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FRESNILLO ( (GB:FRES) ) has shared an update.
Fresnillo plc has completed its acquisition of Canada’s Probe Gold Inc. for approximately CAD$770 million in cash, securing a 10 million-ounce gold resource base centred on the Novador project in Quebec’s Val d’Or district. The deal marks Fresnillo’s first project outside Mexico, giving it immediate exposure to a tier-one Canadian mining jurisdiction with strong infrastructure and a skilled workforce, while maintaining its robust balance sheet and dividend policy. Fresnillo plans to advance development of Novador, an advanced project expected to produce more than 200,000 ounces of gold annually for over a decade, and to explore Probe’s 1,798 km² land package, including the Detour Gold Quebec project, to unlock additional growth and strengthen its long-term position in precious metals.
The most recent analyst rating on (GB:FRES) stock is a Hold with a £4415.00 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 the world’s largest primary silver producer and Mexico’s largest gold producer, listed in London and Mexico. The company operates eight mines in Mexico and manages advanced exploration projects and concessions across Mexico, Peru and Chile as it seeks to reinforce its leadership in the global precious metals industry.
Average Trading Volume: 1,181,133
Technical Sentiment Signal: Buy
Current Market Cap: £29.3B
For a thorough assessment of FRES stock, go to TipRanks’ Stock Analysis page.