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Fresnillo Sees FY 2019 Silver, Gold Production Likely To Be At Lower End Of Guided Ranges
Fresnillo PLC Posts HY Profit For Period Of US$70.9 Mln, Down 69.1%
Fresnillo PLC Says First Half Gold Production Down 7.1% Versus H1 2018
Fresnillo plc is a holding company. Through its subsidiaries, the Company is engaged in the mining and beneficiation of non-ferrous minerals, and the sale of related production. The primary contents of this production include silver, gold, lead and zinc. The Company has six operating mines: Fresnillo, located in the State of Zacatecas, which is primary silver mine; Saucito, located in the State of Zacatecas, an underground silver mine; Cienega, located in the State of Durango, an underground gold mine, including the San Ramon satellite mine; Herradura, located in the State of Sonora, a surface gold mine; Soledad-Dipolos mine, located in the State of Sonora, a surface gold mine, and Noche Buena, located in State of Sonora, a surface gold mine. The Company has two development projects, which include Saucito II and San Julian. The Company's subsidiaries include Minera Fresnillo, S.A. de C.V., Minera Penmont, S. de R.L. de C.V., Minera Saucito, S.A. de C.V. and Fresbal Investments, Ltd.
Gold & Silver
No. 549, Torre 2, Colonia 10 de abril
Alberto Bailleres Gonzalez
Non-Executive Chairman of the Board
Chief Executive Officer
Non-Executive Non-Independent Deputy Chairman of the Board
Mario Arreguin Frade
Chief Financial Officer
Andre Sougarret Larroquete
Chief Operating Officer
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Gunmen robbed a truck carrying bars made of doré - a gold and silver alloy - from a unit of Mexican mining firm Fresnillo, the company said late on Sunday.
UK-listed shares with greater domestic exposure slid on Wednesday as lawmakers rejected Prime Minister Boris Johnson's proposed Brexit timetable, though losses were contained as fears of a no-deal departure were firmly out of sight.
Precious metals miner Fresnillo Plc <FRES.L> said on Wednesday annual silver and gold production would be at the lower end of an already reduced target range, after reporting a fall in output for the third quarter due to lower ore grades.
Shares of Mexican miner Penoles fell as much as 14% on the Mexican stock exchange Tuesday morning, reaching their weakest level in more than three years, after its Fresnillo subsidiary reported weak earnings.
Precious metals miner Fresnillo <FRES.L> said it would cut capital investments and costs this year after its core profit almost halved in the first six months, sending its shares to a three-year low on Tuesday.
Fresnillo's profit plunged by more than two-thirds in the first half of the year, hit by a drop in production and higher costs, the silver and gold miner said on Tuesday as it cut its capital spending budget for the year.
Oil majors pulled London's main index lower on Wednesday as stock market investors priced in an overnight slide in crude to one-week lows, while miner Fresnillo tumbled on a cut in its annual production forecast.
Miner Fresnillo <FRES.L> cut its output targets for 2019, citing lower-than-expected ore grades and delays in construction at its Herradura gold mine in Mexico after reporting a drop in second-quarter output from a year earlier.
Miner Fresnillo cut its production targets for 2019 on Wednesday, citing lower-than-expected grades of ore grades and delays in construction work at its Herradura gold mine in Mexico as it reported year-on-year falls in second-quarter output.
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.
Fresnillo said on Tuesday that 2019 would be a more challenging year than 2018, warning that a number of industry variables were "working against" the precious metals miner.
Precious metals miner Fresnillo reported a fall in first-quarter production on Thursday, calling it "slightly weaker than anticipated" but sticking to output targets for the year as spending on tackling operational issues paid off.
Precious metals miner Fresnillo Plc shares fell about 11 percent on Tuesday, after it warned of possible lower prices, higher inflation and worsening foreign exchange rates in 2019.
Britain's main stock index fell sharply on Tuesday as Fresnillo shares tumbled after its profit slumped and as sterling gained on reports of a possible delay to Brexit.
Precious metals miner Fresnillo Plc shares fell 6.6 percent on Tuesday, after it warned of a challenging 2019 and posted a 34.7 percent drop in pretax profit.
Precious metals miner Fresnillo Plc <FRES.L> has cut its guidance for silver production this year for a second time, after posting lower-than-expected production for the metal in the third quarter, primarily due to lower than expected ore grades at two of its mines.
Precious metals miner Fresnillo Plc has cut its guidance for silver production this year for a second time, after posting lower-than-expected production for the metal in the third quarter, primarily due to lower than expected ore grades at two of its mines.
Precious metals miner Fresnillo Plc on Wednesday reported a 14 percent rise in first-quarter silver production, boosted by the start of phase II operations at the company's San Julian facility in Mexico.
Precious metals miner Fresnillo Plc on Wednesday reported a 14 percent rise in first-quarter silver production, boosted by the start of operations at the company's San Julian phase II facility.
Fresnillo <FRES.L> missed annual profit expectations and predicted higher costs ahead on Tuesday, sending shares in the precious metals miner down more than 5 percent.
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