Fresnillo reports third-quarter production figures
Gold and silver output decreased slightly year-over-year due to lower ore grades. The company maintains its full-year guidance.
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Silver and gold mining company
fresnilloplc.comLast updated
In short: Fresnillo reported lower Q3 gold and silver output but maintained its full-year guidance
Gold and silver output decreased slightly year-over-year due to lower ore grades. The company maintains its full-year guidance.
Revenue rose 74.7% to US$3.38 billion and profit reached US$1.46 billion; silver and gold output declined, while Fresnillo declared a 43.4-cent interim dividend and reported its Probe Gold acquisition.
The company achieved a US$4.6 billion revenue increase alongside the successful acquisition of Probe Gold Inc., while maintaining its commitment to safety and sustainability targets.
Adjusted revenue rose 27.6% to US$4.6 billion with an 80.7% EBITDA increase. The company proposed a record dividend of US$950 million and completed the Probe Gold acquisition.
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