Floated in may '08 at a share price of 525p. Shares in issue Dec '08 717,160,000.
Based in Mexico & listed on the LSE FTSE 250 index. (FTSE100 March '09)
Miner of Gold, silver, Zinc & Lead in Mexico
Produces approx 3m Oz silver, 280k Oz gold, 20k tons Zinc, 17k tons lead p.a.(2008)
Fresnillo has three producing mines, all of them in Mexico - Fresnillo, Ci�nega and Herradura; two advanced development projects - Fresnillo II, Soledad & Dipolos; and three exploration prospects - San Juan, San Julian, Orysivo, as well as a number of other long term exploration prospects and, in total, has mining concessions covering approximately 1.3 million hectares in Mexico.
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FRES

As per remarks on the chart......

Starting to tuck more of these away.

Yes, it's a bit of a long term investment and am still trying to get my head around the likely direction of the price of silver. I assume that once QE starts and interest rates start to climb then gold will drift off, but no idea about silver. Tempted to do likewise and buy for the long term.

http://www.kitco.com/LFgif/ag0365nys.gif

I've also topped on on silver ETF this week. With the volume of industrial/commercial uses and supply dropping, there could be a lot of upside. But then I tend to think gold is going to continue rising long term.

StockMarketWire.com
Fresnillo has signed a binding agreement to acquire Newmont Mining's 44% interest in the Penmont joint venture for a total cash consideration of US$450m.

This comprises the Herradura, Noche Buena and Soledad Dipolos mines, the Mega Centauro and Centauro Deep advanced exploration projects and a number of key exploration prospects.

Fresnillo currently holds a 56% interest in the JV.

The acquisition is conditional on Fresnillo shareholder approval.

Chief executive Octavio Alvídrez said:"The acquisition of the Penmont assets from our JV partner Newmont would see Fresnillo assume control of a quality portfolio of assets which would significantly enhance our gold production and be central to our growth.

"Acquiring full control of the Penmont assets would enable us to both maximise the value of current producing mines which we have extensive experience in operating, and unlock further long-term value from Herradura as a highly prospective region where we have a strong track record of exploration success. We are excited by the exploration potential that it represents, with three of our key exploration projects in the Herradura Corridor, and a variety of additional targets already being drilled.

"Acquiring full control of the Herradura and Noche Buena mines and the key exploration assets in the JV should enable us, with our current operatio

From Interactive Investor

FRES Fresnillo.On the verge of a breakout into a bullish resistance wall which could see the SP hit 980p pretty quickly, EMA golden x on chart aswel.

Depends on wether silver and gold to a lesser extent can maintain there present levels and not fall through support.

FRES Fresnillo from John Burford iii 12/01/2015

Update - Fresnillo

I featured this very interesting share on 8 December with this chart updated on 29 December:

I show a lovely textbook five down to sub-700p and then a large wedge (see text, pp 33-38, 71-80, 152) in formation. This had all the appearance of a basing operation. I reckoned that if the market could break above the upper green line that would set the seal for a vigorous rally.
Another factor in support of my bullish forecast was the extremely bearish market sentiment towards gold/silver. Most pundits expect the PMs to decline with a commonly-held target for gold to sub-$1,000. I had the exact opposite view.
Now, just last week, the market broke up with gold out of the wedge on strength:

This now sets up my probable Elliott wave roadmap. If my labels are correct, we are in a third wave up - and these are generally long and strong. My first target is just above at the 850 area (the Fibonacci 50% level), but much higher targets beckon.
Another charting target based on the wedge thickness at the left hand edge is the 900 area.

As I wrote in December, this share holds great potential for appreciation over the next few months.

Now what gf? Down 5%. Will it retry the DMA or more downside?
My simplistic chart seems to indicate more downside to come (RSI & MACD)

Think he got a wedgy harry........ so much for charting.,.

post 124 refers back to "research" done in early december, so it was all rather misleading and out of date

It came from iii on monday.

And your wrong READ the article..........

"I featured this very interesting share on 8 December with this chart updated on 29 December:"

All the mining sector is down today......and a lot more than this % wise.

SILVER hasnt fallen through support..........Bet still on.

the primary target was 850 which was not greatly above yesterday's level
anyway, it's not one for me

You still have read it wrong. Look at the chart from the 29th and exclude today........

do you get it now?.

Silver is a fair way from the floor.

1 day doesnt make a winter.

Your right about the mining sector GF, KAZ has taken a big hit...... another mistake.,.

Yup KAZ down nearly 20 % bit steep don't you think .

VED also down badly.

20% in a day...... jeez.

These markets this january are so volatile .

Last year we had a brill January from my trading diary bar the first week when the big boys were back from xmas and new year break, window dressing.

Bet it will change when Draggy announces QE for EC on 23rd?

sticks - i don't argue you with you on these things, but at the moment, the stock indices are an easier way of making money, for the very reason that everything is so volatile