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Last 596.00 GBp
Change Today -26.00 / -4.18%
Volume 1.4M
FRES On Other Exchanges
Symbol
Exchange
London
Mexico
OTC US
Frankfurt
As of 11:35 AM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

fresnillo plc (FRES) Snapshot

Open
621.00 GBp
Previous Close
622.00 GBp
Day High
625.50 GBp
Day Low
594.50 GBp
52 Week High
01/21/15 - 939.50 GBp
52 Week Low
08/26/15 - 593.00 GBp
Market Cap
4.4B
Average Volume 10 Days
2.0M
EPS TTM
0.07 GBp
Shares Outstanding
736.9M
EX-Date
08/13/15
P/E TM
121.2x
Dividend
0.05 GBp
Dividend Yield
0.50%
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.

3,461 Employees
Last Reported Date: 08/4/15

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

Orex Minerals Inc. and Fresnillo plc Completes Phase-IV Exploration Diamond Drilling Program

Orex Minerals Inc. in conjunction with their project partner Fresnillo PLC have completed a Phase-IV exploration diamond drilling program, consisting of 4,656 metres in 11 holes on the Coneto Gold-Silver Project in Durango, Mexico. The program was designed to test multiple structures in approximately 100 to 200 metres step-outs. Highlights include mineralized intercepts in Loma Verde, Durazno, Durazno Alta, La Bufa Alta, Santo Niño, and Promontorio. On Loma Verde, two holes were drilled 150 metres north of the northernmost previous drilling and have extended the zone. The deeper of the two holes, BCO-66, intersected 4.85 metres (true thickness 3.45 m) grading Au 3.22 g/t and Ag 238.4 g/t for a silver-equivalent of 431.6 g/t, or a gold-equivalent of 7.19 g/t. In the Durazno-Impulsora area, the interpretation is that the Durazno Zone has been down-drop faulted with respect to the Impulsora Zone. To test this, a deep hole was drilled to intersect Durazno 370 metres below surface. Hole BCO-68 first intersected a hanging-wall vein, Durazno Alta, for 1.05 metres (true thickness 0.86 m) grading Au 34.50 g/t and Ag 29.7 g/t for a silver-equivalent of 2,099.7 g/t, or a gold-equivalent of 35.00 g/t. The main Durazno structure yielded a 8.34 metres (true thickness 6.92 m) grading Au 1.71 g/t and Ag 2.9 g/t for a silver-equivalent of 105.4 g/t, or a gold-equivalent of 1.76 g/t. Within this intercept is 1.45 metres (true thickness 1.19 m) grading Au 5.03 g/t and Ag 6.3 g/t for a silver-equivalent of 308.3 g/t, or a gold-equivalent of 5.14 g/t. In the Bufa-Santo Niño area, sub-parallel north striking, steeply dipping veins are present. Hole BCO-62 yielded a deep Santo Niño intercept of 2.65 metres (true thickness 2.17 m) grading Au 1.08 g/t and Ag 137.9 g/t for a silver-equivalent of 202.7 g/t, or a gold-equivalent of 3.38 g/t. Hole BCO-63 yielded a La Bufa Alta intercept of 2.70 metres (true thickness 1.74 m) grading Au 0.95 g/t and Ag 200.9 g/t for a silver-equivalent of 257.7 g/t, or a gold-equivalent of 4.29 g/t. In the Promontorio area, a broad zone of quartz-hematite stockwork veinlets is present. Hole BCO-72 was drilled to intercept Promontorio 250 metres below surface and 120 metres below previously reported BCO-60. Hole BCO-72 yielded an intercept of 19.00 metres (true thickness 15.56 m) grading Au 0.77 g/t and Ag 10.1 g/t for a silver-equivalent of 56.4 g/t, or a gold-equivalent of 0.94 g/t. Within this intercept is 5.55 metres (true thickness 4.55 m) grading Au 2.00 g/t and Ag 27.4 g/t for a silver-equivalent of 144.7 g/t, or a gold-equivalent of 2.41 g/t.

Fresnillo Reports Consolidated Earnings Result for the Six Months Ended June 30, 2015

Fresnillo PLC reported consolidated earnings result for the six months ended June 30, 2015. For the period, the company reported profit for the period from continuing operations was USD 76.368 million against USD 137.083 million a year ago. Basic and diluted earnings per ordinary share from continuing operations were USD 0.104 against USD 0.177 a year ago. Net cash from operating activities was USD 263.415 million against USD 154.660 million a year ago. Purchase of property, plant and equipment was USD 229.125 million against USD 211.956 million a year ago. Adjusted revenue was USD 822.4 million against USD 750.4 million a year ago. EBITDA was USD 317.9 million against USD 324.5 million a year ago. EBITDA decreased by 2.0% over the first half of 2014 as a result of the lower gross profit and increased administrative and exploration expenses, mitigated by higher depreciation, which is added back. Profit from continuing operations before income tax decreased by 34.6% from USD 208.2 million to USD 136.1 million in the first half of 2015. Net profit attributable to equity shareholders of the company for the period was USD 76.4 million, a 44.3% decrease when compared to the first half 2014. Capital expenditures totaled USD 229.1 million, an increase of 8.1% over the first half of 2014.

Fresnillo Seeks Acquisitions

Fresnillo PLC (LSE:FRES) is seeking acquisitions. David Giles, Fresnillo's Vice President, Exploration, said "We're also looking for - in the submittals, we're looking for possibilities of acquiring and consolidating early-stage projects around our districts where we're working, both in Mexico and Peru."

 

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Industry Analysis

FRES

Industry Average

Valuation FRES Industry Range
Price/Earnings 100.0x
Price/Sales 4.7x
Price/Book 3.0x
Price/Cash Flow 127.6x
TEV/Sales 4.7x
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