Business
Interim Results
Interim Results.
About this update from Fresnillo Plc
[{"type":"text","content":"\n \nRNS Number : 0032L Fresnillo PLC 06 August 2013 \n \n\n Fresnillo plc\n28 Grosvenor Street\nLondon W1K 4QR\nUnited Kingdom\nwww.fresnilloplc.com\n \n6 August 2013\n \nFresnillo plc interim results \nfor the six months to 30 June 2013\n \n \n \nFinancial highlights (H1 2013/H1 2012 comparisons)\n· Average realised silver price US$24.67 per oz, down 20.3% \n· Average realised gold price US$1,471.67 per oz, down 10.6% \n· Adjusted Revenue1 of US$982.3m, down 14.0%\n· Gross Profit of US$518.9m, down 27.0%\n· EBITDA2 decreased by 29.1% to US$486.3m in line with the EBITDA margin which decreased to 52.5% from 63.2%\n· Profit attributable to equity shareholders of the Company, excluding Silverstream revaluation effects, decreased by 34.2% to US$225.6m (post-tax Silverstream revaluation effects: US$80.8m loss) \n· Cash generated by operations before changes in working capital US$496.4m, down 30.7%\n· Strong balance sheet with cash position as at 30 June 2013 of US$570.8m and no debt\n· Basic and diluted EPS decreased by 61.1% to US$0.200 per share\n· Interim dividend 4.90 US cents per share\n \n \nOperational highlights\n· Attributable silver production of 20,980kOz (including Silverstream), up 4.5% due to the continuous ramp-up of Saucito and higher ore grade and volume of ore processed from San Ramón. \n· Attributable gold production decreased by 5.2% as a result of a slower recovery rate and lo...