Fresnillo (FRES)

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Share Price:
874.20p
Market Cap:
£6,442m
Change Today:
19.20p
Sector:
Mining

Fresnillo on track to meet FY targets following improved Q2 silver production levels

By Iain Gilbert

Date: Wednesday 28 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Precious metals miner Fresnillo said on Wednesday that it remains on track to meet full-year targets and that its production guidance for 2021 was unchanged.
Fresnillo stated quarterly attributable silver production came to 14.89m ounces, up 17.9% on the first quarter, driven by higher than expected ore grade at its San Julián asset.

Quarterly attributable gold production of 200,163 ounces was down 12.3% quarter-on-quarter, primarily due to a lower ore grade and volume of ore processed at its dynamic leaching plant at Herradura.

The FTSE 100 added that lead production rose 6.8% to 16,386 tonnes and zinc production increased 7.0% to 27,687 tonnes.

"We remain on track to meet our full-year targets and our production guidance for 2021 is unchanged, though we remain vigilant around the continued evolution of the pandemic and its potential future effect on our operations, in particular the implementation of any future new work restrictions," said chief executive Octavio Alvídrez.

As of 0825 BST, Fresnillo shares were up 2.55% at 773.20p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Fresnillo Market Data

Currency UK Pounds
Price 874.20p
Change Today 19.20p
52 Week High 1,310.00p
52 Week Low 745.20p
Volume 150,793
Shares Issued 736.89m
Market Cap £6,442m

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What The Brokers Say

Strong Buy 5
Buy 0
Neutral 9
Sell 0
Strong Sell 0
Total 14
buy
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