Gold has been on a tear in 2025. It's holding steady around $3,300 an ounce, not far off its all-time highs, driven by geopolitical uncertainty, sticky inflation and renewed trade tensions.
Fresnillo PLC (LSE:FRES) reaffirmed its full-year production guidance as it posted a fall in silver production in the first quarter of 2025 but a rise in gold. The Mexican miner, which is headquartered in London and listed in the FTSE 100, reported attributable silver production, including Silverstream, of 12.4 million ounces for the period, down 9.7% from the previous quarter and 8.4% year-on-year.
Shares in precious metals miners Fresnillo PLC (LSE:FRES) and Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) led the FTSE 100 in early trading on Tuesday, buoyed by a surge in gold prices to an all-time high. Spot gold began to challenge the $3,500 an ounce level during the morning session, driven by investor demand for safe-haven assets amid political tensions in the US.
Fresnillo PLC (LSE:FRES) and Endeavour Mining were among the top FTSE 100 fallers going into the final hour of Thursday trading, with shares down 5% and 3.6% respectively. The declines come as gold prices ease following a sharp rally that has seen the metal gain more than 10% over the past six sessions.
Fresnillo PLC shares headed higher on Friday after the miner was granted an upgrade by Berenberg analysts. Results earlier in March reflected improving financials, both on strong precious metal prices, but also operational stability and better cost control, Berenberg said in a note.
Fresnillo plc (OTCPK:FNLPF) Full Year Preliminary Results 2024 Earnings Conference Call March 4, 2025 4:00 AM ET Company Participants Octavio Alvídrez – Chief Executive Officer Tomás Iturriaga – Chief Operating Officer, Central Region Daniel Diez – Chief Operating Officer, Northern Region Mario Arreguín – Chief Financial Officer Conference Call Participants Dan Major – UBS Jason Fairclough – Bank of America Alain Gabriel – Morgan Stanley Marina Calero – RBC Krishan Agarwal – Citigroup Patrick Jones – JPMorgan Cody Hayden - Berenberg Octavio Alvídrez Good morning everyone. I'm Octavio Alvídrez, CEO of Fresnillo plc.
Fresnillo, a major gold and silver producer listed in London, is under the radar despite strong cash flows and high precious metal prices. The company reported robust 2024 production, with significant gold and silver outputs, and anticipates superior financial performance in H2 due to higher prices. Despite a slight production decrease and higher capex in 2025, Fresnillo's strong balance sheet and stable free cash flow make it an attractive investment.
Here is how Fresnillo PLC (FNLPF) and Flexible Solutions International Inc. (FSI) have performed compared to their sector so far this year.
Here is how Fresnillo PLC (FNLPF) and Alamos Gold (AGI) have performed compared to their sector so far this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Fresnillo (FNLPF) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Fresnillo PLC (LSE:FRES) dropped 6% as the Mexican gold and silver miner warned that Penoles, its partner in the Silverstream agreement, was having production trouble at the Sabinas mine. Sabinas, fully owned by Peñoles, is covered by the Silverstream Agreement entered into by Fresnillo and Peñoles in December 2007.