Record gold and silver output at Fresnillo

first_img A RECORD boom in gold and silver output at miner Fresnillo caused investors to rush to buy the stock yesterday. The Mexico-focused miner said production will be slightly above its full-year targets thanks to a record third quarter. Gold output jumped 44.4 per cent on the year-earlier quarter to nearly 92,000 ounces in the three months to the end of September, while silver rose 1.2 per cent to reach a record output high of 10.69m ounces, the company said in an interim statement. Analysts at Numis had expected 9.6m ounces of silver, or 10.4m including the proceeds of Fresnillo’s Silverstream contract, and 81,000 ounces of gold. “This operational performance was enhanced by the significant increase in metal prices over the period,” said chief executive Jaime Lomelin.“These factors contributed to a strong overall result in the third quarter and give us confidence that the year as a whole will be one of the most successful in Fresnillo’s history.”Shares shot up more than four per cent following the announcement yesterday, before closing up 3.3 per cent at £12.82 in heavy trading. Tags: NULL whatsapp KCS-content whatsapp Show Comments ▼ Sharecenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Wednesday 13 October 2010 7:54 pm Record gold and silver output at Fresnillo Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wraplast_img read more