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Last $164.90 MXN
Change Today 0.00 / 0.00%
Volume 0.0
FRES* On Other Exchanges
Symbol
Exchange
London
Mexico
OTC US
Frankfurt
As of 4:09 PM 07/23/15 All times are local (Market data is delayed by at least 15 minutes).

fresnillo plc (FRES*) Snapshot

Open
$164.90
Previous Close
$164.90
Day High
$164.90
Day Low
$164.90
52 Week High
05/21/15 - $242.56
52 Week Low
07/17/15 - $164.30
Market Cap
121.5B
Average Volume 10 Days
91.0
EPS TTM
--
Shares Outstanding
736.9M
EX-Date
04/30/15
P/E TM
--
Dividend
$0.03
Dividend Yield
0.75%
Current Stock Chart for FRESNILLO PLC (FRES*)

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fresnillo plc (FRES*) Details

Fresnillo plc explores, develops, and produces silver and gold resources primarily in Mexico. It company primarily has six operating mines, including Fresnillo, Saucito, Ciénega, Herradura, Soledad, and Noche Buena; two development projects comprising San Julián and Pyrites Plant; and four advanced exploration prospects, such as Centauro Deep, Juanicipio, Orisyvo, and Las Casas Rosario. Fresnillo plc has mining concessions covering approximately 2.1 million hectares. It also produces lead and zinc concentrates; and leases mining equipment. The company is headquartered in Mexico City, Mexico. Fresnillo plc is a subsidiary of Industrias Peñoles S.A.B. de C.V.

fresnillo plc (FRES*) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: $1.0M
Compensation as of Fiscal Year 2014.

fresnillo plc (FRES*) Key Developments

Fresnillo PLC Announces Production Results for the Second Quarter and First Half Ended June 30, 2015; Revises Production Guidance for the Full Year 2015

Fresnillo PLC announced production results for the second quarter and first half ended June 30, 2015. For the quarter, silver production was 11.3 moz (including Silverstream), up 2.7% from the second quarter of 2014. The gold production was 182 koz, up 16.8% from the second quarter of 2014 due to higher volumes of gold recovered which resulted from an increase in irrigation areas at Herradura and Noche Buena, increased ore deposited at Noche Buena and increased ore volume processed at Saucito. For the first half, the silver production was 23.8 moz (including Silverstream), up 10.6% from the first half of 2014, due to the increased production resulting from the start of operations at Saucito II offsetting lower production at Fresnillo. The gold production was 364 koz, up 37.0% from the first half of 2014 mainly due to Herradura being fully operational post the temporary explosives permit suspension which affected the first half of 2014 production, and the dynamic leaching plant at the mine being in operation for the full half post its start-up in March 2014, together with an increased contribution from Saucito and Noche Buena. For the full year 2015, gold production guidance is raised to 715-730 koz from 670 koz to 685 koz and full year silver production remains on track at 45 moz to 47 moz, including Silverstream.

Fresnillo Shows $2 Billion Investment Plans

Fresnillo will spend about $2 billion on new Mexican projects over the coming 4 years. The investment in eight projects is likely to lift production beyond the company's aim of producing 65 Moz/y silver and 750,000 oz/y gold by 2018. The mining company is currently constructing the $515 million San Julián project in Chihuahua, which will produce 10.3 Moz/y silver and 44,000 oz/y gold at full capacity, with initial output on track by year-end. Also in the development stage is the $155 million pyrites plant in Fresnillo district, Zacatecas state, which will produce 3.5 Moz/y silver. Fresnillo is also planning two mine expansions, due for completion in 2017. The expansion at the Ciénega mine will increase throughput to 5,000 t/d from 3,500 t/d at a cost of $55 million, with the Fresnillo mine expansion taking throughput to 10,000 t/d from 8,000 t/d at a cost of $100 million.

Fresnillo plc Declares Final Dividend, Payable on May 22, 2015

The directors of Fresnillo plc have determined that the exchange rate to be applied to the final dividend is 1.5193 USD/GBP. The sterling equivalent of the final dividend of 3.0 US cents per share announced on March 4, 2014 will be 1.9746 pence per share. The final dividend will be paid on May 22, 2015 to shareholders on the register on May 1, 2015.

 

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Industry Analysis

FRES*

Industry Average

Valuation FRES* Industry Range
Price/Earnings 68.6x
Price/Sales 5.3x
Price/Book 3.3x
Price/Cash Flow 68.6x
TEV/Sales 5.3x
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