Fresnillo plc

5 August 2025
Fresnillo plc interim results for the six months to 30 June 2025
Octavio Alvídrez, Chief Executive Officer, commented:
?I am pleased to report a strong operating and financial result in the first half of 2025. Our
profitability has significantly improved, driven not only by favourable precious metals
prices but also by a consistent operational performance and rigorous cost discipline. This
has led to a substantial free cash flow generation. Our balance sheet remains robust, with
ample liquidity, allowing us to declare an interim dividend of US20.8 cents per share in
line with our policy. On the operational front, gold production saw impressive growth
through optimised operations, particularly at Herradura, while silver production was
partially impacted by the planned closure of San Julián DOB, and the lower contribution
from the Fresnillo mine and the Silverstream. Looking ahead, we have increased gold
production guidance for the year to reflect the continued strong performance at Herradura,
and we have adjusted silver production guidance to reflect the end of Silverstream
contributions following the buyback agreement with Peñoles. In terms of equivalent silver
ounces, our 2025 guidance remains unchanged. These results highlight our steadfast focus
on productivity, cost control, and creating lasting value for our shareholders.?
First half highlights
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https://www.fresnilloplc.com/media/ouclifbc/...h25-interim-report.pdf