Fresnillo Share Discussion Threads

[the_equaliser] 16/3/2017 08:31

Just for your "short" comment ;o)

"We delivered record silver production of 50.3 million ounces, in line with our guidance, reflecting the initial contribution of San Juli�n phase I and higher grades at Fresnillo and Ci�nega.

"Gold production of 935.5 thousand ounces exceeded our revised guidance, mainly as a result of the reduction in inventories at Herradura.

"Our record production, combined with higher metal prices and the devaluation of the Mexican peso during the year allowed us to deliver strong financial results in 2016 and as a result the Board has recommended a final dividend of 21.5 cents per share, equivalent to approximately US$158.4 million.

"At the Fresnillo mine, despite reporting a slight improvement in silver production in 2016, we continued to experience some issues that impacted the delivery of our turnaround plan.

"However, we have implemented additional measures to increase mine preparation and expect a gradual improvement in production in 2017.

"San Julian phase I was commissioned in the third quarter and contributed to our record annual production.

"It is now operating at levels above its designed capacity.

"Despite taking the decision to delay the start-up of San Julian phase II, we are pleased with the progress made during the year and are confident that this second phase will be commissioned in the second quarter of 2017.

"We continued to optimise our operations in 2016; we not only made good progress with our development projects but we also increased our resource base.

"The pyrites plant and second line of the dynamic leaching plant at Herradura advanced largely according to plan, with commissioning of both due in 2018, and our exploration work resulted in an increase of our resource base at our operating mines and at projects where we have identified strong potential.

"Our solid operational performance, together with higher prices, lower costs and the favourable effect of the devaluation of the Mexican peso allowed us to almost double the cash generation from our mines.

[bookbroker] 16/3/2017 08:20

Sell the rise, this co. already flagged lower production this year, Trump does not want to dollar to strengthen any more if his grand plans to reduce corporate taxes come to fruition, ultimately this will destroy US exports!

[the_equaliser] 16/3/2017 08:07

Gold 1,225.45 +24.75 +2.06%
Silver 17.473 +0.550 +3.25%

[the_equaliser] 16/3/2017 07:37

"The_Equaliser
9 Mar '17 - 19:56 - 4445 of 4468 0 0 Edit
I think you will see a rise soon. Just after rate rise. Just like December 😉"

:O)

[goldenshare888] 16/3/2017 07:22

BUY, BUY, BUY - Be right and sit tight!

Trying to trade this BULL is a mugs game in my view, many are getting washed out!

:))))

[dt1010] 16/3/2017 06:09

Hahahaha massive day today here and Hoc and hgm

[the_equaliser] 15/3/2017 19:14

Gold 1,215.50 +12.90 +1.07%
Silver 17.218 +0.295 +1.74%

[the_equaliser] 15/3/2017 18:06

After .25% hike
see PM
Gold 1,211.95 +9.35 +0.78%
Silver 17.127 +0.204 +1.21%

consensus 2 more rise as solid

Markets had this included
PM could be strong for next 1-2 months

[topicel] 14/3/2017 16:29

I must have misread the first one then EQ.

That, I thought, had them dipping below 5% as declared voting rights?

Topicel

[the_equaliser] 14/3/2017 15:04

Blackrock increasing holding. Last 2 rns

[the_equaliser] 14/3/2017 11:17

Gold 1,203.65 +0.55 +0.05%
Silver 17.008 +0.036 +0.21%

possible strength been shown of futures tp pm
again noise is possible 3 hikes but as we said, could change to 2 depending what happens in USA economy if it softens up which could happen

[topicel] 13/3/2017 12:06

Of course, lol. But a ramp supported by impressive financial results future production plans and plenty of macro tailwinds for your primary business model - Precious metals - would be perfectly allowable, n'est pas? ;)

Twenty pounds a share last August was sold into by the Comex short fraudsters and they are no longer able to rely on Obama's keys to the gold and/or silver to continue that fallacy with such compunction.

In fact, it could be that the last hit was largely silver by the banksters because of what is rumoured to be owned by JPM, some 500m ounces that they could hedge against. But they won't like using their own money really and could be expected to let it run long now like they did in 2011 when we last enjoyed weekly debt ceiling news...

Fiscal cliff anyone? Lol. Fifty bucks silver then...

Topicel

[the_equaliser] 13/3/2017 11:35

agreed, took advantage of FOMC / hike meeting,
As Decemmber

i,m gonn chart and say we have broken out
Now heading to £20 a share

Am i ramping
:o)

[topicel] 13/3/2017 10:14

No logic, just games by powerful algo-driven systems that react to artificial manipulation of the paper price on the Comex and LBMA.

Annoying and, if you can read the signs or in the know possibly worth trading out and in to gain some extra shares, but longer term holding is best as one day the smart trade won't be so smart as the share price won't come back as expected.

Shorts closing after the hit in PM prices and Fed speak on rates. Move along now.

Topicel

[the_equaliser] 13/3/2017 10:13

Its a funny old world, rotheram/voting/turkish issue
lols
trump / wiretap / fomc
France / brexit / greece

world is a mess,
What goes up in this scenario
;o)

2-3 hikes is the consensus, that could all change based on e,ployment figures

Where is our regular poster who give brief on what the charts saying
:O)

[tsmith2] 13/3/2017 09:54

Good to see these bounce, don't quite see the logic in the falls

[topicel] 13/3/2017 08:56

It doesn't appear you were wrong. As I have been suggesting, the organised take down ten days ago of silver in a paper attack was timed with all the FOMC speakers and the frenzy about the rate hike to undermine PMs.

The simple truth is the rates can't go much higher, even at a slow trot, because the US debt can't then be serviced and would ruin Trump's hopes to spend on infrastructure to MAGA. They had this one big window of opportunity to hike in March on the very day the debt ceiling limit is brought back into focus - the 15th.

Coincidental, or not, lol, with Dutch elections (the weekend upset in Rotterdam could have been better timed!) and Mrs May wanting to go for early Article 50 signing...

A good day to bury bad news phrase comes to mind. We will watch and see but PM shorts would have run up on this pullback and sensibly should now be closing. Except for those who get caught out.

More generally, each hike, for the same debt servicing reasons, is met with another surge in PMs as you say. The 10-year Treasuries are hitting 2.6% yield and some like Bill Gross feel that is already over cooked, while others mention 3%. Bond vigilantes making a comeback? Inflation, which is why the rates are being hiked slowly and behind the curve anyway, is making a return?

All good for PMs regardless of manipulation in the short term. All we need is for Eurozone crisis and/or Trump to really play hardball when he gets to spend once the debt ceiling returns and gets his weakened dollar he wants.

On vera.

Topicel

[the_equaliser] 13/3/2017 07:44

Top

The futures were recovering
I maybe wrong i think gold/silver ha maybe turned a corner as we getting closer to rate hike ......

[topicel] 10/3/2017 17:06

Sorry EQ but that post has me baffled! Maybe it is the layout?

Are you saying prices for April and May delivery fell on the forecast results of NFP etc?

Sorry for being thick, I was in Meldex after all. Lol.

Topicel

[the_equaliser] 10/3/2017 14:17

13:30 USD Nonfarm Payrolls (Feb) 235K 200K 238K
13:30 USD Unemployment Rate (Feb) 4.7% 4.7% 4.8%
Silver May 17 17.043 17.298 17.100 16.858 +0.007 +0.04% 14:15:20
Gold Apr 17 1,202.65 1,209.40 1,206.15 1,194.50 -0.55 -0.05%

some kinda of coraltion

[dmitribollokov] 10/3/2017 13:45

Big number but gold seems to like it atm