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{{short description|UK precious metals mining company based in Mexico}}
{{Use dmy dates|date=April 2011}}
{{Use dmy dates|date=October 2020}}
{{Infobox company
{{Infobox company
| name = Fresnillo plc
| name = Fresnillo plc
| logo = [[Image:Fresnillo.svg|180px]]
| logo = Fresnillo.svg
| logo_size = 250px
| type = Public company
| type = [[Public limited company]]
| traded_as = {{lse|FRES}}<br>[[FTSE 100 Index|FTSE 100 Component]]
| traded_as = {{lse|FRES}}<br>[[FTSE 100 Index|FTSE 100 Component]]
| foundation = {{start date and age|2008}}
| foundation = {{start date and age|2008}}
| location = London, UK <small>(corporate)</small>, [[Mexico City]], Mexico <small>(operational)</small>
| location = {{hlist|[[London]], United Kingdom (registered office)|[[Mexico City]], Mexico (corporate headquarters)}}
| key_people = [[Alberto Baillères]] <small>(Chairman of the [[board of directors|board]])</small>, [[Octavio Alvídrez]] <small>(CEO)</small>
| industry = Mining
| key_people = {{ubl
| {{wd-chairperson}}
⚫
| products = [[Precious metal]]s
| {{wd-ceo}}
⚫
| revenue = US$1,905.5&nbsp;million (2016)<ref name=prelims>{{Cite web |url=http://www.fresnilloplc.com/media/257854/280217-prelims-announcement-clean-def.pdf|title=Preliminary Results 2016 |accessdate=7 April 2017 |publisher=Fresnillo}}</ref>
}}
⚫
|operating_income = US$676.5&nbsp;million (2016)<ref name=prelims/>
| industry = Mining
⚫
| net_income = US$425.0&nbsp;million (2016)<ref name=prelims/>
⚫
| products = [[Precious metal]]s
⚫
| num_employees =
⚫
| revenue = {{increase}} US$2,705.1&nbsp;million (2023)<ref name=results>{{Cite web |url=https://otp.tools.investis.com/Utilities/PDFDownload.aspx?Newsid=1795922|title=Preliminary Results 2023|access-date=5 March 2024|publisher=Fresnillo}}</ref>
⚫
| parent = [[Peñoles|Industrias Peñoles]]
⚫
| operating_income = {{decrease}} US$142.5&nbsp;million (2023)<ref name=results/>
⚫
| homepage = [http://www.fresnilloplc.com www.fresnilloplc.com]
⚫
| net_income = {{decrease}} US$288.3&nbsp;million (2023)<ref name=results/>
| intl = yes
⚫
| num_employees =
⚫
| parent = [[Peñoles|Industrias Peñoles]]
⚫
| homepage = {{URL|www.fresnilloplc.com}}
}}
}}
⚫
'''Fresnillo plc''' is a Mexican [[precious metal]]s mining company incorporated in the United Kingdom and headquartered in [[Mexico City]]. Fresnillo is the world's largest producer of silver from [[ore]] (primary silver) and Mexico's second-largest gold miner.<ref>{{Cite news|url=https://www.forbes.com/afxnewslimited/feeds/afx/2008/04/11/afx4878774.html|title=Mexico's Industrias Penoles to spin off Fresnillo in London IPO|date=11 April 2008|agency=[[AFX News]]|work=Forbes |access-date=21 September 2008|archive-url=https://web.archive.org/web/20110622010841/http://www.forbes.com/feeds/afx/2008/04/11/afx4878774.html|archive-date=22 June 2011 }}</ref> It is listed on the [[London Stock Exchange]] and is a constituent of the [[FTSE 100 Index]].

⚫
'''Fresnillo plc''' is a Mexican-based [[precious metal]]s mining company incorporated in the United Kingdom and headquartered in [[Mexico City]]. Fresnillo is the world's largest producer of silver from [[ore]] (primary silver) and Mexico's second-largest gold miner.<ref>{{Cite news|url=https://www.forbes.com/afxnewslimited/feeds/afx/2008/04/11/afx4878774.html|title=Mexico's Industrias Penoles to spin off Fresnillo in London IPO|date=11 April 2008|agency=[[AFX News]]|work=Forbes |accessdate=21 September 2008|archiveurl=https://web.archive.org/web/20110622010841/http://www.forbes.com/feeds/afx/2008/04/11/afx4878774.html|archivedate=22 June 2011 }}</ref> The first Mexican firm to have its primary listing on the LSE,<ref>{{Cite news|url=http://www.thisismoney.co.uk/investing-and-markets/article.html?in_article_id=451070&in_page_id=3|title=Mexican to make waves on the Footsie|last=Fleming|first=Sam|date=28 August 2008|work=Daily Mail |location=UK|publisher=[[Associated Northcliffe Digital|This is Money]]|accessdate=21 September 2008}}</ref> Fresnillo is a constituent of the [[FTSE 100 Index]].


==History==
==History==
Formerly a wholly owned operating division of [[Peñoles|Industrias Peñoles]], a minority stake in the company was [[spin out|spun off]] on the [[London Stock Exchange]] in a May 2008 [[initial public offering|IPO]], with a secondary listing on the Mexican Stock Exchange on the same day.<ref>{{cite web|url=http://metalsplace.com/news/articles/19118/fresnillo-ipo-to-raise-us900-million/|title=Fresnillo IPO to raise US$900 million|publisher=Metals Place|date=14 April 2008|accessdate=24 March 2012}}</ref>
Formerly a wholly owned operating division of [[Peñoles|Industrias Peñoles]], a minority stake in the company was [[Corporate spin-off|spun off]] on the [[London Stock Exchange]] in a May 2008 [[initial public offering|IPO]], with a secondary listing on the Mexican Stock Exchange on the same day.<ref>{{cite web|url=http://metalsplace.com/news/articles/19118/fresnillo-ipo-to-raise-us900-million/|title=Fresnillo IPO to raise US$900 million|publisher=Metals Place|date=14 April 2008|access-date=24 March 2012|archive-url=https://archive.today/20120712181959/http://metalsplace.com/news/articles/19118/fresnillo-ipo-to-raise-us900-million/|archive-date=12 July 2012|url-status=dead}}</ref>


On 15 August 2012, [[Octavio Alvídrez]] took over as chief executive from Jaime Lomelín, following a handover period.<ref>{{Cite news|url=http://www.rttnews.com/1931544/fresnillo-ceo-jaime-lomel%C3%ADn-retires-quick-facts.aspx|title=Fresnillo CEO Jaime Lomelín Retires - Quick Facts|work=RTT News |date=26 June 2012|accessdate=28 November 2012}}</ref>
On 15 August 2012, Octavio Alvídrez took over as chief executive from Jaime Lomelín, following a handover period.<ref>{{Cite news|url=http://www.rttnews.com/1931544/fresnillo-ceo-jaime-lomel%C3%ADn-retires-quick-facts.aspx|title=Fresnillo CEO Jaime Lomelín Retires – Quick Facts|work=RTT News |date=26 June 2012|access-date=28 November 2012}}</ref>


==Operations==
==Operations==
The company operates three gold and silver mines in Mexico: the largest in terms of silver output is located near the city of [[Fresnillo]] in [[Zacatecas]], with the other mines at Cienega in [[Durango]] and Herradura in [[Sonora]]. In 2007 Fresnillo produced 34.3&nbsp;million [[Troy weight#Troy ounce|ounces]] of silver and 279,614 ounces of gold, as well as around 20 tons each of [[zinc]] and lead as by products from the three mines. Industrias Peñoles retained the rights to its primary base metals mines when Fresnillo was spun off.<ref name="prod">{{Cite web|url=http://www.fresnilloplc.com/IR_OI_PV_annual.html|title=Production volumes: annual|publisher=Fresnillo|accessdate=21 September 2008}} {{Dead link|date=October 2010|bot=H3llBot}}</ref> The company also has 21 active exploration projects located across the country,<ref name="prod" /> and has signalled plans to use the money raised in its IPO to expand into Peru and Chile.<ref>{{Cite news|url=http://us.ft.com/ftgateway/superpage.ft?news_id=fto050920081757173271|title=Fresnillo suffers 6% fall during London debut|last=Bream|first=Rebecca|date=9 May 2008|work=Financial Times |accessdate=21 September 2008}}</ref>
The company operates three gold and silver mines in Mexico (Industrias Peñoles retained the rights to its primary base metals mines when Fresnillo was spun off).<ref name="prod">{{Cite web|url=http://www.fresnilloplc.com/IR_OI_PV_annual.html|title=Production volumes: annual|publisher=Fresnillo|access-date=21 September 2008}} {{Dead link|date=October 2010|bot=H3llBot}}</ref> The largest mine, in terms of silver output, is [[Mina Proaño]] (also known as Fresnillo Mine), located near the city of [[Fresnillo]] in the state of [[Zacatecas]]; the other mines are at Cienega, in [[Durango]], and Herradura, in [[Sonora]]. In 2007, Fresnillo plc produced 34.3&nbsp;million [[Troy weight#Troy ounce|ounces]] of silver and 279,614 ounces of gold from its three active mines, as well as around 20 tons each of [[zinc]] and lead as by-products.<ref name="prod"/>

The company also has 21 active exploration projects located across the country.<ref name="prod" /> It signalled plans to use the money raised in its IPO to expand into Peru and Chile.<ref>{{Cite news|url=http://us.ft.com/ftgateway/superpage.ft?news_id=fto050920081757173271|title=Fresnillo suffers 6% fall during London debut|last=Bream|first=Rebecca|date=9 May 2008|work=Financial Times|access-date=21 September 2008|archive-url=https://web.archive.org/web/20110929155051/http://us.ft.com/ftgateway/superpage.ft?news_id=fto050920081757173271|archive-date=29 September 2011|url-status=dead}}</ref>

==Carbon footprint==
Fresnillo reported Total [[carbon footprint|CO2e emissions]] (Direct + Indirect) for 31 December 2020 at 842 Kt (-7 /-0.8% y-o-y).<ref name ="Fresnillo Total CO2e emissions for 2020Q4">{{Cite web |title=Fresnillo's Sustainability Report for 2020Q4 |archive-url=https://web.archive.org/web/20210524175423/http://www.fresnilloplc.com/media/488895/200421-fresnillo-ar2020-web.pdf |url=http://www.fresnilloplc.com/media/488895/200421-fresnillo-ar2020-web.pdf|archive-date=May 24, 2021 }} [https://analytics.exerica.com/App/Name/Fresnillo/Total%20CO2e%20Emissions%20-%20Location-Based%20Scope%201%20%2b%20Scope%202/2020Q4 Alt URL]</ref>

{| class="wikitable"
|+ Fresnillo's Total [[carbon footprint|CO2e emissions]] (Direct + Indirect) (in kilotonnes)
|-
! Dec 2018 !! Dec 2019 !! Dec 2020
|-
| 809<ref>{{Cite web |title=Fresnillo's Sustainability Report for 2019Q4 |archive-url=https://web.archive.org/web/20200922103616/http://www.fresnilloplc.com/media/451923/fres-33085-annual-report-2019-web.pdf |url=http://www.fresnilloplc.com/media/451923/fres-33085-annual-report-2019-web.pdf|archive-date=September 22, 2020 }} [https://analytics.exerica.com/App/Name/Fresnillo/Total%20CO2e%20Emissions%20-%20Location-Based%20Scope%201%20%2b%20Scope%202/2018Q4 Alt URL]</ref> || 848<ref>{{Cite web |title=Fresnillo's Sustainability Report for 2019Q4 |archive-url=https://web.archive.org/web/20200922103616/http://www.fresnilloplc.com/media/451923/fres-33085-annual-report-2019-web.pdf |url=http://www.fresnilloplc.com/media/451923/fres-33085-annual-report-2019-web.pdf|archive-date=September 22, 2020 }} [https://analytics.exerica.com/App/Name/Fresnillo/Total%20CO2e%20Emissions%20-%20Location-Based%20Scope%201%20%2b%20Scope%202/2019Q4 Alt URL]</ref> || 842<ref name="Fresnillo Total CO2e emissions for 2020Q4"/>
|}


==References==
==References==
{{reflist|30em}}
{{reflist}}


==External links==
==External links==
{{Portal|Companies}}
{{Portal|Companies}}
*[http://www.fresnilloplc.com Official site]
*{{Official website|www.fresnilloplc.com}}
*[http://finance.google.com/finance?q=LON:FRES Google Finance profile]
*[https://www.google.com/finance/quote/FRES:LON Google Finance profile]


{{FTSE 100 Index constituents}}
{{FTSE 100 Index constituents}}

{{Authority control}}


{{DEFAULTSORT:Fresnillo Plc}}
{{DEFAULTSORT:Fresnillo Plc}}
[[Category:Companies established in 2008]]
[[Category:Non-renewable resource companies established in 2008]]
[[Category:Mining companies of Mexico]]
[[Category:Companies based in Mexico City]]
[[Category:Companies based in London]]
[[Category:Silver mining companies of Mexico]]
[[Category:Silver mining companies]]
[[Category:Gold mining companies of Mexico]]
[[Category:Gold mining companies]]
[[Category:Companies listed on the London Stock Exchange]]
[[Category:Companies listed on the London Stock Exchange]]
[[Category:2008 establishments in Mexico]]
[[Category:Companies in the FTSE 100 Index]]

Latest revision as of 04:09, 10 June 2024

Fresnillo plc
Company typePublic limited company
LSE: FRES
FTSE 100 Component
IndustryMining
Founded2008; 16 years ago (2008)
Headquarters
  • London, United Kingdom (registered office)
  • Mexico City, Mexico (corporate headquarters)
Key people
ProductsPrecious metals
RevenueIncrease US$2,705.1 million (2023)[1]
Decrease US$142.5 million (2023)[1]
Decrease US$288.3 million (2023)[1]
ParentIndustrias Peñoles
Websitewww.fresnilloplc.com

Fresnillo plc is a Mexican precious metals mining company incorporated in the United Kingdom and headquartered in Mexico City. Fresnillo is the world's largest producer of silver from ore (primary silver) and Mexico's second-largest gold miner.[2] It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

History

[edit]

Formerly a wholly owned operating division of Industrias Peñoles, a minority stake in the company was spun off on the London Stock Exchange in a May 2008 IPO, with a secondary listing on the Mexican Stock Exchange on the same day.[3]

On 15 August 2012, Octavio Alvídrez took over as chief executive from Jaime Lomelín, following a handover period.[4]

Operations

[edit]

The company operates three gold and silver mines in Mexico (Industrias Peñoles retained the rights to its primary base metals mines when Fresnillo was spun off).[5] The largest mine, in terms of silver output, is Mina Proaño (also known as Fresnillo Mine), located near the city of Fresnillo in the state of Zacatecas; the other mines are at Cienega, in Durango, and Herradura, in Sonora. In 2007, Fresnillo plc produced 34.3 million ounces of silver and 279,614 ounces of gold from its three active mines, as well as around 20 tons each of zinc and lead as by-products.[5]

The company also has 21 active exploration projects located across the country.[5] It signalled plans to use the money raised in its IPO to expand into Peru and Chile.[6]

Carbon footprint

[edit]

Fresnillo reported Total CO2e emissions (Direct + Indirect) for 31 December 2020 at 842 Kt (-7 /-0.8% y-o-y).[7]

Fresnillo's Total CO2e emissions (Direct + Indirect) (in kilotonnes)
Dec 2018 Dec 2019 Dec 2020
809[8] 848[9] 842[7]

References

[edit]
  1. ^ a b c "Preliminary Results 2023". Fresnillo. Retrieved 5 March 2024.
  2. ^ "Mexico's Industrias Penoles to spin off Fresnillo in London IPO". Forbes. AFX News. 11 April 2008. Archived from the original on 22 June 2011. Retrieved 21 September 2008.
  3. ^ "Fresnillo IPO to raise US$900 million". Metals Place. 14 April 2008. Archived from the original on 12 July 2012. Retrieved 24 March 2012.
  4. ^ "Fresnillo CEO Jaime Lomelín Retires – Quick Facts". RTT News. 26 June 2012. Retrieved 28 November 2012.
  5. ^ a b c "Production volumes: annual". Fresnillo. Retrieved 21 September 2008. [dead link]
  6. ^ Bream, Rebecca (9 May 2008). "Fresnillo suffers 6% fall during London debut". Financial Times. Archived from the original on 29 September 2011. Retrieved 21 September 2008.
  7. ^ a b "Fresnillo's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on 24 May 2021. Alt URL
  8. ^ "Fresnillo's Sustainability Report for 2019Q4" (PDF). Archived from the original (PDF) on 22 September 2020. Alt URL
  9. ^ "Fresnillo's Sustainability Report for 2019Q4" (PDF). Archived from the original (PDF) on 22 September 2020. Alt URL
[edit]
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