Fresnillo Dividends - FRES

Fresnillo Dividends - FRES

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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

Fresnillo FRES Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

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.
desertdan: Silver up FRES Price down! I hope this is not a leak of poor Q3 production figures out next week
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: Another potentially useful update on their website - very technical, but maybe the last slide is positive. 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.
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?
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
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
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
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
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.
le0nard: Full year guidance reduced. Ho hum edit - I know we weren't expecting great news but even so.
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