Fresnillo (FRES) Share Price

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Stock Name	Stock Symbol	Market	Stock Type	Stock ISIN	Stock Description
Fresnillo Plc	FRES	London	Ordinary Share	GB00B2QPKJ12	ORD USD0.50

	Price Change	Price Change %	Stock Price	High Price	Low Price	Open Price	Close Price	Last Trade
	6.80	1.12%	616.40	619.80	600.00	611.40	609.60	16:35:13

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Industry Sector
MINING

Fresnillo FRES Dividends History

Announcement Date	Type	Currency	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
30/07/2019	Interim	USX	2.6	31/12/2018	31/12/2019	08/08/2019	09/08/2019	06/09/2019	0
26/02/2019	Final	USX	16.7	31/12/2017	31/12/2018	25/04/2019	26/04/2019	24/05/2019	27.4
31/07/2018	Interim	USX	10.7	31/12/2017	31/12/2018	09/08/2018	10/08/2018	07/09/2018	0
27/02/2018	Final	USX	29.8	31/12/2016	31/12/2017	26/04/2018	27/04/2018	04/06/2018	40.4
01/08/2017	Interim	USX	10.6	31/12/2016	31/12/2017	10/08/2017	11/08/2017	08/09/2017	0
28/02/2017	Final	USX	21.5	31/12/2015	31/12/2016	27/04/2017	28/04/2017	26/05/2017	30.1
02/08/2016	Interim	USX	8.6	31/12/2015	31/12/2016	11/08/2016	12/08/2016	09/09/2016	0
01/03/2016	Final	USX	3.35	31/12/2014	31/12/2015	21/04/2016	22/04/2016	09/05/2016	5.45
04/08/2015	Interim	USX	2.1	31/12/2014	31/12/2015	13/08/2015	14/08/2015	10/09/2015	0
04/03/2015	Final	USX	3	31/12/2013	31/12/2014	30/04/2015	01/05/2015	22/05/2015	8
06/08/2014	Interim	USX	5	31/12/2013	31/12/2014	13/08/2014	15/08/2014	11/09/2014	0
05/03/2014	Special	USX	6.8	31/12/2012	31/12/2013	30/04/2014	02/05/2014	22/05/2014	34.09
24/10/2013	Special	USX	22.39	31/12/2012	31/12/2013	30/10/2013	01/11/2013	11/11/2013	0
06/08/2013	Interim	USX	4.9	31/12/2012	31/12/2013	14/08/2013	16/08/2013	10/09/2013	0
12/03/2013	Final	USX	42.4	31/12/2011	31/12/2012	17/04/2013	19/04/2013	08/05/2013	57.9
31/07/2012	Interim	USX	15.5	31/12/2011	31/12/2012	15/08/2012	17/08/2012	21/08/2012	0
06/03/2012	Final	USX	40	31/12/2010	31/12/2011	25/04/2012	27/04/2012	23/05/2012	102.85
06/12/2011	Interim	USX	41.85	31/12/2010	31/12/2011	14/12/2011	16/12/2011	30/12/2011	0
02/08/2011	Interim	USX	21	31/12/2010	31/12/2011	17/08/2011	19/08/2011	13/09/2011	0
01/03/2011	Final	USX	35.6	31/12/2009	31/12/2010	01/05/2011	03/05/2011	20/05/2011	44.8
03/08/2010	Interim	USX	9.2	31/12/2009	31/12/2010	18/08/2010	20/08/2010	14/09/2010	0
29/04/2010	Final	USX	16.2	31/12/2008	31/12/2009	12/05/2010	14/05/2010	02/06/2010	21.45
28/08/2009	Interim	USX	5.25	30/12/2008	30/06/2009	26/08/2009	28/08/2009	18/09/2009	0
23/02/2009	Final	USX	7.7	31/12/2007	31/12/2008	06/05/2009	08/05/2009	29/05/2009	13.6
19/08/2008	Interim	USX	5.9	30/12/2007	30/06/2008	27/08/2008	29/08/2008	19/09/2008	0

Date	Subject
16/10/2019 10:23	ukgeorge: Rougepierre, not sure what your beef is. I am a holder of fresnillo and hope they go up. A few reasons for the fall in share price imo, missed production targets, the threat of a left wing government in mexico that demands higher taxes in whichever way this may come, the gold hedge that limited the upside. Now is likely a good time to be buying and i will add later in the month. But don't forget that back in 2008 these dropped from £7 to 70p so as much as I pray this does not happen anything can happen. Especially with pm mining companies. Read Full Thread Follow Reply
09/10/2019 16:28	desertdan: Silver up FRES Price down! I hope this is not a leak of poor Q3 production figures out next week Read Full Thread Follow Reply
26/9/2019 15:48	imastu pidgitaswell: Well I'm an unhappy holder, on account of the continual operational balls-ups. And the resulting share price reaction when it should have been flying at these metal prices - which is why I bought so many of them. Couple of updates on their website – the annual Denver gold forum – mostly a repeat of the half year slides: http://www.fresnilloplc.com/media/434588/160919-fres-denver-presentation-2019.pdf Another potentially useful update on their website - very technical, but maybe the last slide is positive. http://www.fresnilloplc.com/media/434589/fresnillo-2019-site-visit-presentation.pdf Only covers two of the mines, but two of the more problematic mines. The forward production forecasts were significantly lower in their most recent results presentation slide 35 (or slide 13 in the Denver gold forum presentation, link above) - compare them with the full year equivalent back in February, slide 42. That may be because they thought it best to put the worst case out there (they were asked this question on their last analyst call, and confirmed it was expected to be the low point for production forecasts), rather than continually disappoint - and then maybe surprise to the upside for a change; but that is likely to be wishful thinking. But my main concern is not so much with the production issues, irritating as they are. It is the level of capex they are committed to, compared with the level of operating cashflow they will be generating over the next 18 months years before Juanicipio comes on stream - not least the current 6 month period, if you look at their full year capex forecasts and subtract the half year they reported. They need to spend that much capital, both to maintain existing production, but also to deliver the new projects over the next 3 years. They therefore need sufficient operating cash generation – H1 2019 was hopelessly inadequate. More positively, the significant increases in gold and silver prices, with temporary recovery in production from the H1 troughs may well rescue the H2 outcome. But it is more a case of crisis aversion than positive progress. They really need to have no more balls-ups for some time to come and for the high metals prices to be maintained. By 2021 when Juanicipio (massive silver and large production gold mine) has a full year of production then there will be some trust rebuilt and by 2023 when Orysivo comes on stream (massive production gold mine) they will be swimming in cash. But they need to get there. Read Full Thread Follow Reply
24/9/2019 22:29	mharrison60: Would appreciate thoughts and corrections on MAG Silver and Juanicipo in relation to FRESNILLO.If I am reading correctly, MAG SILVER is worth $1bn for a 44% stake in Juanicipo. I think FRESNILLO has or did have a stake in MAG SILVER as well.So is Juanicipo appropriately reflected in FRESNILLO share price?Or another way of looking at this is whether the value of FRESNILLO minus Juanicipo fairly reflect the income coming from target production levels and PM prices? Read Full Thread Follow Reply
19/9/2019 17:38	trader365: FRES share price is not down because of production figs, they’re near all time highs ffs! FRES fell because the price of silver fell from $21 to $14 over 3 years! The clowns are selling while the smart are accumulating Read Full Thread Follow Reply
27/8/2019 19:05	hazl: The macro is the important thing here. Production is fairly futile when the silver-price is low. A company have every thing to gain if they wait for a better price . Precious metals now are playing the game and FRES is showing that,in spades, by it's rising share-price. I am keeping a close watch on the shorts to see if they reduce. Their closure will make FRES rise een more quickly if precious metals keep their upward trajectory. There have already been some changes this month. IMO Read Full Thread Follow Reply
31/7/2019 21:24	mharrison60: What do folks think a fair price for a buyout of FRES?I know on this board people have said this is very unlikely but share price could put this in play - some possible scenarios:1. Penoles buys out 30% free float - what would they have to pay considering minority shareholder rights?2. Penoles agrees that Fres accept an offer for whole business (Penoles share price is being badly hit as well)3. Penoles itself is taken over and new owner buys out the Fres free float Read Full Thread Follow Reply
26/7/2019 11:23	trader365: Source - I think you may be due a visit to specsavers. Production is near record highs and forecast to increase next year. "We achieved record annual silver production of 61.8 moz and a very strong gold performance of 923 koz in 2018. Gold production surpassed the expectations we had at the beginning of the year. Despite the year on year increase in silver production, we reported lower silver production than anticipated and were disappointed not to meet our long-term silver target of 65 moz" A few years ago the share price was almost 3x higher on 50% less production, so bags of potential to exceed those S/P highs with 2018/19 production levels and current PM outlook. 2011 when FRES share price hit £21.44... silver production was only 41.8 moz (2018 up 47%) gold 448,866 oz (2018 up 106%) 2012 when FRES share price hit £19.70... silver production was only 40.9 moz and gold 473,034 oz 2016 when FRES share price hit £19.95... Silver production was only 50.3 moz and gold 925,500 oz Read Full Thread Follow Reply
18/7/2019 16:10	dogberry202000: I have my own theory of what happened to FRES today. The institutions know that silver has broken out and is likley to head to $21 soon and perhaps even $26 this year. FRES is one of the only big silver miners they can buy into in size in London. It's one of the biggest silver companies in the world and it's highly liquid. Banks and Hedgies would need something like this. That's why they took the share price down today. It would be impossible to prove but it looks like that. That's the only way they could get as much as they needed on the cheap, by scaring out retail holders. I may be mistaken. We can all be. But I backed by ideas by increasing my holding in FRES over three buying periods with the lowest at £8.08 and the others in the early 830s and 50s by 140%. If I'm right - I will have surfed on the back of those whales. Read Full Thread Follow Reply
17/7/2019 07:13	le0nard: https://uk.advfn.com/stock-market/london/fresnillo-FRES/share-news/Fresnillo-PLC-2Q19-Production-Report/80342092 Full year guidance reduced. Ho hum edit - I know we weren't expecting great news but even so. Read Full Thread Follow Reply

Date

Subject

16/10/2019
10:23

ukgeorge: Rougepierre, not sure what your beef is. I am a holder of fresnillo and hope they go up. A few reasons for the fall in share price imo, missed production targets, the threat of a left wing government in mexico that demands higher taxes in whichever way this may come, the gold hedge that limited the upside. Now is likely a good time to be buying and i will add later in the month. But don't forget that back in 2008 these dropped from £7 to 70p so as much as I pray this does not happen anything can happen. Especially with pm mining companies.

Read Full Thread

09/10/2019
16:28

desertdan: Silver up FRES Price down! I hope this is not a leak of poor Q3 production figures out next week

Read Full Thread

26/9/2019
15:48

imastu pidgitaswell: Well I'm an unhappy holder, on account of the continual operational balls-ups. And the resulting share price reaction when it should have been flying at these metal prices - which is why I bought so many of them. Couple of updates on their website – the annual Denver gold forum – mostly a repeat of the half year slides: http://www.fresnilloplc.com/media/434588/160919-fres-denver-presentation-2019.pdf Another potentially useful update on their website - very technical, but maybe the last slide is positive. http://www.fresnilloplc.com/media/434589/fresnillo-2019-site-visit-presentation.pdf Only covers two of the mines, but two of the more problematic mines. The forward production forecasts were significantly lower in their most recent results presentation slide 35 (or slide 13 in the Denver gold forum presentation, link above) - compare them with the full year equivalent back in February, slide 42. That may be because they thought it best to put the worst case out there (they were asked this question on their last analyst call, and confirmed it was expected to be the low point for production forecasts), rather than continually disappoint - and then maybe surprise to the upside for a change; but that is likely to be wishful thinking. But my main concern is not so much with the production issues, irritating as they are. It is the level of capex they are committed to, compared with the level of operating cashflow they will be generating over the next 18 months years before Juanicipio comes on stream - not least the current 6 month period, if you look at their full year capex forecasts and subtract the half year they reported. They need to spend that much capital, both to maintain existing production, but also to deliver the new projects over the next 3 years. They therefore need sufficient operating cash generation – H1 2019 was hopelessly inadequate. More positively, the significant increases in gold and silver prices, with temporary recovery in production from the H1 troughs may well rescue the H2 outcome. But it is more a case of crisis aversion than positive progress. They really need to have no more balls-ups for some time to come and for the high metals prices to be maintained. By 2021 when Juanicipio (massive silver and large production gold mine) has a full year of production then there will be some trust rebuilt and by 2023 when Orysivo comes on stream (massive production gold mine) they will be swimming in cash. But they need to get there.

Read Full Thread

24/9/2019
22:29