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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Fresnillo    FRES   GB00B2QPKJ12

FRESNILLO (FRES)
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Fresnillo : on Track for 2018 Production Targets

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05/30/2018 | 08:42am CEST

By Adam Clark

Silver-and-gold miner Fresnillo PLC (FRES.LN) said on Wednesday that its 2018 production outlook remains unchanged.

Mexico-based Fresnillo said it remains on-track to produce between 67 million and 70 million ounces of silver, and 870,000 to 900,000 ounces of gold.

Fresnillo said it expects to approve the development of its 56%-owned Juanicipio silver mine project, in the Zacatecas state of Mexico, "in the coming months", with a target of beginning production in mid-2020.

Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones

Stocks mentioned in the article
ChangeLast1st jan.
FRESNILLO 0.65% 930.8 Delayed Quote.-35.28%
PLATINUM 0.82% 794.91 Delayed Quote.-15.54%
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Latest news on FRESNILLO
08/14FRESNILLO : Conversion rate for 2018 Interim Dividend
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Financials ($)
Sales 2018 2 331 M
EBIT 2018 850 M
Net income 2018 467 M
Finance 2018 71,2 M
Yield 2018 2,68%
P/E ratio 2018 18,31
P/E ratio 2019 16,54
EV / Sales 2018 3,70x
EV / Sales 2019 3,43x
Capitalization 8 689 M
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 17,9 $
Spread / Average Target 52%
EPS Revisions
Managers
NameTitle
Octavio Alvidrez Cano Chief Executive Officer
Alberto Baillères González Non-Executive Chairman
Roberto Diaz Chief Operating Officer
Mario Arreguín Frade Chief Financial Officer
Jaime Lomelín Guillén Non-Independent Non-Executive Director
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