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Fresnillo PLC (FRES.L)

FRES.L on London Stock Exchange

729.20GBp
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0.60 (+0.08%)
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728.60
Open
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Volume
219,239
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1,248,290
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1,364.50
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712.55

Latest Key Developments (Source: Significant Developments)

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 1-Miner Fresnillo warns of "more challenging" 2019

May 21 Fresnillo said on Tuesday the current year would be more challenging than 2018 as a number of industry variables were "working against" the precious metals miner.