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FRESNILLO ( (GB:FRES) ) has provided an announcement.
Fresnillo reported an exceptional 2025, driven by higher precious metal prices, improved operational efficiency and cost discipline, and a supportive peso devaluation. Silver output met guidance while gold production exceeded expectations, helping push adjusted revenue to US$4.6 billion, up nearly 28%, and gross profit to over US$2.6 billion, more than double the prior year.
The miner rewarded shareholders with a sharply higher total dividend and used its strengthened balance sheet to complete the acquisition of Canada’s Probe Gold, marking a disciplined entry into a Tier 1 jurisdiction and expanding its resource base. Management highlighted a more constructive political climate in Mexico, progress across key development and exploration projects, continued advances in decarbonisation and water stewardship, and a positive long-term outlook for silver and gold demand, even as it acknowledged two fatal incidents and persistent geopolitical risks.
The most recent analyst rating on (GB:FRES) stock is a Hold with a £3700.00 price target. To see the full list of analyst forecasts on FRESNILLO stock, see the GB:FRES Stock Forecast page.
Spark’s Take on FRES Stock
According to Spark, TipRanks’ AI Analyst, FRES is a Outperform.
The score is driven primarily by strong financial performance (sharp 2025 profitability and cash-flow rebound with low leverage) and a generally positive earnings outlook with a credible project pipeline. This is moderated by weaker near-term technical momentum (trading below the 20/50-day averages) and a valuation that is not especially cheap (P/E ~23.4), alongside 2026 transition-year and higher CapEx/tax cash-headwind risks highlighted on the call.
To see Spark’s full report on FRES stock, click here.
More about FRESNILLO
Fresnillo plc is the world’s largest primary silver producer and Mexico’s largest gold producer, with shares listed in London and Mexico under the symbol FRES. The company operates eight mines, all in Mexico, and maintains a portfolio of advanced exploration projects and concessions across Mexico, Peru and Chile, aiming to preserve its leading position in silver and gold.
Average Trading Volume: 1,206,608
Technical Sentiment Signal: Buy
Current Market Cap: £24.58B
See more data about FRES stock on TipRanks’ Stock Analysis page.