Fresnillo (FRES)

Sector:

Mining

Index:

FTSE 100

729.60p
   
  • Change Today:
    -19.80p
  • 52 Week High: 1,027.50p
  • 52 Week Low: 601.00p
  • Currency: UK Pounds
  • Shares Issued: 736.89m
  • Volume: 2,651,237
  • Market Cap: £5,376m

Fresnillo cuts 2019 production targets

By Frank Prenesti

Date: Wednesday 17 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Fresnillo said it was cutting 2019 production targets, blaming lower-than-expected grades of ore grades and delays in construction work at the Herradura gold mine in Mexico.
"As we have previously guided, we expected 2019 to be challenging and we remain cautious," the miner said.

Gold production was forecast at 880,000-910,000 ounces from an earlier target of 910,000-930,000 ounces. Silver production was cut to 55m - 58m ounces from 58m - 61m.

"Production has continued to recover towards target levels since the first quarter as we begin to see the positive impact of operational measures and investments we have made into infrastructure, equipment and infill drilling, in particular at our Fresnillo and Saucito mines," Fresnillo said.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Fresnillo Market Data

Currency UK Pounds
Share Price 729.60p
Change Today -19.80p
% Change -2.64 %
52 Week High 1,027.50p
52 Week Low 601.00p
Volume 2,651,237
Shares Issued 736.89m
Market Cap £5,376m

Fresnillo Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.27% below the market average69.27% below the market average69.27% below the market average69.27% below the market average69.27% below the market average
94.96% below the sector average94.96% below the sector average94.96% below the sector average94.96% below the sector average94.96% below the sector average
Price Trend
49.73% below the market average49.73% below the market average49.73% below the market average49.73% below the market average49.73% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Income
79.47% below the market average79.47% below the market average79.47% below the market average79.47% below the market average79.47% below the market average
91.67% below the sector average91.67% below the sector average91.67% below the sector average91.67% below the sector average91.67% below the sector average
Growth
28.17% below the market average28.17% below the market average28.17% below the market average28.17% below the market average28.17% below the market average
77.05% below the sector average77.05% below the sector average77.05% below the sector average77.05% below the sector average77.05% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 10
Sell 0
Strong Sell 1
Total 15
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Fresnillo Dividends

  Latest Previous
  Interim Final
Ex-Div 08-Aug-19 25-Apr-19
Paid 06-Sep-19 24-May-19
Amount 2.60¢ 16.70¢

Trades for 13-Sep-2019

Time Volume / Share Price
16:44 100 @ 740.42p
16:44 100 @ 740.42p
16:44 100 @ 747.09p
16:44 100 @ 747.09p
16:38 690 @ 729.60p

Top of Page