Edition:
United States

Fresnillo PLC (FRES.L)

FRES.L on London Stock Exchange

1,272.50GBp
23 Apr 2018
Change (% chg)

-25.50 (-1.96%)
Prev Close
1,298.00
Open
1,297.00
Day's High
1,306.00
Day's Low
1,266.00
Volume
865,942
Avg. Vol
1,066,336
52-wk High
1,746.00
52-wk Low
1,150.50

Latest Key Developments (Source: Significant Developments)

Fresnillo Says FY EBITDA Rose 2.7 Percent To $1.06 Billion
Tuesday, 27 Feb 2018 02:45am EST 

Feb 27 (Reuters) - Fresnillo Plc ::FINAL DIVIDEND 0.298 USDPER SHARE.FY EBITDA ROSE 2.7 PERCENT TO 1.06 BILLION USD.‍EXPECT AN INCREASE IN ORE THROUGHPUT IN 2018 FROM FRESNILLO MINE​.‍2018 SILVER PRODUCTION IS EXPECTED TO RISE TO BETWEEN 67-70 MOZ​.‍2018 GOLD PRODUCTION IS EXPECTED TO BE IN RANGE OF 870-900 KOZ​.FY TOTAL REVENUE $2,093.3 MILLION VERSUS. $1,905 MILLION AS REPORTED A YEAR AGO.FY PROFIT BEFORE INCOME TAX $741.5 MILLION VERSUS $718.2 MILLION AS REPORTED A YEAR AGO.2018 ‍CAPITAL EXPENDITURE IS ANTICIPATED TO BE APPROXIMATELY US$755 MILLION WITH EXPLORATION EXPENSES IN REGION OF US$200 MILLION​.  Full Article

Fresnillo Says Set To Increase Throughput And Silver Ore Grades In 2018​
Wednesday, 24 Jan 2018 02:00am EST 

Jan 24 (Reuters) - Fresnillo Plc ::SILVER PRODUCTION EXPECTED TO BE IN RANGE OF 67 TO 70 MOZ INCLUDING SILVERSTREAM IN 2018, IN LINE WITH OUR LONG TERM GUIDANCE​ .‍GOLD PRODUCTION EXPECTED TO BE IN RANGE OF 870-900 KOZ​ IN 2018 .‍RECORD ANNUAL SILVER PRODUCTION OF 58.7 MOZ (INCLUDING SILVERSTREAM) UP 16.6% VERSUS. 2016​.‍QUARTERLY SILVER PRODUCTION INCREASED 10.5% VERSUS 3Q17 DUE TO FIRST COMPLETE QUARTER OF SAN JULIÁN (PHASE II) OPERATING AT FULL CAPACITY​.‍FRESNILLO SET TO INCREASE THROUGHPUT AND SILVER ORE GRADES IN 2018​.  Full Article

Fresnillo says ‍on track to achieve 2017 production guidance
Wednesday, 25 Oct 2017 02:00am EDT 

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

Fresnillo says no impact on production due to Mexico earthquake
Thursday, 21 Sep 2017 02:00am EDT 

Sept 21 (Reuters) - FRESNILLO PLC ::CONFIRMS THAT ALL ITS OPERATIONS, BOTH MINE SITES AND ASSOCIATED INFRASTRUCTURE, ARE UNAFFECTED BY EARTHQUAKE AND CONTINUE AS NORMAL.SAYS THERE IS THEREFORE NO IMPACT ON PRODUCTION.  Full Article

Fresnillo posts H1 adjusted EPS 36.7 cents per share
Tuesday, 1 Aug 2017 02:00am EDT 

Aug 1 (Reuters) - Fresnillo Plc ::INTERIM DIVIDEND 0.106 USDPER SHARE.H1 PROFIT FROM CONTINUING OPERATIONS BEFORE NET FINANCE COSTS AND INCOME TAX OF US$377.9 MILLION, UP 24.2%.H1 PROFIT FOR PERIOD OF US$310.1M, UP 87.2%.H1 EPS FROM CONTINUING OPERATIONS OF US$41.9 CENTS PER SHARE, ADJUSTED EPS OF US$36.7 CENTS PER SHARE, UP 84.6% AND 200.8%.WELL POSITIONED TO MEET 2017 PRODUCTION TARGETS.ON TRACK TO MEET 2018 SILVER PRODUCTION TARGET OF 65 MILLION OUNCES.ALREADY SURPASSED 2018 GOLD TARGET OF 750 THOUSAND OUNCES.  Full Article

Fresnillo says on track to achieve 2017 production guidance
Wednesday, 26 Jul 2017 02:24am EDT 

July 26 (Reuters) - FRESNILLO PLC :PRODUCTION REPORT FOR THREE MONTHS ENDED 30 JUNE 2017.QUARTERLY SILVER PRODUCTION OF 14.5 MOZ (INCLUDING SILVERSTREAM), UP 11.7% VERSUS. 2Q16.QUARTERLY GOLD PRODUCTION OF 223 KOZ, UP 2.7% VERSUS. 2Q16 AS A RESULT OF CONTRIBUTION OF SAN JULIÁN (PHASE I).Q2 SAUCITO MINE SILVER PRODUCTION ‍5,674​ KOZ VERSUS 6,270 KOZ.FIRST HALF SILVER PRODUCTION OF 28.0 MOZ (INCLUDING SILVERSTREAM), UP 11.2% VERSUS. 1H16, PRIMARILY DUE TO START OF OPERATIONS AT SAN JULIÁN (PHASE I).Q2 SAUCITO MINE GOLD PRODUCTION ‍15,896​ OZ VERSUS 20,186 OZ.ON TRACK TO ACHIEVE 2017 PRODUCTION GUIDANCE OF 58-61 MOZ SILVER (INCLUDING SILVERSTREAM) AND 870-900 KOZ GOLD.QUARTERLY FRESNILLO MINE PRODUCTION 4,491 KOZ VERSUS 3,997 KOZ.  Full Article

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

UPDATE 2-Fresnillo profit short of forecasts, expects costs to rise

Feb 27 Fresnillo missed annual profit expectations and predicted higher costs ahead on Tuesday, sending shares in the precious metals miner down more than 5 percent.