Silver is still brushing up against its all-time high, trading at $57.29 an ounce, and the surge has shoved Fresnillo PLC (LSE:FRES) to the top of the FTSE 100, with the miner's shares up 4% to 2,741p. Analysts say the squeeze is tied to rising needs from electric vehicles, AI hardware and solar technology, all of which rely on silver's high conductivity.
Here is how Fresnillo PLC (FNLPF) and Lundin Mining (LUNMF) have performed compared to their sector so far this year.
Here is how Fresnillo PLC (FNLPF) and Perpetua Resources Corp. (PPTA) have performed compared to their sector so far this year.
After losing some value lately, a hammer chart pattern has been formed for Fresnillo (FNLPF), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
Fresnillo plc (OTCPK:FNLPF) M&A Call October 31, 2025 5:00 AM EDT Company Participants Octavio Alvidréz - Chief Executive Officer Mario Arreguín - Chief Financial Officer Conference Call Participants Marina Calero Ródenas - RBC Capital Markets, Research Division Alain Gabriel - Morgan Stanley, Research Division Amos Fletcher - Barclays Bank PLC, Research Division Presentation Operator Hello, and welcome, everyone, to today's call. My name is Becky, and I'll be your operator today.
Fresnillo PLC (LSE:FRES) shares rose in early trading after the miner announced a C$780 million all-cash deal to buy Canada's Probe Gold, marking its first move into the country's mining sector. The London-listed group will pay C$3.65 a share, a 24 % premium to Probe's 30-day average price on the Toronto exchange.
Fresnillo PLC (LSE:FRES) shares rose 5% on Wednesday morning as prices of gold and silver found support after sharp falls the day before. The Mexican precious metals miner, whose shares fell almost 14% yesterday, also reported third-quarter production figures, which were broadly in line with internal forecasts.
Fresnillo (FNLPF) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Fresnillo PLC (LSE:FRES) run may be far from over, according to JP Morgan, which has lifted its price target on the Mexican precious metals group to a Street-high £21 per share, implying around 27% upside from current levels. The bank, which has had an “overweight” rating on the stock for some time, said that even after a 175% rally this year, Fresnillo still offers more to investors, thanks to a powerful mix of stronger production, rising gold prices and the prospect of double-digit cash returns.
Fresnillo plc (OTCPK:FNLPF) Q2 2025 Earnings Conference Call August 5, 2025 3:00 AM ET Company Participants Daniel Diezas - Chief Operating Officer of Northern Region Mario Arreguin - Chief Financial Officer Octavio M. Alvidrez - Chief Executive Officer Tomas Iturriaga-Hidalgo - Chief Operating Officer Conference Call Participants Amos Charles Fletcher - Barclays Bank PLC, Research Division Daniel Edward Major - UBS Investment Bank, Research Division Jason Robert Fairclough - BofA Securities, Research Division Patrick Jones - JPMorgan Chase & Co, Research Division Richard James Hatch - Joh.
Shares in Fresnillo PLC (LSE:FRES) jumped 8% on Tuesday after the precious metals group lifted its gold production forecast for the year, following a strong first half marked by improved profitability and robust free cash flow. For the six months to 30 June, Fresnillo reported a 16% rise in gold output to 314,000 ounces, driven by operational improvements at the Herradura mine.
London-listed Mexican silver miner Fresnillo PLC (LSE:FRES) reported a 30.1% rise in first half revenue, to $1.94 billion for the six months to 30 June. The performance was driven by higher gold and silver prices, and higher gold sale volumes.