Fresnillo Share Discussion Threads

[the_equaliser] 28/2/2017 07:58

Watching last 20/30 days of silver,
Bit of a run away train

[bookbroker] 28/2/2017 07:51

Average over the year, but then they have seen the volatility in PM prices, natural for them to suggest future forecasts slightly beholden to spot prices!

[the_equaliser] 28/2/2017 07:46

what i am not sure was this based on dec 31 gold / silver prices or current
If dec 31
We have seen in Silver even better increase

Yesterdays flush was for...let see if we get insti aboard or large trades today EOD

[goldenshare888] 28/2/2017 07:42

WOW -

£20 here we come.........

:))))

[the_equaliser] 27/2/2017 17:57

Just going based on higher cost silver and increase in production cannot see down side imo. Gl

[topicel] 27/2/2017 16:22

Well, if not then I for one will be disappointed.

Many times on stellar results the market will mark Fresnillo and other PM miners in high percentages, usually north of 5%.

IMHO we are seeing the move down to around £15 today as otherwise we would blast through into £16 in one go and the MMs don't want that. With luck they won't be able to stop it if the numbers stack up, hence the JPM Caz upgrade in advance.

Either way, the PMs are being supported by the Trump admin, rather than the other way around under Obama, and dollar weakness is also their mantra which is also good for PMs.

Topicel

[ukgeorge] 27/2/2017 16:10

Gold and Silver heading higher Fres heading down :(

Fingers crossed for a special dividend

[topicel] 27/2/2017 13:54

It makes the rise on results seem all the more spectacular I guess, as, like you say, no reason to not expect at least in line with expectations.

Personally, I am looking to hear about a special dividend as Fresnillo has a habit of providing holders a juicy bonus when earnings are great, and based on last year's average production and price achieved the year-on-year profit figure should be a huge beat.

Annoyingly, although it might add impetus to safe haven plays too of course, Trump addresses Congress later Tuesday and we might see a short-lived rally.

As ever, forward guidance should be interesting and I see plenty of value in any PMs during 2017 and the BoD should agree...

Topicel

[the_equaliser] 27/2/2017 10:29

Never understood why day prior to release of results the share price falls then recovers
Based on current RNS
Its going to be good for FRES
:(

[the_equaliser] 27/2/2017 10:05

JP Morgan Cazenove today reaffirms its neutral investment rating on Fresnillo PLC (LON:FRES) and raised its price target to 1650p (from 1600p).

Story provided by StockMarketWire.com

[the_equaliser] 27/2/2017 08:49

FRom last update shows silver and gold production up
with higher pricss and and increase in production
cannot see anything negative just good

Fresnillo achieved record production in 2016, having produced 50.3 moz of silver and 935.5 koz of gold.

Silver production - including Silverstream - was up 7.1% vs. 2015, in line with guidance and 4Q16 silver production of 13.3 moz - including Silverstream - was up 9.5% vs. 4Q15, mainly due to the start up of San Julian phase I.

A higher ore grade at Cienega and an increased contribution from the Silverstream also had a positive impact on production.

Quarterly silver production increased 13.1% vs. 3Q16 due to San Julian (phase I) ramp-up, higher ore processed at Saucito and a higher ore grade and ore processed at Fresnillo.

Record annual gold production of 935.5 koz was up 22.8% vs. 2015 and ahead of guidance, mainly due to reduced gold inventories at Herradura.

Additionally the San Julian (phase I) start-up and an improved overall average speed of recovery at Noche Buena contributed

Quarterly gold production increased 24.2% vs. 4Q15 and 22.0% vs. 3Q16 mainly due to reduced gold inventories at Herradura and the San Julian start up.

For 2017 silver production is expected to be in the range of 58-61 moz including 4 moz from the Silverstream while gold production is expected to be in the range of 870-900 koz, due mainly to the stabilisation of production at Herradura following the reduction in inventories.

[the_equaliser] 27/2/2017 08:45

I see we should be exceeding the dec 2015 results
I see Silver is / was highrer
looking at 17192 to 17543 closest i can see 01/01/2016 to 01/01/2017

[daybreakers] 26/2/2017 23:53

I held on for the prelims.

[bookbroker] 25/2/2017 08:01

That's why I sold, sit on the sidelines and wait for a lower entry again, maybe!

[dt1010] 25/2/2017 07:51

Could be a topping out of silver for now? Divergence between silver and gold and the miners....we will see next week.

[wormhasturned] 24/2/2017 15:14

They should not move with commercial miners, this really is almost a pure PM play, and generally moves on the silver price, but heyho who knows!

[daybreakers] 24/2/2017 14:57

All miners weak today, which explains why hoc,fres down too considering strong PM's

[nrc] 24/2/2017 14:04

Brilliant assessment!! LoL

[mharrison60] 24/2/2017 13:49

Strange weakness. Selling ahead of results?Peso?... ?

[dt1010] 23/2/2017 12:42

Just stay long

[bookbroker] 22/2/2017 09:41

Keep hearing the silver price is going to either take-off upwards after the upcoming options expiry on the basis of there being a massive short squeeze imminent, but heard this so many times it may just as likely head the other way, but the relative strength to the strong dollar, potential rate hikes suggests there is real potential foe. Silver!

[emeraldzebra] 20/2/2017 08:57

ah - looking again - you mention 'the original reaction was the correct one' -my apologies