Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Fresnillo Plc LSE:FRES London Ordinary Share GB00B2QPKJ12 ORD USD0.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  14.00 1.3% 1,090.50 1,087.50 1,089.00 1,102.00 1,083.00 1,084.50 884,272 16:35:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 1,598.3 134.8 20.9 53.8 8,036

Fresnillo Share Discussion Threads

Showing 12126 to 12148 of 12575 messages
Chat Pages: Latest  491  490  489  488  487  486  485  484  483  482  481  480  Older
DateSubjectAuthorDiscuss
21/10/2020
12:31
Maybe, today, it has. The ore grades are a good point. Not holding, so it suits me. Anyway, you do know it's going to 3000, don't you? Post 11974 - impeccable source. We have clear evidence of that, and it is more likely to be 4000 or 5000, we are told - one of his aliases said so.
imastu pidgitaswell
21/10/2020
12:27
The grade of ore can impact massively the cost of production. Fres is relying on an unexpectedly high grade of silver to boost its output. That probably means it will deteriorate in future. Not a screaming buy and the market has punished poor results
zicopele
21/10/2020
12:27
Yes - I as referring to them being independent of the metals prices. Other factors, including energy costs and exchange rates, impact operating costs.
imastu pidgitaswell
21/10/2020
12:25
The operating costs are mostly reduced, as they are mostly energy (ie diesel)...
zcaprd7
21/10/2020
12:02
But isn't the profitability of all miners highly dependent on metals prices? The operating costs are broadly the same whatever the price of gold and silver, for any PM miner, so they are all leveraged in this way? For me, production variations such this, with a 10% or so variation in the middle of a global pandemic is a fantastic performance - not a poor one (it was poor pre pandemic when they consistently failed to meet production expectations). FRES are effectively benefitting from shut-down in other PM miners around the world - getting the production out while benefitting from higher prices; the higher prices being caused (partly) by lower supply globally, especially of the finished refined products. Obviously there is the Dollar printing argument re PM prices too, but reduced supply is a factor. So FRES are (broadly) getting all of the benefit of reduced global supply but none of the downside. Which, I reckon, is why their shares have doubled - along with the elimination of cashflow concerns at the start of the year when looking at projected cashflows (at the lower PM prices) versus future capital investment requirements. From here? not so clear cut, as posted ad nauseam. 600p - screaming bargain. 1200-1300p, not so much. As above, I don't think PE multiples on a business that is so highly geared to PM prices is the way to value these businesses; the 'E' is such a variable. Reserves (future production) and exploration successes are more a factor than in 'normal' businesses.
imastu pidgitaswell
21/10/2020
11:24
Well, I bought that recent dip and then sold for a very small gain, anticipating that production would be bad: the website was particularly discouraging. There are plenty of smaller producers out there who pro rata are far more efficient than FRES. It is difficult to justify the market cap where profitability is wholly dependent on the current high metal prices. It seems to be turning its considerable resources into producing assets at a snail's pace and capital needed to reinvest was squandered on dividends. Herredura has hardly shone and will the FRES share of Juanicipio do more than replace the mine closure of Notche Buena? On the same basis, I missed the meteoric rise in July, when the market overlooked the poor production, but I do wonder if it will be so forgiving this time?
charlieeee
21/10/2020
10:57
They're not "all" 200 quid. Remember you made a nice £22 profit on BP?
trader536
21/10/2020
10:35
But not (one of the best performers) since 21st September, oddly. There was a nice dip below 1200 afterwards when I bought a few back and sold them again (for £200 quid profit, obviously, all of my 'trades' are for £200 quid profit, I'm told). Rude not too. But currently not holding any.
imastu pidgitaswell
21/10/2020
10:24
Shut up you tit. How's the CEY / FRES competition looking? You've gone quiet about that recently, post up the figures for comparison I need a laugh
trader536
21/10/2020
09:50
Yeah but it's one of the best performers on my list since the 8th May lol
plat hunter
21/10/2020
09:33
Fres reports lower quantities and lower grades - they seem to copy and paste the same for every update.It's only because the commodity prices, which luckily they have no control over, are bullish that people stick with it.
pete160
21/10/2020
08:41
lol look at the silver price you pillock
trader536
21/10/2020
08:37
Long term production problems not good . Consistently reporting lower grades . Staffing issues . Security problems . Overvalued substantially IMO following this latest poor RNS .
kennyp52
21/10/2020
08:18
Probably not a bad dip to buy some more. Precious metals and cryptos look on the verge of another little shuffle? Unless there's no stimulus deal etc etc.
diggybee
21/10/2020
07:54
Frank Prenesti Sharecast News 21 Oct, 2020 08:26 Fresnillo cuts FY gold production guidance South American miner Fresnillo cut full year gold production guidance due to coronavirus-related disruption and lower ore grades. Silver production guidance for the full year remained in the range of 51m – 56m ounces. Third quarter production fell 2.3% to 13.3m ounces (including Silverstream), driven by a lower ore grade and volume of ore processed at Fresnillo. The company on Wednesday said gold production was now expected to be in a range of 745,000 - 775,000 ounces, down from 785,000 - 815,000 previously forecast, citing a reduced number of workers at its Herradura mine due to Covid-19 preventive measures, lower-than-expected ore grades and restricted access to deeper areas at the Noche Buena mine. Gold production in the quarter fell 6.3% quarter on quarter to 172.7koz due to the lower overall speed of recovery and ore grade at both Herradura and Noche Buena. Quarterly attributable by-product lead and zinc production decreased 6.4% and 1.5% respectively in the third quarter from the second, driven primarily by lower ore grades at Fresnillo, the company said.
maywillow
21/10/2020
06:56
Stupid git - good morning to you my dear friend, all looks good for Fres, 2020 financials will be impressive. Run your winners.
trader536
21/10/2020
06:40
Going forwards would expect pm prices to remain high, but expect the share price to wobble about but remain strong over the oncoming weeks. gla
wisteria2
21/10/2020
06:28
Silver pretty much as expectations (13.3 vs 13.6 expected) and gold somewhat lower (173 vs 200) - but good enough. Forecast for silver held, but gold reduced a little - they still need 205 in Q4 (cf 173 in Q3) to reach the mid-range of the lowered forecasts. I doubt this will make much difference to the share price; it shouldn't. Maybe a little down short term. The market seems to have stopped clobbering them for every thing they get wrong - and in this case they didn't get anything wrong, it's just the operating environment is different. They have done very very well to manage production (and have no closures...), and manage the political as well as the health issues they way the have since the pandemic started.
imastu pidgitaswell
21/10/2020
06:24
Yes those daily indicators are reliable 👌
trader536
21/10/2020
06:18
And silver futures up 1.5% currently
bogotatrader
21/10/2020
06:10
Down slightly but no major surprises in there...... “ TOTAL PRODUCTION HIGHLIGHTS Silver -- Quarterly attributable silver production of 13.3 moz (including Silverstream), down 2.3% vs. 2Q20 driven by a lower ore grade and volume of ore processed at Fresnillo, mitigated by a higher ore grade at San Julián Disseminated Ore Body (DOB) and development ore from Juanicipio being processed for the first time. -- Quarterly attributable silver production (including Silverstream) remained flat vs. 3Q19 due to the higher ore grade at San Julián (DOB) and development ore from Juanicipio being processed for the first time, offset by the lower volume of ore processed at Fresnillo. -- Year-to-date attributable silver production of 40.1 moz (including Silverstream), down 1.8% vs. YTD19 due to the expected lower ore grade at Saucito, and to a lesser extent, a decrease in volume of ore processed and lower ore grade at San Julián Veins and a lower contribution from the Silverstream, mitigated by the higher ore grade at San Juli á n DOB and development ore from Juanicipio being processed for the first time. Gold -- Quarterly attributable gold production of 172.7 koz, down 6.3% vs. 2Q20, due to the lower overall speed of recovery and ore grade at both Herradura and Noche Buena. This resulted from the lower volumes of ore deposited in 2Q20 following the COVID-19 operational restrictions, which affected the recovery cycle at the leaching pads. -- Quarterly and year-to-date attributable gold production decreased 17.7% and 13.7% vs. 3Q19 and YTD19 respectively due to a lower volume of ore processed at Herradura and Noche Buena as a result of COVID-19 related restrictions, as described in the previous quarter”
trader536
20/10/2020
21:52
Shut up you pillock, the only thing that needs to be hit very hard is you. Silver is currently up a whopping 52% on 2019 average ($16.10), which, is far more than enough to make up for any blip in production! There's also a rumour that gold is up 35% on 2019 average too, you may want to get your calculator out before posting statements that make you look more stupid than my dog.
trader536
20/10/2020
20:56
Any blip in the production and FRES will get hit very , very hard in my opinion .
kennyp52
Chat Pages: Latest  491  490  489  488  487  486  485  484  483  482  481  480  Older
ADVFN Advertorial
Your Recent History
LSE
FRES
Fresnillo
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210121 03:14:55