The Fresnillo share price is down today after the company announced that it expects to produce less silver and gold this year than previously forecast. The Mexican miner said that output would be lower due to “lower-than-expected ore grades” at its mines. Fresnillo shares are down 3% in London today.
Fresnillo is the world’s largest primary silver producer and Mexico’s second-largest gold miner. The company has been hit hard by the Covid-19 pandemic, with operations disrupted by lockdown measures. However, output has begun to recover in recent months as mines have reopened.
What is it and why is it important
Fresnillo plc is a Mexican-based precious metals mining company with operations in Mexico, Peru, and Zambia. It is the world’s largest primary silver producer and Mexico’s second-largest gold miner.
The company also produces lead and zinc. Its shares are traded on the London Stock Exchange and the Mexican Stock Exchange under the symbol FRES.
The Fresnillo share price has been volatile over the past year, but it remains an important stock to watch for those interested in the precious metals markets.
The company’s strong production growth outlook, particularly from its new Herradura mine in Mexico, makes it a key player in silver supply. With gold prices hitting new highs in 2020, Fresnillo’s position as a leading gold miner also makes it an interesting stock to watch.
Mks Share Price
MKS Instruments, Inc. (NASDAQ: MKSI) shares are currently trading at $101.88, down -2.12% from the previous close of $104.14. The stock has a 52-week range of $93.32-$116.48 and a market capitalization of $6 billion.
MKS Instruments is a global provider of instruments, subsystems and process control solutions that measure, control, power, deliver and analyze critical parameters of advanced manufacturing processes to improve process performance and productivity for customers in the semiconductor, LED/VCSEL, compound semiconductor, power electronics and other advanced industries.
The company reported strong fiscal fourth quarter results on January 26 with EPS coming in at $1.72 beating analyst estimates by four cents and revenue increasing 8% year over year to $644 million which also beat expectations by about $10 million. For the full fiscal year 2017 EPS was up 30% to $6.28 on revenue growth of 9%.
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-What is Fresnillo’S Share Price
Fresnillo’s share price is down today after the company announced it would be suspending operations at its Herradura mine in Mexico. Fresnillo is the world’s largest primary silver producer and also has mines in Mexico and Peru. The company’s shares are listed on the London Stock Exchange and are a constituent of the FTSE 100 Index.
Fresnillo Share Price Forecast – Fresnillo Share Price Projection and Analysis
Conclusion
A
Fresnillo share price is down today after it was announced that the company will be selling its stake in one of its mines. The move comes as Fresnillo looks to focus on its core operations and reduce debt.
While the sale is unlikely to have a major impact on the company’s overall production, it is a sign that Fresnillo is looking to streamline its business. investors will be closely watching to see if this signals a more aggressive divestment strategy from the company in the future.
