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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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

Good point. Volatility is an indicies mans best freind.

Strange that Shortie is appearing though quite often on other threads.

Just out on Twitter.

TimesBusiness ‏@TimesBusiness 9 minutes ago
Court rules Draghi can push ahead with QE plan @DavidCharter
http://www.thetimes.co.uk/tto/business/economics/article4322906.ece …

The Times of London
View this content on thetimes's website
European Court rules Draghi can push ahead with eurozone QE
By The Times of London @thetimes
A massive programme of bond-buying by the European Central Bank was given the green light this morning, paving the way for it to spend hundreds of billions of euros to fight deflation. Government bond

Nice reversal on the SP. Still down but no where near the mining sector.

In fact right on the break up resistance line.

Nice opportunity for fans to climb aboard.

Moving up nicely, breakout confirmed now.

Part of the Numis note today:
"We revise our recommendations and target prices on the back of our new commodity price forecasts. Our ongoing caution on the mining sector appears well founded as price plunges continue unabated. 2015 looks set for another year of pain as a headwind of weak prices bite into company profits, despite some saving grace from lower oil and other input costs. As we highlighted in our last sector piece, downgrades, cost cuts, dividends and asset revaluations are likely to be atheme through this year as miners struggle to operate in a lower price environment.

On a longer term view, there is value to be had by sticking to quality names and avoiding risk, perceived or otherwise. We continue to recommend a more defensive stance with Acacia, Fresnillo and Petra our picks.

● Growth, Quality & Management. We stick with our defensive criteria; we move Acacia to a pick, replacing a fully-valued Randgold, a quality company which still has to prove its stripes, but has potential for high reward. The share price has been strong and looks overbought at these levels but we see plenty of room to deliver. Alongside Fresnillo and Petra, these all have superior growth profiles to counteract flat to falling commodity prices, high quality assets to weather any downturn and strong management to deliver on business plans. We have no copper pick given price headwinds, limited growth and short term challenges. Berkeley and Highfield are our favoured juniors, with quality projects in excellent jurisdictions and recovering commodities. Many other covered stocks have attractive investment opportunities but in subdued commodities which are struggling to see a positive price response.

Harry excelent broker note, do you subscribe to money ams broker site ?

From tuesday....... just found this on advfn.....

Motley Fool today > With profit having fallen over the last couple of years and its share price being 52% lower than three years ago, it's been a tough period for Fresnillo (LSE: FRES). Still, its shares continue to trade on a very rich multiple of 31 and, looking ahead to its growth forecasts, they seem to be worth it.
That's because Fresnillo is expected to increase its bottom line by 51% in the current year, followed by 34% next year. Part of the reason for this is its ultra-low cost base that, as the largest silver producer in the world, allows it to maintain relatively high levels of production while many of its rivals struggle to turn a profit.
As such, its bottom line looks set to benefit and, with a PEG ratio of just 0.6, investors in the company could benefit from a higher share price moving forward, too.

Nope. I just trawl around for info. I find most info is available without paying for it!

I hold Acacia aswel, but HOC is well worth a look especially the chart.

cheers Harry.

Yesterdays Guardian.......

Randgold and Fresnillo rise as gold and silver benefit from Swiss move

Investors seeks havens as Swiss decision to remove euro peg causes market havok.

The shock move by the Swiss Bank to end the currency peg against the euro has sent the euro tumbling, put markets under pressure and sent investors scurrying for havens for their cash.

So inevitably gold is benefiting, rising 2% to a 12 week high of $1259 an ounce while silver is up from $16.8 to $17.1.

Michael Hewson at CMC Markets said:

The ripple out effect of [the Swiss move] is likely to be hard to quantify, and we could well get a lot more volatility as investors and markets in general try and work out what this sudden change in policy means for future central bank promises going forward, but it seems likely that the US dollar could well benefit, as well as gold, as investors look again at the more traditional havens.

This morning’s moves also highlight how fragile financial markets still are nearly six years after the financial crisis despite trillions of dollars of central bank largesse and the risk is that markets start to lose faith in these new masters of the universe as investors look at central bank promises with large dollops of scepticism.

The gold and silver move has also benefited precious metal miners, with Randgold Resources rising to the top of the FTSE 100, up 215p to £51.65. Mexican miner Fresnillo is close behind, 28p better at 844p.

Overall the FTSE 100 is currently down 39.31 points at 6349.15, having trading in a 172 point range in a volatile morning.

The Swiss stock market, meanwhile, is now down 11% and on course for its worst daily performance on record.

Warming up now.

Great hedge against stocks going down.

Bought HOC on the pull back this morning.

FRES Fresnillo.Looking for 960p-980p on the chart. Resistance incline looks moderate and EMAs catching up with 200EMA

Gold through 1270 resistance level.

This is getting interesting.

Already in profit with HOC.

https://www.bullionvault.com/gold-price-chart.do

Good site that BB, cheers Ill save it to favs.

Been a corker for gold and silver today.