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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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(

If only I had bought some in May! ;o)

Talk about contrarian - I bet GF is glad he is out of his short!

StockMarketWire.com
Mining giant Fresnillo trimmed its silver production target for the year as output slipped in the third quarter.

Year to date attributable silver production decreased 0.3% and quarterly production decreased 5.8% year-on-year due as the group moved to reinforce safety conditions. It expects to return to normal operations by the end of October.

The group is lowering its guidance for 2011 silver production from 44 to 41 million ounces accordingly.

However, the group is also revising its total gold production upwards from 400 thousand ounces to 430 thousand ounces for the full year due to ongoing ramp-up at its Saucito and Soledad-Dipolos projects.

Construction of Noche Buena gold project remains on schedule to start-up in the first half of next year.

StockMarketWire.com
Fresnillo's attributable gold production rose to 448,866 ounces in 2011 - 22% up on the previous year and exceeding its target of 430,000 oz.

Fresnillo said this was mainly due to better than expected volume ramp-up and recovery rates at Soledad-Dipolos and increased ore processed at Herradura.

Quarterly attributable silver production of 10.3m oz and annual silver production of 41.9m oz was ahead of the 41m oz guidance, but remained at similar levels to 2010.

It said the start-up of its Saucito mine was offset by lower than expected silver ore grade at its Fresnillo mine.

Stan - well done if you bought these in December!

I did thanks.. but sold only 2 days later for a quickie profit. I was going away on holiday so didn't want to be in to much over the break.

StockMarketWire.com
Fresnillo revenues rose 56% to $$2,307.5m in 2011 after record attributable gold production of 448.9 koz.

This was due to ramp-up at Soledad-Dipolos and higher throughput at Herradura.

Silver production was stable at 41.87Moz (including Silverstream) and benefited from the start-up of Saucito.

Earnings before interest, tax, depreciation and amortisation rose by 62.8% to $1,538.5m and profits before interest and tax were up 39% at $1,038.6m.

Chief executive Jaime Lomelín said: "We delivered exceptional financial performance in 2011 on the back of strong precious metal prices and record gold production. EBITDA was up 63% to $1.5bn with EBITDA margin for the year increasing to over 70% and EPS up 36% despite cost pressures.

"We are delighted to declare a final dividend of 40 US cents per share bringing our total dividend for the year to 103 US cents per share.

"We also made significant progress towards our long-term goals, with development projects on track, significant expansion of the resource base, and a robust pipeline of growth projects.

"We are now a significant gold producer in our own right and have increased our 2018 target to produce 500,000 ounces per year.

"However, we are disappointed with our safety performance as 2011 saw a reversal of our strong track record.

"A comprehensive review of our safety and health programme was undertaken, and we will continue to implement rigorous initiatives to achieve our zero fatality target.

"For 2012, the economic outlook may be uncertain, but our commitment to continuous investment in exploration, productivity improvements, bringing a new mine or expansion on line every year for the next five years, cost controls and the enhanced safety culture remains unchanged, supporting long-term value creation for all stakeholders."

StockMarketWire.com
Mexican gold and silver miner Fresnillo said quarterly attributable gold production was above expectations in Q1 with an increase of 26.3% to 121,792 ounces.

Noche Buena commenced its first commercial gold production within time and budget in March.

Quarterly attributable silver production was 9.8 million ounces, including the Silverstream, on target with a small decrease of 2.9% when compared with 1Q 2011.

Construction of the dynamic leaching plant at Herradura remains on track to become operational in 2013.

Good progress of exploration programme and development workings at San Julián, Orisyvo and Centauro Deep.

Entered into an association agreement with Canadian listed miner, Orex Minerals to explore and develop as one large project each company's adjacent mineral concessions in Coneto, Durango.

Jaime Lomelín, CEO, said: 'The strong operational performance that Fresnillo enjoyed in 2011 has continued into 2012. We have delivered another strong quarter of production with gold beating our expectations, up more than 26%, and silver production in line. As operators, we continually manage and adjust our operations to ensure our production profile is optimised to extract the maximum value from our portfolio. In the case of our gold production, we optimised our mine plan in order to take advantage of the high gold prices.

'The highlight of the quarter has been the completion and commissioning of our new gold mine at Noche Buena in the Herradura district. We are particularly pleased that this was accomplished on time and within budget. Commercial production began in March and the mine will produce around 42,000 attributable ounces of gold per year once it reaches its full capacity which we expect to occur by the end of this year. This will significantly increase the proportion of gold production within our portfolio. We believe this is another strong example of the company delivering on its growth ambitions and represents a step forward to consolidate Fresnillo's position as a significant gold producer in its own right.