Fresnillo (FRES) has announced first quarter of the year production including attributable silver production of 13.28 million ounces and gold production of 0.15 million ounces and that, despite challenges, “2022 guidance remains unchanged”.
Fresnillo (FRES) has announced 2021 results and on-going challenges but also confidence in its prospects. Really?
Gold and silver miners have generally performed quite poorly as of late, and certainly when you consider the prices that the metals themselves have been trading at, and Fresnillo (FRES) has certainly been no exception. That is your opportunity and here is why.
Last weekend I wrote about the silver squeeze which was being hyped all over social media and gave my opinion that it wouldn’t play out as people expected, and although we might see a brief spike off the back of all the publicity, we weren’t going to see the silver derivative shorts crushed overnight. I was right.
Silver and gold mining giant Fresnillo (FRES) has always been a good leveraged play on commodity prices, and is a favourite amongst both investors and traders looking for exposure to precious metals.
Silver has performed very badly in recent months and has hit the lowest levels that we have seen since the start of 2016, but there are plenty of reasons why you should have some exposure to the metal in your portfolio.
