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I could be wrong but is Fres hedged? I’ve looked through to the latter part of the 2023 results & there’s no mention. I’ve not found anything in articles.

This was from the 2023 yearly: “During 2023, the average realised silver price was US$23.6 and that for gold US$1,957.7, an increase of 8.8% and 8.8% respectively.”

That’s what the average price was at LMBA.

So last 3 interim dividends have been...

· 2021 Interim dividend of 9.90 US cents per share, totalling US$73.0m

· 2022 Interim dividend of 3.40 US cents per share, totalling US$25.1m (1H21: 73.0m).

· 2023 Interim dividend of 1.40 US cents per share, totalling US$10.3m (1H22: 25.0m).

So using Tornadotony's $45M estimate the divi could be around 5? Maybe even higher. I think SP will be increasing going into H1 results as we're the same SP as last year but gold/ silver is 20% higher now.

The peso is another positive. Will help profits in Q2 but also for the rest of the year. Even more so when Trump gets in.

My money is on inifinity888 after his tremendous attempt at pumping it across LSE yesterday.

back of *** packet estimation is that we’re the same price is was this time last year. last 6 months the mexican peso has gained 10% on the dollar and the average silver price is up 30% over the last 6 months. so as long as they’ve not messed up production they should be earning a lot more. even more so with silver and gold going into a fed rate cut.

adding to the dividend will be great to see.

Should come today.

Gold about to have a pop at ATH?

Looking forward to Q2 results but H2 prices are off to a flyer.

Fresnillo: FNLPF reported attributable silver production of 13.5 million ounces in the first quarter of 2024, up 2.7% year over year, aided by increased contribution from Juanicipio, the higher ore grade at San Julián Veins, and increased volume of ore processed at Saucito. Silver-equivalent ounces are expected to be 101-112 million in 2024. The new Juanicipio project has now been fully ramped up and is expected to boost the company’s silver production while lowering consolidated group costs. Fresnillo is investing in several projects to boost production and ensure steady growth in the coming years. Its focus on improving operational performance and efficiency is expected to reduce costs. FNLPF’s high-quality assets, ample mineral resources, competitive margins and disciplined approach to development will continue to drive growth.The Zacks Consensus Estimate for this Mexico-based company’s current-year earnings has shot up 700% in 90 days. The estimate suggests year-over-year growth of 54.8%. FNLPF carries a Zacks Rank #2 (Buy) at present.

It’s hilarious how the price drops and all the idiots jump on the message board at the same time. Coincidence I think not.

You say the rest is hmm but it’s just from 2,000metres of drilling and a nice spread across a lot of holes. Increases our chances of finding more pockets of valuable gold. The below are from 5 holes.

21m @14.93 grams per tonne ("g/t") Au from 3m (SNWRC0583)

· 3m @ 6.52 g/t from 10m (SNWRC0595)

· 4m @ 3.48 g/t from 50m (SNWRC0580)

· 26m @ 2.96 g/t Au from 21m (SNWRC0580)

· 19m @ 2.02 g/t Au from 38m (SNWRC0578)

· 12m @ 2.52 g/t Au from 44m (SNWRC0582)

Yan is back. That is a stunning grade from just 3metres down and is just what we needed at Yan.

Add this to our underground mining and this has got the potential to increase Yan mine life. Yan is not done yet!

That is a good RNS considering the situation. Back on track so we can take advantage of this gold price.

Maybe a stupid question but maybe some more experienced investors can help but I do wonder why the Fres 75% owners don’t just buy out the rest of it and take it private. At this price they can get it for peanuts & enjoy the silver squeeze themselves.

I’m shocked by the SP movement today but then again it’s doing ok on a low volume day. I’m sure it will move soon, just gutted I can buy anymore at this price.

Https://youtu.be/Zw_WIfbvxuM?si=Vz4u-2NdbYJhmj_w

Nice copy and paste Noel. Thanks for letting everyone know on all the other boards. Have you heard of Twitter and #?

Yes. Just added another top up. The gold/silver hit on Friday looked desperate.

Glad I loaded up my ISA.

Where does it go? Another 2 months run apparently.

https://www.youtube.com/watch?v=qjQSbyK2uUE

Sadly no MRE to discuss but I’m guessing it’s so big they could not do it in time.

I’ve added my final top up*. An easy decision compared to what the shorts must be thinking today. How much will they try and close before MRE lands?

*most likely a lie.