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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Fresnillo on track http://www.moneyam.com/action/news/showArticle?id=5553852

Black Rock go above 5%.

StockMarketWire.com
Fresnillo's silver production - including Silverstream - rose to of 14.5 moz in the second quarter, 11.7% up on a year ago and 7.3% higher than the previous three months.

First half silver production totalled 28.0 moz, up 11.2% on a year ago.

It said this was primarily due to the start of operations at San Julian (phase I), higher ore processed at Fresnillo and higher ore grade at Cienega.

The group said quarterly gold production totalled 223 koz, up 2.7% on a year ago as a result of the contribution of San Julian (phase I).

It said the The turnaround plan at the Fresnillo mine continued to show positive signs as volume of ore processed increased for the fourth consecutive quarter and the group was on track to achieve 2017 production guidance of 58-61 moz silver (including Silverstream) and 870-900 koz gold.

Chief executive Octavio Alvadrez said: "I am pleased to report strong first half production results, with 28 million ounces of silver and over 445 thousand ounces of gold produced across our operating mines and from the Silverstream.

"The increase in silver production was primarily driven by the contribution of San Julian phase I and the higher ore processed at Fresnillo following the measures taken to increase production at the mine.

"Quarterly gold production also benefitted from the operations at San Julian (phase I), more than offsetting the expected lower production at Herradura and Noche Buena, and the lower gold ore grade at Saucito.

"We continue to advance our development projects. I am pleased to announce that the construction of San Julian (phase II) was concluded on time and on budget, and following tests with load in the second quarter, commercial production commenced in mid-July.

"Our short-term focus will be on ramping-up San Julian (phase II) to full capacity within the next two months and operating the Fresnillo mine once again at full capacity by year-end, whilst continuing to develop the infrastructure in order to prepare the mine for the future expansion.

"With this progress, we remain on course to meet our 2017 production guidance of 58-61 million ounces of silver and 870-900 thousand ounces of gold."

Interims http://www.moneyam.com/action/news/showArticle?id=5608809

StockMarketWire.com
Fresnillo has confirmed that all its operations, both mine sites and associated infrastructure in Mexico, were unaffected by the recent earthquake and continued as normal.

The group said there would be no impact on production.

In a statement, the company said it was deeply saddened by the terrible earthquake that struck Mexico on 19 Sep and its thoughts and sympathies were with all of those affected by the tragedy.

Fresnillo said its priority was the safety of its staff.

It said thatg following the earthquake the building of the company's corporate headquarters in Mexico City was assessed by specialists who confirmed there had been no structural damage and the building was declared fully safe to occupy.

All administrative functions were resumed after the assessment.

Third Quarter Production Report http://www.moneyam.com/action/news/showArticle?id=5716546

HSBC today upgrades its investment rating on Fresnillo PLC (LON:FRES) to buy (from hold) and cut its price target to 1570p (from 1760p).

StockMarketWire.com
Fresnillo's silver production (including Silverstream) rose 10.5% to 16 moz in the three months to the end of December compared to the third quarter of last year.

Quarterly silver production increased 10.5% vs. 3Q17, while 4Q17 silver production of 16.0 moz (including Silverstream) was up 20.3% vs. 4Q16.

The miner said that the upbeat quarterly output was driven by the first complete year of San Julian (phase I) operating at full capacity and the start-up of operations at San Julian (phase II)

Year to date silver production (including Silverstream) rose to 58.7 moz, up 16.6% versus year-to-date 2016.

Quarterly gold production of 232 koz decreased 13.4% versus 4Q16 due to a lower reduction of gold inventories at Herradura. While annual gold production of 911.1 koz exceeded guidance but decreased 2.6% versus 2016 due to the expected lower reduction of gold inventories and the anticipated lower ore grade deposited at the leaching pads at Herradura.

The group said the outlook on silver production was unchanged, expected to be in the range of 67 to 70 moz (including the Silverstream). Gold production expected to be in the range of 870-900 koz.

Chief executive Octavio Alvidrez said: 'I am pleased to report that Fresnillo has delivered a strong performance in 2017.'

'Construction of the Pyrites Plant project continued while further progress was achieved at the Dynamic Leaching Plant at Herradura,' Alvidrez said. 'We expect to commission both projects in 2018 and to see them contribute to our 2018 production.'

Citigroup today reaffirms its neutral investment rating on Fresnillo PLC (LON:FRES) and set its price target at 1360p.

StockMarketWire.com
Fresnillo reported pre-tax profit rose 3.2% to $741.5m in 2017, up from $718.2m, supported by record silver production.

Silver production rose 16.6% to 58.7m ounces in the year ended Dec. 31, as the first phase of San Julian silver and gold mine in Mexico operated at full capacity for the first full year.

Gold production for the year was 911,132 ounces, down 2.6% compared to the previous year.

Adjusted revenue was US$2,233.2m, up 9.2% compared to the prior year amid record silver volumes, an increase in zinc volumes sold and higher base metal prices.

Gross profit and EBITDA was US$925.4m and US$1,060.1m, up 4.9% and 2.7% respectively.

Capital expenditures was US$604.8m, up 39.3% compared to the period year, but below guidance, mainly due to lower capex at pyrites plant project and Juanicipio.

Silver production is expected to be in the range of 67m to 70m ounces this year while gold production is expected to be in the range of 870,000 to 900,000 ounces.

The company said it expects capital expenditure this year to be approximately US$755m.

Numis today upgrades its investment rating on Fresnillo PLC (LON:FRES) to add (from hold) and left its price target at 1450p.

Citigroup today reaffirms its neutral investment rating on Fresnillo PLC (LON:FRES) and set its price target at 1395p

StockMarketWire.com
Fresnillo reported increased production across it main products including gold and silver in the first quarter of the year but confirmed the fatality of a contract worker at its Saucito mine.

Quarterly silver production (including Silverstream) increased 14.0% compared to the first quarter of 2017, as San Julian operations reached full capacity offsetting lower production at Saucito.

Compared to the fourth quarter of 2017, silver production decreased 3.7% as a result of both the lower volume of ore processed and ore grade at Saucito and the lower ore grade at San Julian.

The miner confirmed it remained on track to achieve its 2018 silver production target of 67-70 moz.

Quarterly gold production increased 4.1% amid a continued drawdown of inventories and a higher ore grade at Herradura. The miner remained on track to deliver on its 2018 gold production target of 870-900 koz gold.

Lead production increased 1.5%, while Zinc production rose 37.9%.

The firm said the construction of the Pyrites plant in the Fresnillo district remained on track. Both the leaching plant at Saucito and second line of the Dynamic Leaching Plant at Herradura were due to be commissioned in the second quarter of the year.

Morgan Stanley today reaffirms its equal weight investment rating on Fresnillo PLC (LON:FRES) and cut its price target to 1330p (from 1620p).

Barclays Capital today reaffirms its equal weight investment rating on Fresnillo PLC (LON:FRES) and cut its price target to 1200p (from 1330p).

JP Morgan Cazenove today reaffirms its neutral investment rating on Fresnillo PLC (LON:FRES) and cut its price target to 1250p (from 1300p).

First Eagle reduce http://www.moneyam.com/action/news/showArticle?id=6147921

metal stocks moving against the Market in general naturally metal prices are higher today.

840.40 +68.20 or +8.83%

Black Rock adds https://www.moneyam.com/action/news/showArticle?id=6174784

3rd Quarter production report https://www.moneyam.com/action/news/showArticle?id=6179264

JP Morgan Cazenove today reaffirms its neutral investment rating on Fresnillo PLC (LON:FRES) and cut its price target to 1200p (from 1250p).