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Fresnillo First-Half Profit Slumps 44% After Sliver Price Slides

Fresnillo Plc, the world’s biggest primary silver producer, reported a 44 percent drop in first-half profit after the price of the precious metal declined.

Profit fell to $76.4 million from $137.1 million a year earlier, the Mexico City-based company said Tuesday in a statement. Sales rose 11 percent to $752.3 million as silver and gold output increased.