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Fresnillo plc

Fresnillo plc
Company nameFresnillo plc
Company typePublic company
IndustryMining
Founded2008
HeadquartersLondon, UK (corporate), Mexico City, Mexico (operational)
Key peopleAlberto Bailleres (Chairman of the board), Jaime Lomelín (CEO)
ProductsPrecious metals
RevenueUS$1,409.6 million (2010)
Operating incomeUS$833.5 million (2010)
Net incomeUS$749.4 million (2010)
Employees1,775 (2010)
ParentIndustrias Peñoles

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Fresnillo plc (Lse - FRES) is a Mexican-based precious metals mining company incorporated in the United Kingdom and headquartered in Mexico City in Polanco, next door to the Palacio de Hierro department store. Fresnillo is the world's largest producer of silver from ore (primary silver) and Mexico's second-largest gold miner. The first Mexican firm to have its primary listing on the LSE, Fresnillo is a constituent of the FTSE 100 Index.

Fresnillo plc Video

Its silver mine may have originally been discovered by the Spanish Conquistadors, but Fresnillo's Mexican expansion plans could prove a golden opportunity for modern day investors.
2.88 min. | 3.66 user rating
CABORCA, Sonora. Tienen 12 cilindros, 1705 caballos de fuerza, seis velocidades, casi 320 toneladas de una carrocería robusta, diseñada para su fácil mantenimiento. Y carga casi 200 toneladas. Este es el Carterpillar 789c, que se usa generalmente en minas a cielo abierto, como La Herradura, de Fresnillo, subsidiaria de Industrias Peñoles. Este bebé es del tamaño de una casa de dos pisos. Tiene siete metros de ancho, seis metros de alto, 12 metros de largo y con la caja levantada llega a una altura de 11 metros. Las llantas miden tres metros y medio de alto. Y muchas de estas enormes máquinas están conducidas por mujeres. Cada una de las cargas que llevan estos camiones a tope de su capacidad, produce un promedio de 160 gramos de oro, pues de cada tonelada de material, se logran extraer apenas punto ocho gramos del metal precioso. La Harreadura, una de las cuatro unidades mineras que hace de Fresnillo la segunda productora de oro en México y la mayor productora de plata a nivel mundial. Este es el día a día a bordo de una de estas enormes máquinas, aquí, en la Mina La Herradura, de Fresnillo, en Caborca, Sonora.
2.60 min. | 0 user rating
Zacatecas, Zac.- Esta entidad federativa sí que ha sabido aprovechar la coyuntura a su favor. Primero, los altos precios internacionales de los metales y luego la deslocalización de inversiones asiáticas por el tsunami que afectó al Japón.
4.37 min. | 0 user rating

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European Stocks Gain as Fed Stimulus Offsets Sovereign Concern - San Francisco Chronicle Tweet this news
San Francisco Chronicle---Fresnillo Plc-, a silver and gold producer, gained 13 percent. Kazakhmys Plc, Kazakhstan's biggest copper producer, increased 14 percent. ... - Date : Sat, 06 Nov 2010 07:02:56 GMT+00:00
Fresnillo Plc Says Its First-Half Ebitda Surges by 93% to $392 Million - Bloomberg Tweet this news
Bloomberg--3 (Bloomberg) -- Jaime Lomelin, chief executive officer at -Fresnillo Plc-, talks about the outlook for silver and gold. The world's third-largest silver ... - Date : Tue, 03 Aug 2010 07:37:00 GMT+00:00
MAG Silver Announces Commencement of Prefeasibility Study on Juanicipio Property - MarketWatch (press release) Tweet this news
MarketWatch (press release)--MAG and -Fresnillo plc- are jointly delineating a significant new silver vein discovery on the Juanicipio Joint Venture in Zacatecas State. ... - Date : Thu, 15 Jul 2010 13:11:27 GMT+00:00
DJ PRECIOUS METALS HIGHLIGHTS: Top Stories Of The Day - Trading Markets (press release) Tweet this news
Trading Markets (press release)--LONDON (Dow Jones)--Mexican precious metals miner -Fresnillo PLC- (FRES.LN) Tuesday reported a 82.2% rise in first-half net profit and said it remains on ... - Date : Tue, 03 Aug 2010 14:10:11 GMT+00:00
DJ Fresnillo Starts Year Well, 1Q Gold Production Tops Views - Trading Markets (press release) Tweet this news
Trading Markets (press release)---Fresnillo PLC- (FRES.LN), a primary silver and gold producer, said Friday the current year has started well with gold production in the first quarter ... - Date : Fri, 28 May 2010 06:42:58 GMT+00:00
Silver May Outperform Gold Prices on Economic Growth, GFMS Says - BusinessWeek Tweet this news
BusinessWeek---...- Mexico, China and Australia, according to the report. BHP Billiton Ltd., KGHM Polska Miedz SA and -Fresnillo Plc- were the largest silver miners, GFMS said.--- - Date : Thu, 27 May 2010 13:03:12 GMT+00:00
Midday Report: FTSE 100 makes firm gains as Thomas Cook and Tui lead leisure ... - Stockopedia Tweet this news
Stockopedia--Miners made solid progress as metals prices remained firm, with gold and silver miner -Fresnillo- (LON:FRES) jumping 20.5p at 903.5p after reporting soaring ... - Date : Fri, 28 May 2010 12:04:45 GMT+00:00
Search by EPIC - Business Financial News Wire Tweet this news
Business Financial News Wire---...- "-Fresnillo plc- and" ["name1"]=> string(13) "Rio Tinto Plc" ["name2"]=> string(12) "Barclays Plc" ["name3 - Date : Fri, 09 Apr 2010 10:56:53 GMT+00:00
Global X Funds launch silver, copper ETF on NYSE - Reuters Tweet this news
Reuters---...- said that the two ETFs provided targeted exposure to silver and copper mining companies, including Mexican precious metals miner -Fresnillo Plc- (FRES. ... - Date : Tue, 20 Apr 2010 19:57:36 GMT+00:00
Fresnillo glows as output grows - Times Online Tweet this news
Times Online---Fresnillo- is in danger of being remembered for the deals that it did not do. Twice in the past 12 months, the FTSE 100 miner, the world's biggest primary ... - Date : Wed, 14 Apr 2010 21:11:05 GMT+00:00

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