Given that most silver is a by-product of mining for copper, gold, zinc and lead, analysts at Capital Economics believe that higher prices for industrial metals will see silver output bounce back by 3% in 2018 after a fall of 4% in 2017.
(WebFG News) - Silver production at Fresnillo rose 14% on the year in the first quarter, but fell compared to the previous quarter, the company said on Wednesday, as it reaffirmed its full-year guidance.
The Investment Association (IA) has written to one in 10 companies in the FTSE 350 - including BP - urging them to set out plans to appoint more senior female managers or face unrest at shareholder meetings.
Fresnillo: RBC Capital Markets upgrades to sector perform with a target price of 1,200p.
Goldman Sachs' commodities analysts have turned positive on gold for the first time in five year, as the yellow metal's dislocation from US interest rates "is here to stay".
Sky: Liberum upgrades to buy with a target price of 1,250p.
Precious metals miner Fresnillo reported a small jump in full-year pre-tax profit on Tuesday amid record silver production.
Next plc: RBC Capital Markets upgrades to outperform with a target price of 5,500p.
Financial services were the top moving sector on the London bourse on Wednesday, led higher by LSE after Morgan Stanley said in an earnings preview that it sees upside surprise as we head into FY17 results on 2 March.
Mexico-based precious metals mining company Fresnillo reported record annual silver production in its fourth quarter production update on Wednesday, totalling 58.7 moz including Silverstream.
Antofagasta: Macquarie reiterates Neutral with a target price of 920p.
Precious metals miner Fresnillo posted a rise in the production of silver and gold for the third quarter on Wednesday as it said it remains on course to achieve its output targets for 2017.
Fresnillo worked to reassure investors over the security of its operations on Thursday, after a fatal and devastating earthquake hit Mexico City on Tuesday.
Investors in precious metals miners' shares had a glint in their eye on Wednesday as Pyongang continued to make provocative remarks, with reports indicating the Hermit Kingdom was studying a possible missile strike against the US Pacific territory of Guam.
Fresnillo reported some solid numbers in its first half on Thursday, with adjusted revenue rising 11.5% to $1.07bn, while gross profit and EBITDA rose 16.6% and 10.2% respectively to $460m and $522.5m.
Analysts at Citi stuck by their 'sell' recommendation on Fresnillo stock, pointing to the shares' "expensive" valuation and inability to boost cash returns beyond the "normal" payout.
Quarterly silver production at Fresnillo was up 11.7% year-on-year in the second quarter to 14.5 Moz including Silverstream, the company reported on Wednesday, with first half production up 11.2% year-on-year.
Investors in Fresnillo were gathering in London for the company's annual general meeting on Tuesday, with Alberto Baillères set to update them on the firm's progress amid a period of volatile metals prices.
Fresnillo's gold production fell in the first quarter although silver increased and the miner said it remained on track to meet its full 2017 production guidance.
Equities in London ended Thursday mixed, ahead of the Easter weekend, as investors headed for safe-haven assets after US President Donald Trump said the dollar was over valued.