Fresnillo suffers as silver fails to shine

Mexico-focused precious metals miner, Fresnillo, has been hit by the falling price of silver and reduced ore quality, leading to a significant fall in first half profits.

Mexico-focused precious metals miner, Fresnillo, has been hit by the falling price of silver and reduced ore quality, leading to a significant fall in first half profits.

Total revenues for the six months to the end of June were $1.09bn, 2.7% up on the same point last year, but that's where the good news ends for the world's largest silver producer.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.