FRESNILLO PLC ( (FNLPF) ) has released its Q4 earnings. Here is a breakdown of the information FRESNILLO PLC presented to its investors.
Fresnillo plc is the world’s largest primary silver producer and Mexico’s largest gold producer, operating in the mining sector with a focus on precious metals. The company has eight operating mines in Mexico and several exploration projects in Mexico, Peru, and Chile.
Fresnillo plc reported a strong financial performance for 2024, driven by higher precious metal prices and operational efficiencies. The company’s adjusted revenue increased by 26.9% to $3.64 billion, and EBITDA more than doubled to $1.55 billion. The company also announced a total dividend distribution of $547.5 million, the highest in its history.
Key financial highlights include a 29.3% increase in total revenue to $3.5 billion and a 147.7% rise in gross profit to $1.25 billion. The company maintained a strong net cash position of $458.3 million, allowing continued investment in future growth. Silver production remained stable, while gold production increased by 3.4%. Operational improvements and project advancements, such as the San Carlos shaft commissioning, contributed to efficiency gains.
Looking forward, Fresnillo plc remains committed to responsible growth, focusing on cost optimization and advancing its exploration pipeline. The company expects continued high demand for silver and gold, supported by technological advancements and geopolitical factors. Management anticipates ongoing operational efficiencies and steady profitability in 2025.
Fresnillo’s strategic focus on sustainability and exploration is expected to drive long-term value creation, with plans to increase exploration spending and further enhance operational efficiencies. The company is optimistic about future growth prospects, supported by a favorable business environment under the new Mexican administration.