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.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Business Financial Newswire
"Fresnillo started with buy rating at Numis, price target 915p"

Nice comment and analysis! Click HERE

What a fantastic stock this one has been too. Up some 800% in the last year.
Wow. Correction, only 700%!

Business Financial Newswire
"Fresnillo's 56%-owned joint venture Minera Penmont has submitted a binding proposal to acquire Canplats Resources Corporation at C$4.40 per share.

Canplats shareholders would receive C$4.20 in cash and a share in a new exploration company with a notional value of C$0.20.

The proposal by Minera Penmont follows the announcement in November that Canplats had entered into an acquisition agreement with Goldcorp Inc.

Fresnillo said Canplats had disclosed that its board had determined the proposed agreement with Penmont was a "superior proposal".

Goldcorp has a period of five business days expiring on Thursday, 31 December to offer to amend the terms of its agreement.

Newmont Mining holds the other 44% of Minera Penmont. "

Business Financial Newswire
Silver miner Fresnillo said today total revenue was up 18% to $850m in the year ended December 2009, with net attributable profit up 150% to $322m.

The average realised gold price was $988.9 per ounce and silver price $15.3 per ounce in the period.

EBITDA increased by 47% to $497m and earnings per share were 44.9 cents.

The group had net cash at the end of the period of $312m and no bank debt.

Fresnillo reported record attributable silver production of 37.9 million ounces, up 9%, with attributable gold production of 276,584 ounces, up 5%.

CEO, Jaime Lomelin, said: "I am pleased to report a strong set of financial results after a year of significant operational progress. We have achieved record attributable silver production, the completion of development works and the start up of operations at Soledad-Dipolos, advances at the Saucito project, substantial increase in total resources, and mineralisation extended at all exploration prospects. We enter 2010 with a strong cash position and no debt on the balance sheet and on track to achieve our aim of delivering one new mine or mine expansion per year until 2014."

Business Financial Newswire
"Silver miner Fresnillo reported attributable silver production of 9.5 million ounces in the quarter to end-March 2010, up 3% when compared to the first quarter of 2009, excluding the Sabinas Silverstream.

Quarterly attributable gold production increased by 31.5% over the same period last year to a record level of 85,097 ounces.

Soledad-Dipolos commercial production began in January 2010, with 11,226 attributable gold ounces.

The Saucito shaft has successfully started operations which will speed up the mine development.

The company said cost reduction efforts and efficiency initiatives are continuing. "

"Following its meeting on 28 April 2010, the Board of Directors of Fresnillo plc has declared a final dividend of 16.2 US cents per ordinary share in the Company for the year ended 31 December 2009. The final dividend will be paid on 2 June 2010 to shareholders in the register of members on 14 May 2010."

Harrycat
Any news of that takeover ?

Dead in the water I'm afraid:
"Earlier this year Canplats Resources Corp CPQ.V agreed to be acquired by Goldcorp (G.TO) for C$280 million ($272 million) after a bidding war drove Goldcorp's original offer up from C$238 million".


Wed 12/05/2010 - Fresnillo Plc goes Ex-dividend (0.162 USD) .

Rumour of a bid coming for FRES at maybe 12.

StockMarketWire.com
"Fresnillo's silver production hit record levels in the second quarter and the first half of the year to the end of June at 9.6moz and 19.1moz respectively.

And the firm said quarterly attributable gold production achieved a new record at 91,254 ounces - an increase of 33.9% over the corresponding period last year.

It said attributable gold production at Soledad and Dipolos continued ramping-up to 16,298 ounces.

And it said construction of the Saucito development project and the expansion of Ciega's milling capacity were on schedule. "

StockMarketWire.com
Gold and silver miner Fresnillo reported revenue of $605.7m for the half-year to end-June, up 59.9%. Gross profit was $401.5m, up 82.4%, and EPS was up 82.2%.

Interim dividend increases 75.2% to 9.2 cents.

The average realised silver price was $17.93 per oz, up 28.8% and the average realised gold price was $1,171.9 per oz, up 27.4%.

The group reported adjusted Revenue of $636.3m, up 49.4%.

EBITDA was up 92.7% to $392m and EBITDA margins increased to 64.7%.

Cash generated by operations before changes in working capital was $419.9m, up 79.2%.

Fresnillo had first half record attributable silver production of 19.1 million ounces and record attributable gold production of 176,351 ounces, up 32.7%.

The grou said it is on track to achieve full year production targets of 38moz of silver and 340,000oz of gold.

StockMarketWire.com
Fresnillo downgraded to hold from buy at Citigroup, target cut to 1190p; from 1225p.

"Further to the interim announcement of half year results released on 3 August 2010, the directors of Fresnillo plc have determined that the exchange rate to be applied to the 2010 interim dividend is 1.5508US$/GB. The sterling equivalent of the dividend of 9.20 cents per share announced at the time of the interim announcement will be 5.932422 pence per share.

The interim dividend will be paid on 14 September 2010 to shareholders on the
register on 20 August 2010."

StockMarketWire.com
Fresnillo upgraded to neutral from underweight at JP Morgan

StockMarketWire.com
Fresnillo said this morning that silver production of 10.69m oz reached a new record level in the quarter to end-September with gold output up 44.% on last year.

The world's largest primary silver producer and Mexico's second largest gold producer reported quarterly silver production of 10.69m oz reached a new record level (including 0.82m oz of the Silverstream).

There was record quarterly attributable gold production of 91,822 ounces, a 44.4% increase over the corresponding period last year.

Fresnillo said it was on track to achieve 2010 production target of 340,000oz attributable gold and of 41.1moz of silver (including 3.0 m oz of the Silverstream).

Construction of the Saucito development project is on schedule for start up in 1H 2011 and expansion of Ciega's milling capacity is progressing according to schedule.

The miner said cost control measures and efficiency initiatives remain firmly on track.

Sp more than doubled in 12 months. Just a matter now of trying to decide when the gold & silver price has reached it's zenith?

StockMarketWire.com
Mexican precious metals miner Fresnillo reported today that adjusted revenue was up 56.1% to $1.473bn for the full-year 2010. EBITDA was up 90.3% to $945m.

EBITDA margin increased to 67%, from 58.4% in 2009.

Cost controls and efficiency measures enabled Fresnillo to remain in the lowest quartile of the cost curve.

Operating profit was up 94.4% to $833.4m. Profit attributable to equity shareholders, excluding the Silverstream revaluation effects was up 72.3% to $530.8m (post Silverstream revaluation, up 106.6% to $665.5m).

Adjusted EPS was up 72.1% to $0.740 per share, EPS up 106.5% to $0.927 per share.

A final dividend of 35.6 US cents per ordinary share wll be paid.

Fresnillo said it has a robust balance sheet with no debt and a strong cash position up 79.2% to $559.5m.

The year saw record attributable silver production of 38.6 million ounces, up 1.7%, and record attributable gold production of 368,995 ounces, up 33.4%.

Discovery of new ore shoot at Saucito, added over 76 million ounces of silver and 300,000 ounces of gold to resources.

Fresnillo said it is on track to produce 65 million ounces of silver and over 400,000 ounces of gold annually by 2018.

Production Report for the three months ended 31 March 2011

Overview
Record gold production for a 1st quarter, up 13.3% to 96,407 ounces compared to 1Q 2010.

Quarterly attributable silver production of 10.1 million ounces, including the Silverstream, decreased by 2.2% when compared to 1Q 2010.

Saucito commissioned on 21st February with first commercial production on 1st April.

Soledad-Dipolos expansion to produce 130,000 total gold ounces per year concluded over the quarter

The sinking of the San Carlos shaft at the Fresnillo mine is expected to be concluded by 2H 2011.

The expansion of Ciega's milling capacity from 755,000 to 930,000 tonnes per year will be concluded in 2Q 2011 and the sinking of the shaft to become operational in 2H 2011.

If only I had held on to my original investment from 2009 at 700p!!! :o(