Fresnillo Share Discussion Threads

[aleman] 21/5/2024 10:15

Dec 2028 silver rose from $35.60 to $36.82 yesterday. In February, it traded between $25 and $26.

Spot has eased from MXN530 to 523, after 537 overnight. (Around 395 through Feb.)

[gisjob2] 21/5/2024 00:18

I don't think possible rate cuts have much to do with the soaring Gold and Silver prices. More to do with the BRICS nations buying huge amounts of physical gold and silver and de-dollarising their economies.

[jaka] 20/5/2024 23:16

THIS IS MONEY

As gold hit a record high while silver soared on hopes of rate cuts in the US and an improving outlook in China, Fresnillo led the FTSE 100.

The largest gold producer in Mexico rallied 4 per cent, or 24.5p, to 639.5p as gold, seen as a safe haven asset to invest in in times of turmoil, surged towards $2,450 per ounce.

It has risen nearly 20 per cent this year, driven by geopolitical tensions in Europe and the Middle East and hopes over interest rate cuts.

Officials on both sides of the Atlantic have signalled that borrowing costs could be lowered in the summer. That has also pushed up silver prices.

Fellow gold and silver miners made gains too, with Centamin up 0.9 per cent, or 1.1p, to 128.1p, Hochschild Mining adding 2.6 per cent, or 4.4p, to 172.4p and Endeavour Mining up 3.3 per cent, or 57p, to 1808p.

[lovegod2] 20/5/2024 10:17

Trader 465 ...agreed.

[aleman] 20/5/2024 08:55

MXN530 - about the average it traded at between 2020 and 2022. Gold motoring at MXN40,562.

[trader465] 20/5/2024 08:53

See you at £30 next year

[lovegod2] 20/5/2024 08:46

£17 now a decent target as this finally lifts off. Very similar to Coeur mining.

[jaka] 20/5/2024 08:40

Current state of the precious metals industry:

Gold: ✅
Copper: ✅
Silver: in progress 📈
Miners: waiting 🥱😌

For those frustrated with the wait, here is a reminder:

Every silver, gold, copper cycle we have witnessed resulted in a major bull market among the miners.

[aleman] 20/5/2024 08:24

Spot up again to MXN527. I'm starting to wonder if we're headed for £10+ and not just £8 to £9.

[maroon bells] 20/5/2024 07:55

Are you referring to the monthly chart and the formation from 2009? Hell this thing is about to blow.

[trader465] 20/5/2024 07:34

$50 silver this year?

[15glenrose] 20/5/2024 07:28

Its been a very painful experience, existence being a fresnellio investor , The sun is shining and payback is coming for us investors.

[ark87] 20/5/2024 06:58

Is this the day/week where we see a pig fly? Chart suggests could shoot up to 1000 very quickly. Silver currently $32+

[ukgeorge] 20/5/2024 06:28

Gold at new all time highs and silver at 32

[chestnuts] 19/5/2024 18:54

Fresnilo

As the biggest pennent i have ever seen which would give a target of 2620

Wow

[kennyp52] 19/5/2024 16:41

Reminder .. half of FRES revenue is gold .. boom . Only a matter of waiting now for FRES to catch up …

[aleman] 19/5/2024 12:48

From World Silver Survey 2024 (Just Google it.)


Year Supply Demand NetInvestment Total

2020 957.4 926.8 331.1 -300.5
2021 1004.3 1099.6 64.9 -160.3
2022 1015.4 1278.9 -125.8 -137.7
2023 1010.7 1195.0 -42.1 -142.2
2024F 1003.8 1219.1 +50.0 -263.3

The 5 years to 2024 sees a cumulative deficit of just over 1000 million ounces. Metal exchange bullion stores fell from 1700m ounces at start 2021 to 1200m ounces end 2023. This year's forecast of a bigger deficit suggests a bigger fall in bullion stores to under 1000m ounces so the excessive buffer of recent years is gone and market tightness and price ascension are expected before long. Some markets are starting to see tightness and futures that FRES will be selling forward into have recently been very strong. The Dec 2026 contract has jumped from $25.50 to $34.70 in the last 3 months after not doing a great deal for a couple of years. How much bullion stores exhaustion/price elevation will it take to bring supply and demand back into balance when there is a chunky 20% difference between them?

[aleman] 19/5/2024 11:56

The global silver deficit is expected to rise by 17% to 215.3 million troy ounces in 2024 due to a 2% growth in demand led by a robust industrial consumption and a 1% fall in total supply, the Silver Institute industry association said on Wednesday.

[jaka] 18/5/2024 13:38

"On the fundamental front, MAG Silver transitioned from development to production with the ramp-up of its Juanicipio project, which achieved nameplate capacity in 2023. The site processed 1.27 million tons of mineralized material in 2023, with a sequential uptick from Q3 to Q4. The joint venture with Fresnillo also produced 16.8 million silver ounces and 36,732 gold ounces during the year."Https://www.tradingview.com/news/barchart:262a01978094b:0-2-strong-buy-silver-stocks-under-20/

[ukgeorge] 18/5/2024 11:16

According to the silver institute (which uses Metals Focus' data) the silver market is in deficit by around 100Moz a year (I've not got the report in front of me, but it is about that much). If this is right, it is a matter of time for above ground stocks to get used up. Then, there should be a sustained rally in prices. This happened to Palladium a few years ago, and prices went up fourfold. Bart Malek did a good interview on this about a month ago on kitco. I think (and hope) these will rally strongly now that we are over £6. Time will tell.

[pete160] 18/5/2024 11:13

From my many years of holding Fres, unfortunately, the management has a long history of disappointing investors with their regular downgrades of production, qualities and quantities. It is only the underlying strength and confidence in the silver price (and, to a certain degree, the gold price too) which supports the share price as we all hold and travel in hope of better days ahead.

[lageraemia] 18/5/2024 09:25

FRES is going to be a bit of victim of history for a while I think which migh act like a bit of an anchor. Last month's quarterly production report was OK, and as soon as we start seeing the higher prices translate into financial result (half year report in 10 weeks?) then we we play catch I suspect.

[saint in exile] 18/5/2024 08:57

The likes of HOC has risen sharply but this one is severely lagging

[15glenrose] 18/5/2024 07:36

what could be so bad behind the scenes? . What I don't understand is this share hit £13 some years back and Silver and Gold where much much lower . I think basically there is not enough interest in this sector and so yes undervalued BIG .

[pictureframe] 18/5/2024 07:29

This is either the bargain of the year or something is very wrong behind the scenes