Precious Metals Rally Drives Fresnillo's Profit Surge

Deep News03-03

Fresnillo reported a significant increase in annual profit, fueled by record-high precious metals prices, and announced its largest dividend since going public. The gold and silver miner stated that pretax profit for 2025 surged to $2.08 billion, up from $743.9 million the previous year. The company attributed the growth to a more than 50% rise in the average realized silver price and a 44% jump in gold prices during the year.

Higher metal prices drove a 30.5% increase in revenue, which reached $4.56 billion. Earnings before interest, taxes, depreciation, and amortization (EBITDA) climbed over 80% to $2.8 billion.

The London-listed miner said it would return $950 million to shareholders through a dividend payment of $1.2892 per share, the highest since its initial public offering in 2008.

Fresnillo's full-year attributable silver production totaled 48.7 million ounces, meeting expectations, while gold output reached 600,287 ounces, exceeding forecasts.

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