Fresnillo Share Price (FRES)

Yes dimi this is the Newmont owned mine - I think we have alluded to this before in relation to bad practice - from memory the mine has such a low grade of silver per ton of ore that they have to use something like 100 times more water than Fres to produce an oz of silver. This in a country that has a severe water shortage - unforgivable. If you are are silver investor sell Newmont and buy FRES who operate with much respect for the environment. As your article shows the dam for the Newmont tailing is a total disgrace.

Problems at the 2nd largest silver mine in Mexico:

https://srsroccoreport.com/mexicos-second-largest-silver-mine-shuts-down-reopens-shuts-down-again/

Took the opportunity to add today - Silver price up nicely.

Yes jury is out COdey.
Due to PM increases if Fres realise average sell price of Gold $1500 and Silver $17.75 over H2.
Pre Tax Profit should come in at 290Million which would give Year End 360Million H1 was terrible.
Year 2018 was PreTax 484Million and the SP was on its way to £10 on that release.
360million is obviously not as good however if the PM value remains and production stays flat, a full year PreTax would be (with no more increases in costs) 580Million.
The PM's are the shot in the arm production should come good by how long will it take?

Was an odd start to the day. Share didn't know which way to go... hoped for a start instantly higher and it was instead left to a few retail investors to try and move the share. Now utterly in the ATs and just hoping they'll be pushing it higher on general news.

Still have concerns about the company progress to sort out their production issues but happy to see the sp higher on general world political doom!

Think jury's out as to whether this is 900 or 600 over the next six months.