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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Sold FRES 10,000 from Friday at 613p - now looking for next trade with FRES

KAZ did well again as well up nearly 11% at one point this morning .

jimmy b - thanks I will look into trading KAZ in relation to copper out of curiosity -

Wait for the next big leg down rekirkham ,iv'e had 3 very good trades with it ,however i do have one lot stuck at 2 quid.

question - just how bad will the chinese trade data be later this week?

jimmy - I shall not rush back in yet - Copper up almost 2% today ??

cynic - I did not know about Chinese data and will find out more

US dollar is down a lot for some reason - not sure how it will effect commodities,
so will have a cup of tea, then I guess I need to look at Bloomberg
or something

a little snip from IG ......

assurance provided by the Chinese authorities over the weekend suggests we may see better days ahead ....... when you hear that power usage, train freight and property markets are showing signs of improvement, domestic traders listen. This comes at a time when the central bank governor Zhou suggested the stock market sell-off was close to an end, while the CSRC (the regulator) also pledged to stabilise the stock market

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however, i believe there's "proper" trade data due to be published this week

I think China Trade Figures will be available at 3.00 AM tomorrow morning, Tuesday,
so will be out when London market opens.
That should be good, as no disturbance for us half way through our day.
I suppose it is forecast to be up or down, and I do not know what difference it makes to our markets.
I hope FRES drops tomorrow morning then I may take a gamble with it ?

personally i hope the figures are not so scary that they send the markets back into tailspin

Sold short FRES at 630p - reason I think gold and silver prices are not strong and may fall back - Hope I am right !

Bought back at 621p - was right about gold and silver

Bought 10,000 at 610p yesterday sold today at 617

Today sold short 10,000 at 615p just bought back at 609.75p

StockMarketWire.com
Fresnillo reports solid third quarter production figures with silver output of 11.04 moz (including Silverstream), in line with last year's 11.18 moz and 11.35 moz in the previous three months.

Year to date silver production of 34.8 moz (including Silverstream) increased 6.6% on the same period of 2014, with start-up of Saucito II and higher ore grade at Ciénega

Quarterly gold production totalled 182 koz, up 16.0% vs. 3Q14 due to an increase in gold recovery at Herradura, increased ore deposited at Noche Buena and a higher volume processed at Saucito.

Year to date gold production totalled 546 koz, up 29.2% on the corresponding period of 2014 mainly due to Herradura being fully operational post the temporary explosives permit suspension which affected 2014 production, and the dynamic leaching plant being fully operational post its start-up in March 2014.

Fresnillo says construction at San Julián continues with stage 1 on track for commissioning in 1H16; detailed engineering works continue at the Pyrites plant.

And it says encouraging exploration results were obtained at San Julián, Guanajuato, Fresnillo South and Juanicipio.

The group says it is on track to achieve its 2015 guidance of 45-47 moz silver (including Silverstream) and 715-730 koz gold.

It also said an accident occurred in early October at the Fresnillo mine resulting in one fatality.

Chief executive Octavio Alvídrez said: "I am pleased to report solid third quarter production figures. We have begun to see the results of the measures we have taken to solve the development delays at Fresnillo, with an improvement in both ore grade and production levels from the previous quarter at the mine. We have also made good progress in moving towards steady state at Herradura, and our San Julián project remains on track for stage 1 commissioning in the first half of next year.

"With this progress, we are on track to meet our 2015 production targets of 45-47 million ounces of silver and 715-730 thousand ounces of gold.

"However, I am saddened to report that one of our contractors suffered a fatal accident at our Fresnillo mine due to a breach of safety protocol. We are committed to a zero fatalities target and will continue strengthening our safety culture throughout the Company."

Talk about share volatility - WOW started today at about 670p, then down to 612 by 9.30 am ( about 8.65% ), then back up to 670p by 3.10pm and now in positive territory - who the hell is messing with these prices ???????
Mind you it is a volatile share and everybody is expecting gold to fall when US interest rates rise, ( except me ) but I think the US rate rise is already in the share price and I will be pleased to get it out of the way now.
Any price over 706p, my latest buy price will please me, as had a very bumpy ride with FRES over the last three or four weeks. Because of China and US interest rates. Next week may also see volatility with FRES , so I must tighten down my seat belt for even more mental torment guess.

News now out - A pipeline was ruptured and it was thought to be more serious than it in fact was - all now OK ande we can again sleep at night - thank god

Watching this very carefully with the price of gold under attack by shorters.

StockMarketWire.com
Fresnillo's full year silver production was at the top end of its guidance range, with 47 moz, a 4.4% increase on 2014.

This was mainly due to higher ore throughput at Saucito, more than offsetting the lower production at Fresnillo

Fourth quarter silver production increased 10.2% vs. 3Q15 due to higher ore grade and ore throughput at Saucito.

Full year gold production of 762 koz exceeded the revised gold production guidance of 715-730 koz, surpassing the 2018 gold production target of 750 koz; this was as a result of the dynamic leaching plant being fully operational following its start-up in March 2014 and Herradura being fully operational post the temporary explosives permit suspension which affected 2014 production.

Quarterly gold production increased 24.5% vs. 4Q14 mainly due to the start-up of the second Merrill Crowe plant at Herradura as well as higher overall average speed of recovery at the leaching pads. Increased volume of gold recovered, higher ore deposited and ore grade at Noche Buena also contributed to increase production.

Chief executive Octavio Alvadrez said: "I am pleased to report full year silver production at the top end of our guidance range, with 47 moz, a 4.4% increase on 2014. This was mainly driven by the ramp-up of Saucito II and a higher ore grade at Cianega, which more than offset lower production at Fresnillo.

"We continue to see the results of the measures we implemented to address the development delays at Fresnillo gradually come through, with grades and production levels increasing for a second consecutive quarter. The mine showed particular signs of improvement in the fourth quarter, and in 2016 I am confident of a turnaround, with a double digit increase in ore milled expected. In gold, production of 762 koz (+27.8%) not only exceeded our revised guidance of 715-730 koz (increased from 670-685 koz in July), but surpassed our long term 2018 target of 750 koz. This resulted from Herradura and its dynamic leaching plant being fully operational for the year, and achieving steady state as processing capacity increased following the installation of a second Merrill Crowe plant at the mine.

"In terms of our development pipeline, San Julian is on track for stage 1 commissioning in the second quarter of 2016 and stage 2 commissioning by year end, whilst detailed engineering works continue at the Pyrites plant. Looking ahead, we are expecting increases in both silver and gold production in 2016, with ranges of 49-51 moz and 775-790 koz respectively."

Incredable -
Good quarterly production report out today -
gold price steady / up a little being 50% in value of turnover,
silver price holding steady other 50% of turnover
Good forward looking production anticipated

Share now back to 2009 price, after touching £20 per share in 2011/12

Some say gold and silver have now bottomed out and over worst

Broker forecast yesterday target over £10 per share

Deutsche Bank today reaffirms its hold investment rating on Fresnillo PLC (LON:FRES) and cut its price target to 560p (from 570p).