Company summary
Fresnillo is one of the world's largest primary silver producers and a significant gold producer. It operates a portfolio of mines and development projects in Mexico and sells precious-metal output into global markets.
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FRES
Fresnillo plc
Mining
- Index
- FTSE 100
- ISIN
- Not specified
- Book status
- 2026 edition — current
Key activities
Silver and gold mining, mineral processing, exploration, mine development and expansion of reserves and resources across Mexican mining districts.
Key markets
Operations are concentrated in Mexico, while silver and gold are sold into global commodity markets and priced internationally.
Key drivers
Silver and gold prices, production volumes, ore grades, recovery rates, mine development, operating costs, exploration success, Mexican peso movements and capital returns.
Key risks
Precious-metal price volatility, lower ore grades, mine disruptions, cost inflation, security and political risk in Mexico, environmental and permitting issues and project delays.
Recent Developments
22 July 2026: second-quarter gold production increased 13.8% from Q1, while first-half silver and gold output remained lower year on year. Fresnillo maintained full-year guidance of 42-46.5m ounces of silver and 500,000-550,000 ounces of gold.
Dividend notes
Dividends are linked to earnings and cash generation. The 2025 final dividend was 108.12 US cents per share, went ex-dividend on 23 April 2026 and was paid on 29 May. The 2026 interim distribution should be checked against the August interim results.
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