Fresnillo: An Investment For The Long Term
Bob Kirtley | Nov 01, 2012 02:29AM ET
Fresnillo PLC (FRES.L) (FNLPF.PK) is a Mexican based mining company producing mainly silver and gold. Fresnillo has 7 operational mines, 2 development projects, 5 advanced exploration projects and a number of other long term exploration projects. The company’s name is derived from the Fresnillo mine in the city of the same name. The Fresnillo site is one of the world’s richest silver mines and has been producing as far back as the 16th century. In 2011 the Fresnillo mine accounted for 80% of total silver production and is the company’s flagship asset.
Touted as one of the world’s largest silver miners, many analysts overlook the importance of gold operations to Fresnillo’s bottom line. Silver production vastly exceeds that of gold, but gold’s much higher price means revenue from each metal is close (52% for silver and 44% from gold). The remaining 4% of revenue comes from zinc and lead which are produced as by products (zinc and lead are often found in deposits with silver).
Fresnillo lists on the London Stock Exchange (LSE) as FRES.L, is incorporated in the UK and is a component of the FTSE 100. The company’s debut on the LSE was made at a tumultuous time in 2008 following a successful, profitable and decade’s long track record as a wholly owned subsidiary of www.skoptionstrading.com makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents our views and replicates trades that we are making but nothing more than that. Always consult your registered adviser to assist you with your investments. We accept no liability for any loss arising from the use of the data contained on this letter. Options contain a high level or risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. Past performance is not a guide nor guarantee of future success.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.