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.
Hello Share Takers. Normally, I avoid mining stocks, leaving that difficult area of expertise to my brilliant colleague Gary Newman. But I do hold shares in silver and gold miner Fresnillo (FRES). This is one of the biggest miners and commodity merchants on the planet. Now the price of gold has been disappointing lately, especially as the covid crisis was expected to send it further higher, but silver soaring has sent Fresnillo shares up by 20% as I write…
I can understand why investors are unwilling to sell, or short, companies which trade at a significant discount to NAV, some even being tempted to average down, or in the case of new, would be value seekers, to pile in. Particularly with indebted companies this is a dangerous game and more often than not, the bigger the discount, the bigger is the danger…
At the moment most of the focus on commodities that I have been seeing has been on gold and oil, and what people are forecasting for the coming months and longer term. But I suggest we are missing a great opportunity here.
It has been a busy weekend...although not exclusively for the reasons Tom briefly mused upon in his bearcast yesterday(and on which i will do a grand reveal early next week). Back to the markets and I read that another FTSE reshuffle is imminent. Regular readers will recall that this is a regular opportunity moment I muse upon.
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.
It’s been a tough few months for the mining sector in 2018, with the All Share Mining Index down over 10% since the beginning of the year and mining shares hitting a two-year low last week. Precious metal miners in particular have suffered a rough summer; the price of gold now sits at $1,196, down from $1304 on 1st January, while Holders of some of the larger companies in this sector – such as Fresnillo (FRES), Centamin (CEY) and Hochschild (HOC) – will have seen the losses of over 30%. It’s not all doom and gloom in the sector though: success stories can be found amongst the small-caps, with Gem Diamonds (+57% in 2018) and Atalaya Mining (+26.1%) heading the list of miners that have provided strong returns so far.
Hello, Share Pilots. There is so many predictions of a earth-shattering share crash on this lively website, that we must all be feeling nervous. We all remember a few black days, only nine years ago, when it began to look as all shares would be worth hardly anything at all. Picture your mind’s desolation if that were to happen again. Here are a few precautions you might take.
Gold seems to be the place where everyone wants to be at the moment, although I do wonder why so many are suddenly buying now rather than when the price was close to $1,000!
Hello Share Shakers. I don’t need tell you that at last gold is in happy vogue again. This comes despite all the negative comments on this beautiful website over the last 12 months when lots of critics attacked the premise that gold prices would go up. Well, blow me down, as confidence in currencies and world economies diminishes, the price of the yellow stuff has risen nicely.
John Meyer of SP Angel this morning comments on First Quantum Minerals (FQM), Fresnillo (FRES), Ironveld (IRON) and Sirius Minerals (SXX) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
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