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FRESNILLO ( (GB:FRES) ) just unveiled an announcement.
Fresnillo reported a solid operational performance for 2025, with full-year attributable gold output of 600.3 koz surpassing guidance despite falling 5% year on year, while total attributable silver production, including the now-ended Silverstream, declined 13.5% to 48.7 moz but remained in line with guidance. Fourth-quarter figures showed mixed trends, with higher silver, lead and zinc volumes versus the previous quarter but sharp year-on-year falls in gold and silver, reflecting lower grades, reduced ore throughput at key mines such as Herradura, Saucito, Ciénega and San Julián, the cessation of mining at San Julián DOB and the discontinuation of zinc concentrates at Ciénega. The company issued 2026 guidance that trims expected silver and gold production compared with prior indications, citing mine-plan changes at Fresnillo, lower throughput and grades at Ciénega and delayed infrastructure at Saucito, while signalling a recovery in volumes from 2027 as new high-grade areas and projects come on stream, suggesting a near-term production dip but a constructive medium-term outlook for stakeholders.
The most recent analyst rating on (GB:FRES) stock is a Hold with a £4513.00 price target. To see the full list of analyst forecasts on FRESNILLO stock, see the GB:FRES Stock Forecast page.
Spark’s Take on GB:FRES Stock
According to Spark, TipRanks’ AI Analyst, GB:FRES is a Outperform.
The score is driven primarily by strong financial performance (better margins, low leverage, and significantly improved cash flow) and supportive earnings-call outlook. These positives are tempered by an overbought technical setup and a demanding valuation (high P/E), which raise near-term risk and reduce margin of safety.
To see Spark’s full report on GB:FRES stock, click here.
More about FRESNILLO
Fresnillo plc is a London-listed precious metals miner focused primarily on silver and gold production from operations in Mexico. The group also produces lead and zinc as by‑products and positions itself as a major player in the global silver market, with a strategy centred on disciplined mine planning, operational efficiency and safety in a supportive metals price environment.
Average Trading Volume: 1,187,889
Technical Sentiment Signal: Buy
Current Market Cap: £32.78B
Find detailed analytics on FRES stock on TipRanks’ Stock Analysis page.