London-listed Mexican miner Fresnillo’s market value advanced from USD 1.1bn during the darkest hours of November 2008 to a peak of USD 8.7bn in the very early days of June 2009. Since then, there has been some kind of a trashing. For full story, click here
By Melissa Pistilli-Exclusive to Silver Investing News On Monday, gold‘s losses and the rebound in equities halted silver’s four-day rally. A stronger U.S. stock market drew investors out of precious metals into the equities markets as the appetite for risk improved. “Safe-haven flows seem to have ebbed out of the gold market,” said Jon Nadler, [...]
Mexico’s Fresnillo Plc, the world’s leading primary silver producer, has asked a Canadian authorities to set a three-week deadline for the completion of a valuation of MAG Silver so Fresnillo can make a formal takeover bid. For full story, click here
Silver and gold producer Fresnillo Plc. has declared that it has strongly rejected the statements made by MAG Silver Corp. on May 8, regarding Fresnillo’s proposed take-over of MAG. For full story, click here
MAG Silver Corp., declared that it has delivered a formal application for a hearing before the Ontario Securities Commission to compel Fresnillo to produce the critical information that relates to Fresnillo’s publicly disclosed plans to develop the Juanicipio joint venture property, owned jointly by MAG and Fresnillo, as part of its Fresnillo II regional mine [...]
London listed Mexican silver producer Fresnillo mines were reported to be opened despite the worsening outbreak of swine flu. Octavio Alvidrez, head of investor relations, stated: Fresnillo remains vigilant regarding the outbreak of swine flu. We have taken all appropriate precautionary measures, including postponing all non-essential travel. For full story, click here
Fresnillo Plc, the world’s leading silver producer announced first-quarter output surged 9.1 percent and this year’s total will increase compared with 2008. For full story, click here
Mexican miner Fresnillo Plc reported on Wednesday that it has successfully concluded 2009 wage negotiations with Mexico’s Mining and Metal Workers Union at its Herradura mine. For full story, click here
Silver miner Fresnillo is set to make a swift comeback to the FTSE 100 when the quarterly indexes reshuffle is unveiled next week. For full story, click here
Fresnillo’s financial position was undercut by a huge tax bill and foreign exchange losses. For more information, click here
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