Company Profile · Basic Materials

Fresnillo PLC

FRES · LSE
Industry
Silver Mining
Exchange
LSE
Country
UK
Employees
7,177
Website
www.fresnilloplc.com
Current Price
29.72
Live · Jun 22, 2026
Fair Buy
≤ 17
Margin-of-safety entry
Baillie Growth Score
31/100
Poor
Intrinsic Value · Three-Tier Range Current price 29.72 Live · Within the fair intrinsic-value range

Composite valuation range · conservative 15–17 / fair 23–30 / optimistic 35–38. At 29.72, Within the fair intrinsic-value range.

At publication 29.22 (Jul 4, 2026)

Recent developments
Apr 22, 2026 Update Needs review

Fresnillo Q1 silver production fell while full-year guidance was maintained

Q1 silver output fell 8.5% quarter-on-quarter to 11.1 million ounces, while Fresnillo maintained full-year guidance.

Possible impact:May affect expectations for ore grades, processed volumes and delivery against annual guidance.

The Wall Street JournalView source

Automatically summarized from public sources; for context only, not investment advice.

Financial snapshot
Market cap£21.22B
Revenue (TTM)£4.56B
EBITDA£2.58B
Profit margin30.34%
ROE33.9%
P/E (TTM)20.27
Forward P/E9.53
PEG1.56
EPS£0.01
Dividend yield4.61%
52-week range£13.29 – £43.74

Data from EODHD, shown in the reporting currency; for reference only, not investment advice.

About the company

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the Fresnillo silver mine located in the state of Zacatecas; Saucito mine situated in the state of Zacatecas; Ciénega mine located in the state of Durango; Herradura mine located in the state of Sonora; Noche Buena mine located in the state of Sonora; San Julián mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas. The company also leases mining equipment; produces lead, silver and zinc concentrates and silver precipitates; produces gold/silver doré bars; mines projects; and provides exploration and administrative services. Fresnillo plc was founded in 1887 and is headquartered in Mexico City, Mexico. Fresnillo plc is a subsidiary of Industrias Peñoles, S.A.B. de C.V.

Background

History

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Industry position

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Research on this stock
31/100 Hold Fresnillo: A Genuine Re-Rating, But the Price Already Assumes the Hard Part Is Done Fresnillo is the world's largest primary silver producer and one of Mexico's largest gold producers, whose 2025 results (adjusted revenue of US$4.65 billion, EBITDA of US$2.80 billion, and net cash of US$1.92 billion) were driven mainly by a favorable metals tape rather than a structural improvement, even as the company cut 2026 guidance to 42-46.5 million ounces of silver and 500-550 thousand ounces of gold after grade and mine-plan setbacks at Fresnillo, Saucito and Herradura. Rating Hold: high cash generation and scarce silver exposure are real, but at £29.22 the price already discounts favorable metals while execution risk, Mexico concentration and Peñoles' 74.99% control remain unresolved, with the ideal buy zone at £15 to £17. Fresnillo plcFRES · LSESilver MiningJul 4, 2026