BUZZ-UK's Fresnillo shines with gold production exceeding forecast
ReutersJan 29, 2025 8:33 AM
Shares of miner Fresnillo FRES.L rise 1.9% to 663.25 pence
FRES posts full-year gold production at 631.6 koz, slightly ahead of guidance of 580 koz to 630 koz
Reports full-year lead production up 14.8%, zinc production up 8.3% vs FY23
Adds, full-year silver production at 56.3 moz, in line with guidance
Improved cost performance and increased metals prices contributed to strong profitability in 2024, says CEO, Octavio Alvídrez
Expects FY gross profit to be within range of $1.2 bln to$1.3 bln, up more than 135%
Stock up ~8.8% in 2024
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