Latest news with #Fresnillo
Yahoo
24-07-2025
- Business
- Yahoo
Could these gold stocks beat the market in what's left of 2025?
The stock market's been red-hot in 2025, buoyed by… well, Trump's tariffs not being as bad as they could have been. In fact, the market's so hot in places, notably the US, I'm holding more cash than usual. Beneath this market exuberance lies a growing risk of a market correction or downturn. Hence my cash holding. And when equity markets falter, investors often turn to gold as a safe haven, driving the precious metal's price sharply higher. The rationale's clear: gold historically thrives in periods of uncertainty, inflationary pressures, and geopolitical tensions. These are conditions that remain prevalent today. In fact, gold prices have surged over 30% year-to-date, reaching a new psychological barrier above $3,000 per ounce, with some forecasting $4,000/oz into 2026. Central bank buying, ETF inflows, and de-dollarisation trends underpin the bullish outlook, setting the stage for gold and its miners to potentially outperform if stocks retreat. However, if this red hot stock market takes a nasty turn, the outlook could become even more bullish. Gold miners are already winning Against this backdrop, gold mining stocks have already outperformed many sectors, but there could still be room to run. Among the key London-listed gold stocks, Fresnillo (LSE:FRES) could be an attractive proposition to consider. With a market capitalisation approaching £11bn, Fresnillo is Mexico's largest precious metals producer and a major player in both gold and silver markets. The company's solid operational discipline and cost controls have contributed to vastly improved operational performance. Adjusted revenue rose 27% to $3.6bn, while gross profit more than doubled to over $1.2bn. Naturally, this was helped by improving gold and silver prices. Fresnillo benefits from exposure to rising gold prices but also enjoys diversification through its significant silver production. This dual commodity exposure helps smooth revenue volatility. Although the recent production challenges at its Sabinas mine warrant monitoring, the company's strong balance sheet and focus on efficient operations position it well to navigate potential challenges. Management's indicated a willingness to return capital to shareholders as growth projects mature, suggesting the potential for dividends or buybacks that could add further appeal to investors. Room to run Smaller gold producers like Greatland Gold and Hochschild Mining have posted impressive gains in 2025, buoyed by rising gold prices. And if gold continues its upward trajectory amid macroeconomic uncertainty, Fresnillo and its peers could outperform the broader market. Ironically, the company's with the weaker balance sheet may perform best if gold rises further. The new price environment fundamentally changes the value proposition for some gold miners. Personally, I believe I need to do some more research into these individual stocks before making a decision. However, I certainly believe there could be value in holding more gold-focused investments in my portfolio. Despite this, I'm aware of that these stocks could plummet if gold reverses. It requires close monitoring. The rewards however, could be great. If gold goes up, it could beat the market. The post Could these gold stocks beat the market in what's left of 2025? appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool James Fox has no position in any of the shares mentioned. The Motley Fool UK has recommended Fresnillo Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025
Globe and Mail
23-07-2025
- Business
- Globe and Mail
MAG Announces Second Quarter 2025 Production From Juanicipio
VANCOUVER, British Columbia, July 23, 2025 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) ('MAG' or 'MAG Silver') reports production from Juanicipio (56% / 44% Fresnillo plc ('Fresnillo') and MAG, respectively) for the second quarter ('Q2') ended June 30, 2025. All results below on a 100% basis unless otherwise stated. Safety incident: It is with deep sorrow that we confirm the tragic loss of a valued colleague in a fatal incident at Juanicipio in July. Our hearts go out to his family, friends, and teammates during this incredibly difficult time. Together with Fresnillo, we are offering our full support to those affected, including counseling services and other resources, and remain in close contact with the family to provide ongoing assistance. The safety and well-being of our people is our highest priority. Every team member deserves to return home safely at the end of each shift. In response to this tragedy, a full investigation was immediately launched to understand the circumstances surrounding the incident, and all relevant authorities were promptly notified. This loss is a stark and painful reminder of the critical importance of building a culture of safety in everything we do. We honour our colleague's memory by strengthening our determination and processes to ensure that such a tragedy never happens again. Steady milling performance: The Juanicipio plant processed 343 thousand tonnes ('kt') of ore in Q2, a slight increase over the prior quarter and consistent with nameplate capacity of 4,000 tonnes per day. Robust head grades: Silver head grade averaged 417 grams per tonne ('g/t') during the quarter maintaining the top end of 2025 grade guidance with year-to-date silver head grade of 423g/t. Gold grades held steady, while lead and zinc grades improved materially, demonstrating the strength of Juanicipio's polymetallic mineralization. Strong metal output: Preliminary Q2 production included 4.3 million ounces of silver and 10,465 ounces of gold. Lead and zinc production rose 9% and 21% quarter-over-quarter, respectively. H1 momentum maintained: First half 2025 production of 8.8 million ounces of silver and 20,663 ounces of gold positions Juanicipio well to meet full year production guidance. Comprehensive financial and operational results are expected to be released on August 11, 2025. 'Juanicipio continues to fire on all cylinders and continues to demonstrate its versatility as a high-quality, silver-dominant polymetallic operation,' said George Paspalas, MAG Silver's President and CEO. 'We delivered another strong quarter of consistent throughput, solid metal contributions, and silver grades right at the top end of our 2025 guidance range. However, the tragic fatality that occurred in July has deeply impacted all of us. While we are proud of the operational performance, our thoughts are foremost with the family, friends, and colleagues of our lost teammate. This painful loss reinforces the absolute importance of safety in everything we do. As we carry forward the positive momentum into the second half of the year, we do so with a renewed commitment to ensuring that every person goes home safely, every single day.' Production highlights: 1 Lead recovered to lead concentrate. 2 Zinc recovered to zinc concentrate. Qualified Person: All scientific or technical information in this press release is based upon information prepared by or under the supervision of, or has been approved by Gary Methven, who is a 'Qualified Person' for purposes of National Instrument 43-101, Standards of Disclosure for Mineral Projects ('National Instrument 43-101' or 'NI 43-101'). Mr. Methven is not independent as he is Vice President, Technical Services of MAG. About MAG Silver Corp. ( MAG Silver Corp. is a growth-oriented Canadian mining and exploration company focused on advancing high-grade, district scale precious metals projects in the Americas. MAG is a top-tier primary silver mining company through its (44%) joint venture interest in the 4,000 tonnes per day Juanicipio Mine, operated by Fresnillo plc (56%). The mine is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp, where in addition to mining and processing operations, an expanded exploration program is in place targeting multiple highly prospective targets. MAG is also executing multi-phase exploration programs at the 100% earn-in Deer Trail Project in Utah and the 100% owned Larder Project, located in the historically prolific Abitibi region of Canada. Neither the Toronto Stock Exchange nor the NYSE American has reviewed or accepted responsibility for the accuracy or adequacy of this press release, which has been prepared by management. This release includes certain statements that may be deemed to be 'forward-looking statements' within the meaning of the US Private Securities Litigation Reform Act of 1995 or 'forward-looking information' within the meaning of applicable Canadian securities legislation (collectively, 'forward-looking statements'). All statements in this release, other than statements of historical facts are forward looking statements, including statements regarding: provisional estimates relating to production at Juanicipio for Q2 2025, including anticipated silver head grade and processing rates of development materials, future mineral production, and events or developments; the release of more comprehensive cost and production guidance on the timeline contemplated herein, if at all; the long term potential of the Juanicipio project; and the anticipated future delivery of consistent performance, optimized costs and shareholder value. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although MAG believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements identified herein include, but are not limited to, risks related to the control of Juanicipio cashflows and operations through a joint venture in which the Company is a non-operator; there being no guarantee of the surface rights for the Juanicipio property or in the Company's ability to obtain and maintain all necessary licences and permits that may be required to carry out its business activities at the Juanicipio Mine; risks related to maintaining a positive relationship with the communities in which the Company operates; risks related to the Company's decision to participate in the processing and production of the Juanicipio Mine; risks related to the limited operating history at Juanicipio; geotechnical risks associated with the operation of the Juanicipio Mine and related civil structures; labour risks; changes in applicable laws; risks to title, challenge to title or potential title disputes at Juanicipio; continued availability of capital and financing; and general economic, market or business conditions; political risk; currency risk; capital cost inflation and those other risks disclosed in MAG Silver's filings with the Securities Exchange Commission and Canadian securities regulators. All forward-looking statements contained herein are made as at the date hereof and MAG Silver undertakes no obligation to update the forward-looking statements contained herein. There is no certainty that any forward-looking statement will come to pass, and investors should not place undue reliance upon forward-looking statements.
Daily Mail
14-07-2025
- Business
- Daily Mail
Silver miner Fresnillo takes gains to 150% as price of the precious metal hits a 14-year high
Fresnillo cemented its status as the best- performing FTSE 100 stock so far this year as the price of silver hit a 14-year high. Shares in the Mexican gold and silver miner rose 1.7 per cent, or 26p, to 1542p in London – taking gains for 2025 to 149 per cent. That puts it ahead of Britain's leading defence and aerospace groups on the Footsie leaderboard for the year with Babcock up 119 per cent, Rolls-Royce 76 per cent and BAE Systems 66 per cent. Fresnillo has benefited from rising gold and silver prices as concerns about international trade, military conflict and the global economy send investors to the apparent safety of assets such as precious metals. Silver rose above $39 an ounce yesterday, to its highest level since September 2011, while gold topped $3,370 per ounce having hit an all-time high of $3,500 earlier in the year. The latest moves came after Donald Trump threatened to impose a 30 per cent tariff on imports from the European Union and Mexico from August 1.
Daily Mail
14-07-2025
- Business
- Daily Mail
FTSE 100 defies gloom and nears record 9,000 points while bitcoin reaches all-time high
The FTSE 100 defied the gloom taking hold of European markets after President Trump imposed new import levies. The UK blue-chip index is closing in on a record high of 9,000 points, trading 0.38 per cent higher this morning and is up 8.65 per cent in the year-to-date. France's CAC index slipped 0.52 per cent while Germany's DAX dropped 0.7 per cent after Trump suggested imports from Mexico and the European Union will be hit with levies of 30 per cent from the beginning of next month. The UK, by contrast, has reached an agreement on a 10 per cent tariff and exemptions for certain industries. The FTSE 100 reached record highs and is closing in on 9,000 points 'Unlike their counterparts across the Channel, British companies should be able to operate with greater certainty around trade, and exports may be diverted through the UK,' says AJ Bell's investment analyst Dan Coatsworth. 'This might act as a push for foreign companies to invest in manufacturing and logistics facilities in the UK.' Mining company Fresnillo was among the top performers on the FTSE this morning, rising 2.82 per cent as silver prices extended their run and reached a 14-year high. There is also growing optimism that the Bank of England could cut rates faster than initially expected, after comments made by Governor Andrew Bailey over the weekend. He said policymakers were watching out for the effects of the job market following the increase to employer National Insurance contributions/ Susannah Streeter, head of money and markets, Hargreaves Lansdown said: 'There is an indication it may be helping to stem hot wage increases, which have been a cause for concern for the Bank. 'A weakening labour market and a slowing economy could give decision makers the confidence to reduce borrowing costs more rapidly.' Elsewhere, bitcoin has exceeded $122,000 for the first time as 'Crypto Week' in the US gets underway. Investors may be expecting significant developments, as lawmakers discuss the Digital Asset Market Clarity Act, which aims to establish a regulatory framework, and the Genius Act, which will look at stablecoins. Bitcoin has also been boosted by strong inflows into Bitcoin ETFs, which were approved last year, and a stronger economic backdrop. 'The pace of gains in recent weeks reflects not just growing demand, but the growing maturity of bitcoin as an asset class,' says Josh Gilbert, market analyst at eToro. 'Institutional adoption is growing, and this is the first real bull market where institutional participation is front and centre. 'Importantly, retail adoption is still only getting started. Bitcoin as an asset in an investment portfolio is still in its infancy, and that in itself creates a huge opportunity for bitcoin and crypto to flourish over the next decade. 'This is just the beginning of widespread adoption, seamless integration with traditional finance, and robust regulatory frameworks.'
Reuters
11-07-2025
- Business
- Reuters
UK shares trade lower with eyes on GDP data, widening trade war
July 11(Reuters) - London's main stock indexes slipped on Friday as weaker-than-expected GDP data and escalating U.S.-led trade tensions weighed on sentiment, a day after the blue-chip FTSE 100 hit a record high. The internationally oriented FTSE 100 (.FTSE), opens new tab fell 0.5% by 0925 GMT but was on track for a third week of gains. The midcap index (.FTMC), opens new tab dropped 0.3% and was also set for weekly gains. Britain's economy shrank for a second consecutive month in May, as declines in industrial output and construction outweighed growth in services, adding to domestic challenges for Finance Minister Rachel Reeves. "It will now take something quite special for the UK to avoid an outright contraction in GDP in Q2, which doesn't appear at all likely quite frankly given the perfect storm of downside risks," said Matthew Ryan, head of market strategy at global financial services firm Ebury. Meanwhile, U.S. President Donald Trump ramped up his trade war by announcing 35% tariffs on Canada on Thursday, while adding that blanket tariffs of 15% or 20% would be implemented on most other trading partners. Sectoral gains on Friday were led by precious metal miners (.FTNMX551030), opens new tab with safe-haven gold rising on the expanding trade war. Fresnillo (FRES.L), opens new tab added 2% while Hochschild (HOCM.L), opens new tab and Endeavour rose 1.6% and 1%, respectively. Energy giant BP (BP.L), opens new tab shares rose 2.3% to top of the blue-chip after the company forecasted a higher upstream output production for second-quarter driving gains for oil and gas stocks (.FTNMX601010), opens new tab. Losses on the day were led by personal good stocks (.FTNMX402040), opens new tab with luxury brand Burberry (BRBY.L), opens new tab dropping 2.2%. Dr. Martens (DOCS.L), opens new tab fell 1.5%. Traders are currently pricing in a 78.6% chance of a rate cut during August's Bank of England meeting, according to data compiled by LSEG. Among individual stocks, restaurant chain operator SSP Group (SSPG.L), opens new tab was the top loser on the midcap, falling 6.6% after UBS downgraded it to "sell". ($1 = 0.7384 pounds)
