Fresnillo plc
{{short description|UK precious metals mining company based in Mexico}}
{{Use dmy dates|date=October 2020}}
{{Infobox company
| name = Fresnillo plc
| logo = Fresnillo.svg
| logo_size = 250px
| type = Public limited company
| traded_as = {{lse|FRES}}
FTSE 100 Component
| foundation = {{start date and age|2008}}
| location = {{hlist|London, United Kingdom (registered office)|Mexico City, Mexico (corporate headquarters)}}
| key_people = {{ubl
| {{wd-chairperson}}
| {{wd-ceo}}
}}
| industry = Mining
| products = Precious metals
| revenue = {{increase}} US$3,496.4 million (2024){{Cite web |url=https://www.fresnilloplc.com/media/xrfjufma/040325-fres-fy24-prelim-report.pdf|title=Preliminary Results 2024|access-date=4 March 2025|publisher=Fresnillo}}
| operating_income = {{increase}} US$945.8 million (2024)
| net_income = {{decrease}} US$226.7 million (2024)
| num_employees =
| parent = Industrias Peñoles
| homepage = {{URL|www.fresnilloplc.com}}
}}
Fresnillo plc is a Mexican precious metals mining company incorporated in the United Kingdom and headquartered in Mexico City. Fresnillo is the world's largest producer of silver from ore (primary silver) and Mexico's second-largest gold miner.{{Cite news|url=https://www.forbes.com/afxnewslimited/feeds/afx/2008/04/11/afx4878774.html|title=Mexico's Industrias Penoles to spin off Fresnillo in London IPO|date=11 April 2008|agency=AFX News|work=Forbes |access-date=21 September 2008|archive-url=https://web.archive.org/web/20110622010841/http://www.forbes.com/feeds/afx/2008/04/11/afx4878774.html|archive-date=22 June 2011 }} It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
History
Formerly a wholly owned operating division of Industrias Peñoles, a minority stake in the company was spun off on the London Stock Exchange in a May 2008 IPO, with a secondary listing on the Mexican Stock Exchange on the same day.{{cite web|url=http://metalsplace.com/news/articles/19118/fresnillo-ipo-to-raise-us900-million/|title=Fresnillo IPO to raise US$900 million|publisher=Metals Place|date=14 April 2008|access-date=24 March 2012|archive-url=https://archive.today/20120712181959/http://metalsplace.com/news/articles/19118/fresnillo-ipo-to-raise-us900-million/|archive-date=12 July 2012|url-status=dead}}
On 15 August 2012, Octavio Alvídrez took over as chief executive from Jaime Lomelín, following a handover period.{{Cite news|url=http://www.rttnews.com/1931544/fresnillo-ceo-jaime-lomel%C3%ADn-retires-quick-facts.aspx|title=Fresnillo CEO Jaime Lomelín Retires – Quick Facts|work=RTT News |date=26 June 2012|access-date=28 November 2012}}
Operations
The company operates three gold and silver mines in Mexico (Industrias Peñoles retained the rights to its primary base metals mines when Fresnillo was spun off).{{Cite web|url=http://www.fresnilloplc.com/IR_OI_PV_annual.html|title=Production volumes: annual|publisher=Fresnillo|access-date=21 September 2008}} {{Dead link|date=October 2010|bot=H3llBot}} The largest mine, in terms of silver output, is Mina Proaño (also known as Fresnillo Mine), located near the city of Fresnillo in the state of Zacatecas; the other mines are at Cienega, in Durango, and Herradura, in Sonora. In 2007, Fresnillo plc produced 34.3 million ounces of silver and 279,614 ounces of gold from its three active mines, as well as around 20 tons each of zinc and lead as by-products.
The company also has 21 active exploration projects located across the country. It signalled plans to use the money raised in its IPO to expand into Peru and Chile.{{Cite news|url=http://us.ft.com/ftgateway/superpage.ft?news_id=fto050920081757173271|title=Fresnillo suffers 6% fall during London debut|last=Bream|first=Rebecca|date=9 May 2008|work=Financial Times|access-date=21 September 2008|archive-url=https://web.archive.org/web/20110929155051/http://us.ft.com/ftgateway/superpage.ft?news_id=fto050920081757173271|archive-date=29 September 2011|url-status=dead}}
Carbon footprint
Fresnillo reported Total CO2e emissions (Direct + Indirect) for 31 December 2020 at 842 Kt (-7 /-0.8% y-o-y).{{Cite web |title=Fresnillo's Sustainability Report for 2020Q4 |archive-url=https://web.archive.org/web/20210524175423/http://www.fresnilloplc.com/media/488895/200421-fresnillo-ar2020-web.pdf |url=http://www.fresnilloplc.com/media/488895/200421-fresnillo-ar2020-web.pdf|archive-date=May 24, 2021 }} [https://analytics.exerica.com/App/Name/Fresnillo/Total%20CO2e%20Emissions%20-%20Location-Based%20Scope%201%20%2b%20Scope%202/2020Q4 Alt URL]
References
{{reflist}}
External links
{{Portal|Companies}}
- {{Official website|www.fresnilloplc.com}}
- [https://www.google.com/finance/quote/FRES:LON Google Finance profile]
{{FTSE 100 Index constituents}}
{{Authority control}}
{{DEFAULTSORT:Fresnillo Plc}}
Category:Non-renewable resource companies established in 2008
Category:Companies based in Mexico City
Category:Silver mining companies of Mexico
Category:Gold mining companies of Mexico
Category:Companies listed on the London Stock Exchange