Gold and Silver

Fresnillo annual profit soars, cautious on 2021 outlook

Fresnillo annual profit soars, cautious on 2021 outlook
Mining News Pro - Precious metals miner Fresnillo reported a sharp jump in full-year pre-tax profit on Tuesday, boosted by strong gold and silver prices, but the company said it remains cautious for 2021 due to the continued impact of the pandemic in Mexico.
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The South American nation`s largest gold producer said profit before income tax jumped to $551.3-million for the 12 months ended December 31 from $178.8-million in the previous year, beating analyst estimates of $472.2-million, according to Refinitiv Eikon.


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