Business
Fresnillo Interim Results
Fresnillo Interim Results.
About this update from Fresnillo Plc
[{"type":"text","content":"\n RNS Number : 4014Q Fresnillo PLC 03 August 2010 \n \n\n Fresnillo plc\n28 Grosvenor Street\nLondon W1K 4QR\nUnited Kingdom\nwww.fresnilloplc.com\n \n3 August 2010\n \nFresnillo plc interim results \nfor the six months to 30 June 2010\n \nFinancial highlights (H1 2010/H1 2009 comparisons)\n· Average realised silver price US$17.93 per oz, up 28.8%. \n· Average realised gold price US$1,171.9 per oz, up 27.4%. \n· Adjusted Revenue* of US$636.3m, up 49.4%.\n· Revenue of US$605.7m, up 59.9%.\n· Gross Profit of US$401.5m, up 82.4%.\n· EBITDA** up 92.7% to US$392.0m.\n· EBITDA margins increased to 64.7% in 1H10 from 53.7 % in 1H09. \n· Profit for the period of US$258.9m, up 88.8%. \n· Cash generated by operations before changes in working capital US$419.9m, up 79.2%.\n· Earnings per share 30.8 US cents, up by 82.2%.\n· Interim dividend 9.20 US cents per share, up by 75.2%.\n \nOperational highlights\n· First half record attributable silver production of 19.1 million ounces.\n· Record attributable gold production of 176,351 ounces, up 32.7%. \n· On track to achieve full year production targets of 38moz of silver and 340,000oz of gold. \n· Start-up of Soledad-Dipolos.\n· Encouraging exploration results at Saucito, Orisyvo, San Julián, Herradura and Las Casas. \n· Saucito project and Ciénega's expan...