Strong Free Cash FlowSustained free cash flow exceeding $1bn provides durable financial optionality: it funds capex, supports debt reduction, and enables shareholder returns without relying on volatile capital markets. Strong cash conversion also cushions the company through commodity price cycles and funds growth projects.
Low Leverage / Solid Balance SheetA low debt-to-equity ratio and high equity ratio give Fresnillo durable financial resilience: it reduces refinancing risk, preserves capacity to invest in development projects, and provides flexibility to manage cyclical revenue swings typical in mining without compromising operations.
Leading Resource Base And ScaleLarge reserve and production scale underpin a multi-year production profile, enabling steady output and unit-cost advantages. The sizable silver and gold resource base supports long-term cash generation, project prioritization, and market positioning versus smaller peers in precious metals.