Fresnillo PLC
Other OTCCapital Structure
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in mil. unless spec.Company Description
- CEO
- Octavio Alvidrez Cano
- Full Time Employees
- 7,177
- Sector
- Basic Materials
- Industry
- Other Precious Metals
- Address
- Calzada Legaria No. 549 Mexico City DF Mexico 11250
- IPO Date
- May 27, 2008
- Website
- fresnilloplc.com
- Similar Companies
- Business
- Fresnillo plc is a leading precious metals mining company headquartered in Mexico City, Mexico, and incorporated in the United Kingdom. Founded in 1887, it specializes in mining, developing, and producing non-ferrous minerals, primarily silver, gold, lead, and zinc concentrates. The company operates through seven mining segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio, producing high-purity silver and gold with ancillary production of zinc and lead. It leases mining equipment, produces gold and silver doré bars, and provides administrative services. Fresnillo plc is a subsidiary of Industrias Peñoles, S.A.B. de C.V. The company is the world's largest primary silver producer and Mexico's second-largest gold miner. Its 2024 production totaled 56.3 million ounces of silver and 631,573 ounces of gold, alongside 116,646 tons of zinc and 66,400 tons of lead. Fresnillo focuses on operational efficiency with advanced ore processing facilities including the Fresnillo and Saucito plants, which maintain high recovery rates of approximately 90% for silver and 80% for gold. The company also emphasizes sustainability, having increased its renewable electricity consumption to 80.6% in 2024, exceeding its 2030 targets. Recent major developments include a 29% revenue increase to $3.5 billion in 2024, driven by higher precious metal prices and disciplined cost control measures. Fresnillo has implemented cost-saving initiatives yielding net efficiencies of $40 million and improved operational productivity through rationalizing contractors and maintenance processes. Key strategic projects include deepening shafts at Saucito and San Carlos with expected haulage cost reductions from 2025, alongside exploration and development activities in Mexico, Chile, and Peru. The company also declared a one-off special dividend in 2024 and continues to maintain a robust balance sheet with strong free cash flow. Fresnillo targets the mining and metals sector globally, focusing on precious metals markets including industrial and investment buyers. As part of its growth strategy, it pursues disciplined capital allocation and derisks growth projects while exploring new mining prospects to expand its development portfolio over the next two to three years. Its extensive operations and exploration projects make it a significant player in Latin American mining. Overall, Fresnillo plc combines long-standing mining expertise with modern operational and environmental practices, sustaining its position as a premier precious metals producer with strategic growth initiatives in place across key mining regions in the Americas.
Company News
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CORRECTING and REPLACING Sinda Ltd. Announces Closing of Concurrent Placement with Strategic Partner, Fresnillo plc.
Sinda Ltd. Announces Closing of Concurrent Placement with Strategic Partner, Fresnillo plc.
Fresnillo's Gold, Silver Production Falls on Lower Ore Grades
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Fresnillo's Quarterly Silver Production Slips
Fresnillo PLC (OTCMKTS:FNLPF) Receives Consensus Recommendation of “Hold” from Analysts
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