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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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.

London’s leading gold forecaster: gold to average $1321 in 2015
By Tom Winnifrith | Saturday 17 January 2015

Over the past 15 years Ross Norman of Sharps Pixley has been the forecaster with the best record in the LBMA for predicting gold price moves so you should take his gold price forecasts seriously. Ross writes, "We are going out on a limb this year." Indeed.

AVERAGE : $1321

HIGH : $1450

LOW : $1170

If markets move on what you don't know today, but will know tomorrow then it follows that many factors such as a US interest rate rises should already be factored into the current price... it also begs the question what the new drivers for 2015 will be. We see ongoing declines in economic growth prompting central banks to fight deflation by resorting to inflationary pressures in H2.

If our outlook for gold in dollar terms is bullish, in emerging currencies it may be even more so as investors seek to insure or hedge against currency debasement. As such, we foresee good demand for the physical.

Most annoyingly for bulls in 2014, gold exhibited 'rally fade' despite a global economy that was as fragile as ever. Our forecast is predicated on gold becoming price inelastic (as it was in the early 2000's) and able to sustain the momentum. I say annoyingly because arguably never before have savers potentially so needed an asset with the wealth preservation qualities that gold provides ... yet the price performance these last few years has disappointed.

In short, we see gold demonstrating that it has turned a corner and investor flows return with a vengeance, aided by short covering and fresh longs in the futures markets. Perhaps most disappointingly though we are unlikely to see runaway prices beyond the $1450 level without either significant new product innovations or without the sort of black swan events in the economy that few of us would wish for.

SILVER

AVERAGE : $18.56

HIGH : $21.75

LOW : $14.50

With a firm outlook for gold, it follows that our expectations for silver would be similar ... and a little more so... such is silver's propensity to follow gold in a exaggerated fashion. Investors will take comfort from

silver ETF holdings which have remained firm (unlike gold) coupled with retail sales of the physical coins and bars which have remained robust.

Even mine production looks set for a modest decline back to levels last seen in 1999. With 75% of silver being produced as a by-product of base metals mining, the weaker global economy may well prompt some cut-backs in mining those host metals. Equally, demand from industrial applications will be correspondingly weaker, but investors (... or more likely speculators) are normally on hand to fill the void.

Like gold, silver does seem to struggle to sustain momentum to the upside as it experiences 'rally fade' for this reason we do not see the likelihood of runaway prices just yet.

Gold miners are starting to look good again – but expect a rough ride

By: Dominic Frisby
14/01/2015

http://moneyweek.com/gold-miners-look-good-again-but-expect-a-rough-ride/