Home / Business and Economy / Fresnillo Profits Soar on Record Precious Metal Prices
Fresnillo Profits Soar on Record Precious Metal Prices
3 Mar
Summary
- Pretax profit surged to $2.08 billion, up from $743.9 million.
- Average silver prices increased over 50%, gold prices rose 44%.
- Highest dividend since listing, totaling $950 million.
Fresnillo reported a significant surge in pretax profit for 2025, reaching $2.08 billion, a substantial increase from $743.9 million in the previous year. This remarkable financial performance was primarily fueled by record high prices for precious metals.
The company's average silver price saw an increase of over 50%, while gold prices climbed by 44%. These higher prices directly contributed to a 30.5% rise in revenue, which reached $4.56 billion.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) also experienced robust growth, increasing by more than 80% to $2.8 billion. Reflecting its strong profitability, Fresnillo announced its highest dividend payment since its 2008 listing, distributing $950 million, or 128.92 cents per share, to its shareholders.
In terms of production, Fresnillo's attributable silver output for the full year was 48.7 million ounces, aligning with its guidance. Attributable gold production for the full year, at 600,287 ounces, surpassed the company's projections.
