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Complete financial analysis of Fresnillo plc (FNLPF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Fresnillo plc, a leading company in the Other Precious Metals industry within the Basic Materials sector.
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Fresnillo plc (FNLPF)
About Fresnillo plc
Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Other. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; and San Julián silver-gold mine situated on the border of Chihuahua/Durango states. The company has mining concessions covering an area of approximately 1.7 million hectares of surface land in Mexico. It also leases mining equipment; produces gold/silver doré bars; and provides administrative services. The company was founded in 1887 and is headquartered in Mexico City, Mexico. Fresnillo plc is a subsidiary of Industrias Peñoles S.A.B. de C.V.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.71B | 2.43B | 2.70B | 2.43B | 2.12B | 2.10B | 2.09B | 1.91B | 1.44B | 1.41B | 1.62B | 2.16B | 2.19B | 1.41B | 849.94M | 720.48M | 647.94M | 1.09B | 717.65M |
| Cost of Revenue | 2.21B | 1.90B | 1.77B | 1.55B | 1.66B | 1.32B | 1.17B | 1.02B | 1.01B | 892.65M | 847.73M | 806.70M | 629.20M | 430.18M | 321.63M | 299.87M | 240.05M | 431.12M | 336.60M |
| Gross Profit | 499.76M | 536.02M | 936.93M | 879.37M | 461.71M | 780.73M | 925.41M | 882.12M | 433.07M | 521.05M | 767.44M | 1.35B | 1.56B | 979.37M | 528.32M | 420.61M | 407.88M | 657.01M | 381.05M |
| Gross Profit Ratio | 18.47% | 22.03% | 34.66% | 36.19% | 21.78% | 37.11% | 44.21% | 46.29% | 29.98% | 36.86% | 47.51% | 62.61% | 71.30% | 69.48% | 62.16% | 58.38% | 62.95% | 60.38% | 53.10% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 939.64K | 0.00 | 0.00 | 0.00 | 133.99M | 82.11M | 49.06M | 53.48M | 104.44M | 0.00 | 0.00 |
| General & Administrative | 136.78M | 98.37M | 104.96M | 93.41M | 96.44M | 83.34M | 72.71M | 44.00M | 47.75M | 67.54M | 62.24M | 53.21M | 49.98M | 47.70M | 49.87M | 81.68M | 0.00 | 3.68M | 982.76K |
| Selling & Marketing | 34.02M | 25.62M | 25.04M | 24.11M | 22.85M | 21.24M | 19.11M | 16.28M | 13.69M | 13.61M | 6.95M | 6.31M | 6.53M | 4.89M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 170.80M | 123.99M | 129.99M | 117.51M | 119.29M | 104.58M | 91.82M | 60.28M | 61.44M | 81.15M | 69.20M | 59.52M | 56.52M | 52.59M | 49.87M | 81.68M | 0.00 | 3.68M | 982.76K |
| Other Expenses | 186.47M | 115.41M | 144.11M | 112.18M | 165.12M | -257.00K | -2.46M | -2.36M | -2.41M | -3.46M | 110.00K | 2.87M | 1.59M | 1.14M | 1.76M | 1.22M | 71.44M | 1.56M | 1.55M |
| Operating Expenses | 357.27M | 239.40M | 274.10M | 229.69M | 284.41M | 282.02M | 238.93M | 199.19M | 223.57M | 275.48M | 279.34M | 303.91M | 199.75M | 145.16M | 99.42M | 138.05M | 175.87M | 88.38M | 64.26M |
| Cost & Expenses | 2.56B | 2.14B | 2.04B | 1.78B | 1.94B | 1.61B | 1.41B | 1.22B | 1.23B | 1.17B | 1.13B | 1.11B | 828.95M | 575.35M | 421.04M | 437.92M | 415.93M | 519.50M | 400.86M |
| Interest Income | 46.32M | 25.46M | 8.80M | 12.25M | 24.17M | 15.58M | 11.37M | 4.54M | 1.78M | 7.46M | 6.12M | 12.27M | 8.17M | 3.89M | 1.66M | 8.86M | 16.18M | 37.50M | 10.69M |
| Interest Expense | 84.54M | 78.88M | 60.91M | 79.83M | 53.71M | 46.30M | 47.51M | 39.48M | 44.56M | 54.62M | 15.07M | 3.92M | 9.24M | 3.48M | 1.90M | 10.52M | 1.12M | 7.15M | 5.51M |
| Depreciation & Amortization | 498.47M | 507.62M | 531.67M | 561.41M | 521.79M | 402.89M | 398.44M | 326.91M | 331.21M | 295.45M | 239.35M | 253.89M | 172.07M | 105.22M | 67.23M | 51.91M | 49.87M | 81.14M | 58.46M |
| EBITDA | 697.03M | 829.22M | 1.18B | 1.25B | 768.54M | 919.07M | 1.22B | 1.01B | 557.44M | 629.04M | 668.73M | 1.30B | 1.56B | 940.48M | 483.11M | 328.19M | 286.69M | 661.28M | 402.22M |
| EBITDA Ratio | 25.77% | 33.78% | 44.29% | 44.20% | 31.76% | 43.69% | 50.59% | 53.27% | 35.02% | 37.07% | 45.02% | 60.47% | 71.08% | 66.69% | 59.68% | 45.63% | 44.68% | 61.21% | 56.05% |
| Operating Income | 142.50M | 283.59M | 666.73M | 649.68M | 171.73M | 506.70M | 709.31M | 676.46M | 200.44M | 245.58M | 488.10M | 1.05B | 1.36B | 833.46M | 428.76M | 283.58M | 224.61M | 555.38M | 331.52M |
| Operating Income Ratio | 5.27% | 11.66% | 24.67% | 26.74% | 8.10% | 24.08% | 33.88% | 35.50% | 13.88% | 17.37% | 30.22% | 48.52% | 62.07% | 59.13% | 50.45% | 39.36% | 34.67% | 51.04% | 46.20% |
| Total Other Income/Expenses | -28.48M | -35.02M | -55.20M | -98.43M | 7.03M | -22.77M | 32.18M | 41.79M | 11.92M | 5.49M | -69.39M | -26.72M | 173.50M | 188.91M | 28.66M | -16.22M | 11.09M | 17.61M | 11.32M |
| Income Before Tax | 114.02M | 248.57M | 611.53M | 551.25M | 178.76M | 483.93M | 741.49M | 718.24M | 212.35M | 251.07M | 418.71M | 1.16B | 1.53B | 1.02B | 457.42M | 267.36M | 235.70M | 572.98M | 342.84M |
| Income Before Tax Ratio | 4.21% | 10.22% | 22.62% | 22.68% | 8.43% | 23.00% | 35.42% | 37.69% | 14.70% | 17.76% | 25.92% | 53.97% | 69.98% | 72.53% | 53.82% | 37.11% | 36.38% | 52.66% | 47.77% |
| Income Tax Expense | -178.48M | -59.72M | 173.04M | 175.67M | -27.06M | 133.96M | 180.68M | 293.28M | 142.96M | 133.97M | 157.69M | 318.98M | 495.77M | 272.97M | 99.15M | 114.58M | 74.68M | 171.69M | 60.98M |
| Net Income | 233.91M | 271.90M | 421.21M | 374.12M | 204.00M | 349.85M | 560.58M | 426.99M | 70.52M | 108.45M | 240.45M | 741.22M | 901.75M | 665.13M | 322.01M | 127.95M | 143.50M | 381.23M | 234.25M |
| Net Income Ratio | 8.65% | 11.18% | 15.58% | 15.40% | 9.62% | 16.63% | 26.78% | 22.41% | 4.88% | 7.67% | 14.89% | 34.36% | 41.13% | 47.19% | 37.89% | 17.76% | 22.15% | 35.04% | 32.64% |
| EPS | 0.33 | 0.36 | 0.56 | 0.54 | 0.29 | 0.47 | 0.76 | 0.58 | 0.10 | 0.15 | 0.33 | 1.03 | 1.26 | 0.93 | 0.45 | 0.19 | 0.23 | 0.53 | 0.33 |
| EPS Diluted | 0.33 | 0.36 | 0.56 | 0.54 | 0.29 | 0.47 | 0.76 | 0.58 | 0.10 | 0.15 | 0.33 | 1.03 | 1.26 | 0.93 | 0.45 | 0.19 | 0.23 | 0.53 | 0.33 |
| Weighted Avg Shares Out | 736.89M | 736.89M | 736.89M | 736.89M | 736.89M | 736.89M | 736.89M | 736.89M | 736.89M | 736.89M | 730.24M | 717.16M | 717.16M | 717.16M | 717.16M | 687.69M | 634.27M | 717.16M | 717.16M |
| Weighted Avg Shares Out (Dil) | 736.89M | 736.89M | 736.89M | 736.89M | 736.89M | 736.89M | 736.89M | 736.89M | 736.89M | 736.89M | 730.24M | 717.16M | 717.16M | 717.16M | 717.16M | 687.69M | 634.27M | 717.16M | 717.16M |
Top primary silver producer Fresnillo's profit down in 2022 due to challenging operational and economic environment
(Kitco News) - Fresnillo (LSE: FRES), the world's largest primary silver producer, announced today that in 2022, its attributable silver production of 53.7 moz (including Silverstream) was in line with guidance and slightly above 2021 (53.1 moz) with production from...
Fresnillo reports drop in sales and profits for 2022, cites volatile precious metals prices and inflation
Fresnillo PLC (LSE:FRES) boosted silver production at its Mexican operations by 1.2% to 53.7mln ounces in the year to December 2022. Gold production fell by 15% to just under 636,000 ounces.
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Despite the ongoing downtrend in silver prices weighing on the near-term prospects of the Zacks Mining - Silver industry, FNLPF, BVN and VZLA are likely to gain from solid growth projects, efforts to improve operational efficiency and lower costs.
Fresnillo increases silver production in 2022 as gold production down 15.3%
(Kitco News) - Fresnillo (LSE: FRES), the world's largest primary silver producer, announced today that in 2022, its attributable silver production of 53.7 moz (including Silverstream) was in line with guidance and slightly above FY21 (53.1 moz) with production from...
Fresnillo costs soar as inflation and labour laws take toll
Fresnillo, the Mexico-based silver and gold miner, said today its costs in the second half of 2022 had jumped by 20% due to inflation, labour reforms and higher stripping costs. Production for the year to end December was in line with...
Fresnillo downgraded to “sell” as cost forecasts are too low, UBS says
Fresnillo PLC (LSE:FRES), the world's largest silver ore producer, has been downgraded to “sell” by UBS on concerns it will continue to "underperform, underestimate costs, and stretch silver production guidance". “Operational issues and guidance downgrades have caused FRES to underperform gold...
Top silver producer Fresnillo says full load commissioning has started at Juanicipio
(Kitco News) - From 2023 onwards, Juanicipio will be an increasingly major influence in Fresnillo's operations, with total average annual silver and gold production of 11.7 moz and 43.5 koz respectively over the life of mine.
Fresnillo increases silver production in third quarter, maintains its 2022 guidance
(Kitco News) - Fresnillo (LSE: FRES), the world's largest primary silver producer, announced today that in Q3 2022, its attributable silver production of 13.6 moz increased 7.4% vs. Q3 2021 due to the higher contribution from Juanicipio, higher ore processed...
Fresnillo expects Juanicipio to commence the end of October
(Kitco News) - Octavio Alvídrez, CEO of Fresnillo said the final tie-in to the electrical grid have been completed and all systems are ready to be energised.
Fresnillo says more electrical testing needed before Juanicipio mine can be tied into grid
Fresnillo PLC (LSE:FRES), the world's largest primary silver producer, said Mexico's state-owned electricity regulator had requested additional testing before the Juanicipio underground mine can be tied into the electrical grid. “Based on the timing of these tests, we expect that power...
Source: https://incomestatements.info
Category: Stock Reports