Fresnillo PLC is a publicly traded mining company listed on the London Stock Exchange (LSE) and the Mexican Stock Exchange (BMV) under the ticker symbol FRES. As of my knowledge cutoff of September 2021 was also included in the FTSE 100 Index, which tracks the performance of the largest companies listed on the LSE. As of this post, Fresnillo’s Share Price is at 739.64 GBp.
Fresnillo PLC is primarily engaged in Mexico’s exploration, mining, and production of gold and silver. It operates several mines in the country, including the Fresnillo mine, the Saucito mine, and the Herradura mine. The company is one of the largest producers of silver in the world and is also a significant producer of gold.
Fresnillo PLC is a mining company headquartered in Mexico City, Mexico. It was founded in 2008 as a spin-off from the Mexican mining company Industrias Peñoles. The company is named after Fresnillo, where its primary mine is located.
Fresnillo PLC is primarily engaged in Mexico’s exploration, mining, and production of gold and silver. It operates several mines in the country, including the Fresnillo mine, the Saucito mine, and the Herradura mine. The company is one of the largest producers of silver in the world and is also a significant producer of gold.
Since its listing on the London Stock Exchange and Mexican Stock Exchange in 2008, Fresnillo PLC has become one of Mexico’s most prominent mining companies and a significant player in the global precious metals market. The company received numerous awards and accolades for its mining operations, including the Mining Journal Excellence Award for Best Latin American Mining Company in 2020.
Advantages of Investing in Fresnillo
- Exposure to Precious Metals. As one of the world’s largest producers of silver and a significant producer of gold, Fresnillo PLC offers investors exposure to the precious metals market. These metals are often seen as a haven investment during economic uncertainty and can help diversify an investor’s portfolio.
- Strong Financial Performance. Fresnillo PLC has a strong track record of financial performance, with steady revenue growth and a history of profitability. The company’s strong financials reassure investors about its ability to weather market fluctuations.
- Experienced Management. The management team at Fresnillo PLC has a wealth of experience in the mining industry and a proven track record of successfully operating mining projects. This experience provides investors with confidence in the company’s ability to continue to deliver strong results in the future.
- Exposure to Mexico. As a Mexico-based company, Fresnillo PLC offers investors exposure to the Mexican economy, one of the largest and fastest-growing in Latin America. In addition, the country has a rich mining history and is home to many other significant mining companies, providing a favorable environment for mining operations.
Main Competitors of Fresnillo PLC
Fresnillo PLC operates in the mining industry, and its primary competitors are other mining companies that produce precious metals, particularly gold, and silver. Some of the main competitors of Fresnillo PLC include:
- Barrick Gold Corporation. Barrick Gold is the world’s largest gold mining company, operating in multiple countries, including the United States, Canada, and Chile.
- Newmont Mining Corporation. Newmont Mining is another global gold mining company operating in multiple countries, including the United States, Canada, and Australia.
- Goldcorp Inc. is a Canadian gold mining company in North and South America.
- Pan American Silver Corp. Pan American Silver is a Canadian mining company specializing in producing silver, with operations in several countries, including Mexico, Peru, and Argentina.
- Coeur Mining, Inc. Coeur Mining is a US-based mining company that primarily produces silver and gold, with operations in the United States, Mexico, and South America.
