 koz from 775-790 koz . Says expect full year silver production at this mine to show an increase of around 6% compared to 2015 . Says looking ahead, we are today raising our gold production guidance for full year to 850-870 thousand ounces . Says qtrly and h1 silver production increased 9.4% and 5.8% respectively versus comparable periods of 2015; result of higher ore grades . Says production report for three months ended 30 june 2016 . Says quarterly silver production of 13.0 moz (including silverstream), up 14.5% versus. 2Q15 and up 6.3% versus. 1Q16 . Says first half silver production of 25.2 moz (including silverstream), up 6.1% versus. 1H15 . Says mainly due to increased ore processed at saucito and higher ore grades at ciénega . Says quarterly gold production of 218 koz, up 19.6% versus. 2Q15, and first half gold production of 448 koz, up 23.0% versus. 1H15 . Says full year silver production remains on track (49-51 moz, including silverstream) . Says our full year silver production guidance remains unchanged .Says remain on track to meet our silver production guidance of 49-51 million ounces.  Full Article

Fresnillo confirms 2016 gold and silver production guidance
Friday, 1 Jul 2016 11:28am EDT 

Fresnillo Plc : Announce that construction of San Julián project phase 1 has been completed on time and on budget. . Company confirms its guidance of 775-790 koz of gold and 49-51 moz of silver for 2016 . Higher than expected volumes produced at Saucito will compensate for shortfall production at San Julián .$515 million San Julián silver-gold project has an expected average production of 10.3 million ounces of silver and 44,000 ounces of gold per year once phase 2.  Full Article

Fresnillo sees low double-digit pct risein 2016 silver production
Tuesday, 10 May 2016 02:00am EDT 

Fresnillo Plc : Low double-digit percentage increase in silver production expected in 2016 (versus. 2015) -CEO .Expected Centauro extension project capex of us$110 million to produce additional 36 thousand ounces of gold with commissioning expected in 2018.  Full Article

Fresnillo Plc says does not expect material financial impact of Saucito mine
Wednesday, 9 Dec 2015 05:14am EST 

Fresnillo Plc:Incident at the Saucito mine.Note statement published by PROFEPA ( Mexican Environmental Authority) in respect of an incident at Saucito mine on December 6.​‍ Incident occurred due to rupture of a pipeline while non-toxic solution was being pumped from beneficiation plant to tailings dam.Immediately informed authorities, who have concluded in their initial review that situation is of limited scale, and as a result operations have not been and will not be suspended.85 pct of affected area has already been remediated and company expects to conclude all remediation activities by Friday.​ Fresnillo does not expect any material financial impact or loss of production as a consequence of incident​.Investigation into reasons behind this incident is underway​.  Full Article

More From Around the Web

Fresnillo says Q1 silver output up 12.5 pct, on track to meet FY targets

April 26 Precious metals miner Fresnillo Plc said its silver production rose 12.5 percent in the first quarter due to higher ore grades at its Fresnillo and Cienega mines in Mexico.