Fresnillo Share (FRES) Price Hits New High on Silver Rally and Strong Performance
Fresnillo PLC (LON:FRES) shares surged to a new high of 2,246p in early trading today, extending a remarkable rally that has seen the stock price increase by over 250% since the beginning of the year. The sustained upward momentum reflects a confluence of factors, including rising precious metal prices and improved operational performance.
The surge in silver and gold prices has been a significant tailwind for Fresnillo. As the world’s largest primary silver producer and Mexico’s second-largest gold miner, the company’s financial performance is intrinsically linked to the prices of these commodities. The recent strength in silver prices, in particular, has buoyed the stock.
Fresnillo’s 2024 financial results demonstrate a substantial…
