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…
Unless you’ve been living in a cave for the past week or so, you can’t but fail to have noticed the news around a massive ‘short squeeze’ on a number of heavily shorted US stocks, with GameStop ($GME) and AMC Entertainment ($AMC) attracting particular attention.
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.
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.
Given what is going on in the markets and world in general at the moment, it would seem silly not to have gold featuring somewhere in your portfolio.
Recent weakness in precious metal prices is creating some great opportunities in the equities which are affected by this, and has resulted in some mining shares dropping back to a share price level where they offer good risk versus reward.
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.
Silver has been incredibly volatile this year with large swings, but it is now back at a level where I can see a good chance of a bounce coming, and that in turn offers upside on producers of the precious metal.
Other than a few months around the start of the year, we are now seeing silver back at its lowest levels since mid-2009, and I can see a strong bounce coming soon.
It was a real rollercoaster ride for precious metals and shares last week, following the results of the US elections and a surprise win for Donald Trump, but this could present some great buying opportunities.
When you invest and trade based on value as you see it at the time, that can quickly change, and even with companies that you have a lot of faith in there can come a time when they can start to look expensive.
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.
Silver and gold prices have taken a tumble over the past couple of years but now seem to be settling. That has to be good news for Mexican miner Fresnillo (FRES) which has seen its share price more than halve over that period and now trades at around 810p with a market cap of £6 billion.
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