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Fresnillo / FRES.L, fnlpf - World's Top Silver Miner

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Fresnillo / FRES.L, fnlpf - "World's Top Silver Miner"

FRES.L , FNLPF  / FRESNILLO ... All : 5yr : 2yr : 6mo : 10d : vSLV 5d-etc 10d-e / GBP 11.90 x1.330 = US$ 15.83

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FNLpf / Fresnillo as a bellwether ... update :

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Fresnillo Inc. is ... " engaged in the exploration, development, and production of gold and silver properties in Mexico.

Its properties include Fresnillo, Saucito, Cienega including the San Ramon satellite mine, Herradura, Soledad-Dipolos and Noche Buena."

PRESENTATIONS : http://www.fresnilloplc.com/investor-relations/reports-and-presentations/

World’s largest silver producer (58.7 moz in 2017) and Mexico’s largest gold producer (911.1 koz in 2017)
Total assets of US$4.7 billion and market cap of US$12.9 billion
(2018 Guidance)
+ Silver production from the Fresnillo mine continues to increase,  7-9% increase expected this year
+ Pyrites plant and 2nd Dynamic leaching plant expected to be commissioned in 2Q18
+ 2018 guidance: 67-70 moz silver & 870-900k oz gold

---------------------------: Act.2017 : Est. 2018 : /4 Qtrs. / : 1st.Half : Anal.Est
Production    : AG: oz 58.7M : oz 68.5M : oz 34.2M : oz 34.2M :
Production    : AU: oz 911.M : oz 885.M : oz 442.M : oz 221.M :
Ratio au/au    : / :  Ra - 75.0 :  Ra - 75.0 :  Ra - 75.0  : Ra - 80.0 :
AG eqv.Prod  :EQ: oz 68.3M : oz 66.4M : oz 33.2M : oz 02.7M :
Total AG eqv :TP: oz 127.M : oz 135.M : oz 57.5M : oz 19.8M :
Aver. AG price  = :+ $16.48 : + $16.50 : + $16.50 : + $00.00 :
Revenues------ : R : $ 2,093M : $ 2,228M : $ 1,114M : $ 1,100M :
EBITDA -------- : E : $ 1,060M : $ 1,130M : $ 0,565M : $ 0,280M :
Prod.Cost----- : C : $ 0,769M : $ 0,837M : $ 0,818M :
Per Ounce----- : c : ( $06.06) : ( $06.20) :  ( $06.20) :
Gross Profit-- : G : $ 0,925M : $ 0,986M : $ 0,493M :
Expl.Expend. : X : $ 0,141M : $ 0,150M : $ 0,075M :
Oper. Profit-- :OP: $ 0,709M : $ 0,756M : $ 0,378M :
--------> Per Eq.Oz : $ 05.58+ : $ 05.60+ :$ 05.60+ :

Shares OS--------- : 730.0 Mn : 730.0 Mn : 730.0Mn :
OP per share :PS: $   0.97 :  : $  1.04 :   :  $ 0.52  :   :
Basic EPS---------- : $   0.76 :  : $  0.81 :   :  $ 0.40  :   : > '18 cons.est. = $0.67
Cash & Equiv.---- : $ 0,896M : $ 0,900M : $ 0,900M :

NEWS RELEASES : http://www.fresnilloplc.com/investor-relations/regulatory-announcements/

News / Advfn : May 30 : Fresnillo : 2018 Production Guidance :

Silver-and-gold miner Fresnillo PLC (FRES.LN) said on Wednesday that its 2018 production outlook remains unchanged.

Mexico-based Fresnillo said it remains on-track to produce between 67 million and 70 million ounces of silver, and 870,000 to 900,000 ounces of gold.

Fresnillo said it expects to approve the development of its 56%-owned Juanicipio silver mine project, in the Zacatecas state of Mexico, "in the coming months", with a target of beginning production in mid-2020.

06/08/18 - Advfn : I think it was the failure to hold 1300 that has triggered the drop. The 1299 finish yesterday was a victory for the bears. It will have another run at it soon enough, but someone or more likely, some computer bot really doesn't want this over 1300.

Fres.L / Fresnillo PLC            ... All : 5yr : 2yr : 6mo : 10d / Last:
v7MBj4j.gif

==

LINKS:

Forums- : advfn : iii (unpopular) :
Analysts: 17 are listed : X : Y : Z :
Website : http://www.fresnilloplc.com
UKoption:

Top 5  SIL components

Net Assets % Sym / Name Market Price ($) Shares Held Market Value ($)
12.60 Poly.L / POLYMETAL INTL 8.91 6,034,946 53,770,653.00
12.43 WPM  / WHEATON PREC MET  22.03 2,407,875 53,045,486.25
11.73 kr:010130  / KOREA ZINC CO 403.16 124,165 50,058,570.69
11.67 Fres.L / FRESNILLO PLC 17.43 2,857,073 49,800,571.99
5.08 Paas   / PAN AMER. SILVER 17.77 1,218,877 21,659,444.29

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Fresnillo may have (finally?) bottomed

FRES.L ... 5-yrs : w/SIL, SLV : 10d :

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FRES.L vs. SLV & SIL... 10d :

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Fnlpf - FRES vs. SIL & SLV ... update :

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==

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Fresnillo (is USD) / may be expected to gain on Silver (& other silver shares) over time,

...given its dividend & its fast growing production

FNPLF vs SLV and SIL ... since 2010 : since 2015 : 2017 : 10d / Fres.L: 11.68, FNPLF: $15.65, SLV: $15.60, SIL: $29.57 /15.65= xx

blob:https://imgur.com/932f0264-ee0f-40c6-86d7-f8d4977ffade

Year-end FRES.L share price vs Earnings & Div

Year- : FRES.L/GbpUsd : in US$ : ( SLV) , ( SIL) , ( Sil/2) : FNPLF : Earns : $Divid : Yield : E-Yld : P'out :
2010 : 16.61 x $1.543 = $25.63 : $29.76, 79.59 : 39.80 : $26.30 : -N/A- : $.000 : -N/A-
2011 : 15.27 x $1.555 = $23.74 : $26.94, 63.33 : 31.67 : $23.10 : -N/A- : $.629 : 2.65% :
2012 : 18.47 x $1.642 = $30.33 : $29.37, 67.95 : 33.98 : $30.44 : -N/A- : $.555 : 1.83% :
2013 : 07.46 x $1.656 = $12.35 : $18.71, 33.60 : 16.80 : $11.62*: $.329 : $.697 : 5.64% :
2014 : 07.66 x $1.558 = $11.93 : $15.06, 27.78 : 13.89 : $11.75 : $.147 : $.070 : 0.59% :
2015 : 07.08 x $1.474 = $10.44 : $13.10, 18.51 : 09.25 : $10.41 : $.096 : $.033 : 0.32% :
2016 : 12.21 x $1.235 = $15.08 : $15.11, 32.11 : 16.05 : $14.80 : $.579 : $.090 : 0.60% :
2017 : 14.29 x $1.351 = $19.30 : $15.99, 32.64 : 16.32 : $19.25 : $.761 : $.248 : 1.28% :
6/15 : 11.68 x $1.328 = $15.51 : $15.60, 29.57 : 14.78 : $15.65 : 0.81E : $.216+ 1.39%+
====

> Dividend record : http://www.fresnilloplc.com/investor-relations/dividend-information/

*pre-Xmas, FNPLF is illiquid

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ANALYST ESTIMATES

> https://www.reuters.com/finance/stocks/analyst/FRES.L

Consensus Estimates Trend

Sales and Profit Figures in US Dollar (USD)
Earnings and Dividend Figures in US Dollar (USD)
  Current 1 Week
Ago
1 Month
Ago
2 Month
Ago
1 Year
Ago
SALES (in millions)
Year Ending Dec-18 2,398.28 2,395.25 2,399.50 2,408.89 2,504.28
Year Ending Dec-19 2,574.25 2,578.33 2,607.97 2,579.39 2,686.49
Earnings (per share)
Quarter Ending Jun-18 0.27 0.27 0.29 0.30 0.29
Quarter Ending Dec-18 0.33 0.33 0.31 0.31 0.30
Year Ending Dec-18 0.67 0.67 0.65 0.68 0.79
Year Ending Dec-19 0.77 0.77 0.78 0.78 0.86

Analyst Recommendations and Revisions

1-5 Linear Scale Current 1 Month
Ago
2 Month
Ago
3 Month
Ago
(1) BUY 1 1 1 1
(2) OUTPERFORM 6 5 5 4
(3) HOLD 9 10 10 10
(4) UNDERPERFORM 0 0 0 1
(5) SELL 0 0 0 0
No Opinion 0 0 0 0
 
Mean Rating 2.50 2.56 2.56 2.69

 

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Recent Reports

xx

UPDATE 1-Mexico-focused Fresnillo's Q1 gold, silver ... - Kitco

Apr 25, 2018 - April 25 (Reuters) - Precious metals miner Fresnillo Plc on Wednesday reported a 14 percent rise in first-quarter silver production, boosted by ...

Precious metals miner Fresnillo's 2017 profit rises over 3 pct   

Feb 27 (Reuters) - Precious metals miner Fresnillo Plc on Tuesday posted a 3.2 percent rise in annual profit, helped by record silver production.

Silver production rose 16.6 percent to 58.7 million ounces in the year ended Dec. 31, following the first complete year of San Julián phase I operating at full capacity and the start of phase II operations.

The company, which mines gold and silver in Mexico, said full-year profit before tax rose to $741.5 million from $718.2 million, while revenue climbed 9.9 percent to about $2 billion.

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Fresnillo - trying to bounceback... but still in a downtrend

FRES.L ... 6mo :

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FRES.L vs. SLV & SIL ... update : 1173 x $1.326 = $15.55 / $15.50 = R-1.003

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Ratio : SIL / SLV : $29.30 / $15.50 = R-1.89

Ratio : Fres/SLV : 1173.0 / $15.50 - R-75.7

Ratio : Fnlpf/SLV : $15.18 / $15.50 - R-97.9%

Ratio : 1173 x $1.326 = $15.55 / $15.50 = R-1.003

ZgFkJlg.png

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After Friday's +32P, 2.80% Rally to L-11.73, a pullback

FRES.L / Fresnillo ... XX 10d : 1,155.00 -18P, - 1.53%

rSjAvIl.gif

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FNLpf / Fresnillo as a bellwether ... update :

2UgEdum.gif

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SILVER Stocks - many are still in a downtrend

FRES.L is ... update - some gold etfs are bucking the downtrend / Last: GBP 1,053.50 -52.50 -4.75%

   

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Korea Zinc remains in a downtrend too ... update / Last : xx - unable to get above resistance at 400,000

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Top Silver Miner, FRES-nillo has been weak

FRES.L ... update

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==

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Fresnillo Silver bouncing off Long Term support

FRES.L / ... update :

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If we were say, bullish on gold but not so much on silver, would we buy FRES since it is a major gold producer, although its mainly known as the top silver miner?

I like diversifying into a cheap UK miner w/ dividend but am ambivalent about the fact that if silver underperforms, FRES could sag in the meantime.

Also the long-term downtrend appears to indicate support around £7.40, which is why I'm mostly waiting patiently for proper capitulation, after the euphoric buying week of 22 Oct.

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F*ck. Managed to get out at breakeven.

Fresnillo shares sink 11% on Mexico uncertainty

Shares in London-listed silver miner Fresnillo fell 11 per cent on Thursday amid rising uncertainty about the impact of proposed mining legislation in Mexico. Mexican lawmakers have proposed a series of bills that could restrict mining in the country, as President-elect Andrés Manuel López Obrador prepares to take power next month following his landslide victory in July. This week a member of the president’s Morena party proposed a bill that would require the consent of indigenous communities before granting mining concessions on their land, and allow the Ministry of Economy to revoke mining permits that have what is deemed to be a negative social impact. It is the latest in a total of 11 bills presented to Congress that could impact mining, according to analysts at Morgan Stanley. Investors have grown increasingly concerned about what the leftwing president will do with his election mandate when in office. The country’s benchmark IPC index has fallen by 16 per cent year-to-date. The proposed bills, if passed, would have an 11 per cent impact on earnings per share for Fresnillo, the bank said. It cut its rating on the stock to “Underweight” from “Equal-Weight.” “The increasing number of bills being proposed in Mexico bears potentially negative connotations for the mining industry and thus Fresnillo,” the bank said. Shares in Fresnillo, a member of the FTSE 100, last traded down 11 per cent to 810.8p. 

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Bad Luck.
I am still Long, for LT play
 
MAG Silver Corp. (MAG: TSX / NYSE A) is a Canadian exploration and development company on the cusp of becoming a top-tier primary silver mining company. Their principal focus and asset is the Juanicipio Property, being developed in partnership with Fresnillo Plc and is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp. 
 
MAG Silver is presently developing the underground infrastructure on the property, with the operational expertise of our joint venture partner, Fresnillo plc, to support a 4,000 tonnes per day mining operation on what will be the highest grade silver mine in the world sitting at the bottom of the cost curve. 
 
Fresnillo's presentation regarding Juanicipio has stated the following: "The project is in the final stages of its approval process, with discussions currently focused on the construction agreement. The project is expected to be fully approved before year end and orders for long term delivery equipment are ready to be placed."
 

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Hard for me to predict that...

Clearly the markets are not wholly comfortable

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Fresnillo back up to Key Resistance

FRES.L ... update :

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SIL ... update :

PRxZ9nH.gif

==

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