Business
Interim results for the six months to 30 June 2014
Interim results for the six months to 30 June 2014.
About this update from Fresnillo Plc
[{"type":"text","content":"\n \nRNS Number : 2367O Fresnillo PLC 05 August 2014 \n \n\n Fresnillo plc\n28 Grosvenor Street\nLondon W1K 4QR\nUnited Kingdom\nwww.fresnilloplc.com\n \n5 August 2014\n \nFresnillo plc interim results \nfor the six months to 30 June 2014\n \n \n \n \nHighlights (H1 2014/H1 2013 comparisons)\n· Silver production (21.3m ounces, including Silverstream up 1.3%) buoyed by strong performance at Saucito and increased Silverstream volumes\n· Gold production down 18.9% to 191,317 ounces as a result of temporary disruptions at Herradura and suspension of Soleded-Dipolos, but recovering as Herradura resumed production in March and the Dynamic Leaching Plant came on line\n· Significantly lower realised commodity prices (silver US$20.26 per oz, down 17.9%; gold US$1,302.07 per oz, down 11.5%) impacting financial performance \n· Profit attributable to equity shareholders, including Silverstream revaluation effects, decreased by 10.1% to US$130.1m \n· Basic and diluted EPS US$0.177 per share, down 11.5%\n· Cash generation from operations remains significant at US$336.7m down 32.2%\n· Strong balance sheet with cash, cash equivalents and short term investments of US$1,164.3m\n· Special dividend of US$36.8m (5.0 US cents per share) declared reflecting the Board's confidence in the financial position and outlook; but no change to previously stated policy.\n· Near term growth projects Saucito II and San Julián on track to begin production in 4Q 2014 and 2H 2015 respectively\n· ...