Miner Fresnillo posts annual profit surge, sets record dividend
March 3 (Reuters) - Mexican precious metals miner Fresnillo FRES.L reported a nearly 81% jump in annual profit on Tuesday, driven by higher precious metals prices, and proposed a record dividend.
The company's final dividend lifted total 2025 payouts to $950 million, or 128.92 cents per share, above its traditional policy of distributing 50% of adjusted profit.
The miner, which is broadening its North American footprint with last year's acquisition of Canada's Probe Gold, said silver production was in line with outlook and that gold output beat expectations. It also reiterated its 2026 forecast.
The company reported earnings before interest, tax, depreciation, and amortization at $2.80 billion for the 12 months ended December 31, 2025, compared with $1.55 billion a year earlier.
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