Fresnillo profit boosted by higher prices, output

LSE-listed Fresnillo, the biggest primary silver producer, double its earnings for 2010, after silver and gold prices rose and the company's production volumes rose.

Fresnillo sets new records for Q3 silver, gold output

LSE-listed Fresnillo, the biggest primary silver miner, produced a best-ever 10,69-million ounces of the precious metal, as well as 91 822 oz of gold in the third quarter, the company reported on Wednesday. Fresnillo said it is on track to...

Mag Silver appoints VP for operations

Canadian junior Mag Silver has appointed Michael Petrina as vice-president of operations, the firm said on Friday. Petrina was most recently vice-president of mining at Hawthorne Gold.

Ball's in Goldcorp's court after Canplats gets better offer

Vancouver-based Goldcorp has until December 31 to decide whether it will match a competing offer for junior Canplats Resources, after a joint venture owned by Fresnillo and Newmont Mining trumped the gold-miner's earlier bid. In November,...

Fresnillo could beat target of doubling output by 2018

Fresnillo, the world's biggest primary silver producer, remains committed to its goal of doubling silver-equivalent output within ten years, and may even exceed the target if it dabbles in acquisitions or joint ventures that add to production, CEO...

Daily podcast – June 22, 2009

In today's podcast: mining giant Xstrata wants talks with mining rival Anglo American about a proposed merger of equals worth about $68-billion; and Gold Fields' Driefontein mine, near Carletonville, remains closed following the death of two...

Fresnillo drops bid for MAG Silver

Silver miner Fresnillo has withdrawn its offer to buy Vancouver-based junior MAG Silver, after deciding the transaction is “no longer in the best interests” of its own shareholders. “Fresnillo's decision reflects the fact that even after...

Fresnillo slams MAG's 'inappropriate delaying tactic'

Silver-miner Fresnillo has asked the Ontario Securities Commission to review a decision by Vancouver-based MAG Silver, which said earlier this week it would suspend work on an independent valuation of itself. The valuation was required after...

Fresnillo silver output slid in Q4, mulls acquisitions

Precious-metals-miner Fresnillo produced 8,49-million ounces of silver in the final three months of 2008, 2,4% less than a year earlier, after mining lower grades at one mine and a one-day strike at another. However, full-year production rose to...

MAG 'mystified' by Fresnillo offer

Vancouver's MAG Silver insisted on Thursday that it had no discussions with its joint-venture partner and the world's biggest primary silver producer, Fresnillo, about a potential buyout of the smaller company. Fresnillo has said that it will...

MAG Silver to meet advisers on Fresnillo takeover plans

Vancouver-based MAG Silver will meet with its advisers "shortly" to come up with a response to an announcement by the world's biggest primary silver producer, Fresnillo, that it plans to buy all the shares of MAG that it does not already own....

Silver miner Fresnillo lifts H1 profit 56%

The world's biggest primary silver producer, London-listed Fresnillo plc, posted net income for the first six months of this year of $141-million, an increase of 56% from a year earlier, after higher silver prices buoyed earnings. The company...