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BUZZ-UK's Fresnillo shines with gold production exceeding forecast

ReutersJan 29, 2025 8:33 AM

** Shares of miner Fresnillo FRES.L rise 1.9% to 663.25 pence

** FRES posts full-year gold production at 631.6 koz, slightly ahead of guidance of 580 koz to 630 koz

** Reports full-year lead production up 14.8%, zinc production up 8.3% vs FY23

** Adds, full-year silver production at 56.3 moz, in line with guidance

** Improved cost performance and increased metals prices contributed to strong profitability in 2024, says CEO, Octavio Alvídrez

** Expects FY gross profit to be within range of $1.2 bln to$1.3 bln, up more than 135%

** Stock up ~8.8% in 2024

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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