Fresnillo plc (FRES) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Thank you for joining us today. My name is Octavio Alvidrez, CEO of Fresnillo. And here with me in London, we have Mario Araguin, who is CFO, Tomasi Turriaga, who is COO from the Central Operations, and Daniel Diaz, Chief Operating Officer of the Northern Region. Welcome to our half-year results presentation. As always, I would like to point out to all the explainer before I move quickly to see the agenda we have for the day. I will take you through the key highlights and address some of our key recent HSCCR initiatives. Tomas and Daniel will then provide some of the operational updates on their respective regions. And also, they will let us know some update about the development project they coordinate. Mario will provide a financial update and some more detail into the decision to agree a buyback of the silver string contract with Peñales. And finally, I will then conclude and provide some comments on the . We then look forward to a Q&A session. Investment proposition, you will be familiar with our investment case, and I believe it remains compelling and consistent. But first, let me make a few introductory remarks about the results. I'm pleased with the performance of our operations. We have now delivered consistently for over two years after a period of challenge. and dealt with a number of factors that have impacted our business before. I believe this shows how we have stabilized our operations and are now in a strong position to capitalize on further growth opportunities with the legacy operations all in a much better place. Further, we're also making progress on our development pipeline. Of course, these major projects take time and its title with the risk stem and ensure we have very detailed plan in place, as well as strong relations ...