Myfxtools
  • Login
  • Expert Advisors
  • Forex Signals
    • Best Forex Signals
  • Forex Brokers
  • Forex Trading
    • Forex Guides
    • Analytical Tools
    • Charting Software
  • Crypto Trading
  • Portfolios
No Result
View All Result
  • Expert Advisors
  • Forex Signals
    • Best Forex Signals
  • Forex Brokers
  • Forex Trading
    • Forex Guides
    • Analytical Tools
    • Charting Software
  • Crypto Trading
  • Portfolios
  • Login
Myfxtools
Home News

Fresnillo 2023 Financial Results Preview

by Myfxtools
March 4, 2024
in News
Share on TwitterShare on Facebook

Revenue Forecast

Fresnillo, the world’s largest silver producer, is set to release its 2023 financial results this Tuesday. Analysts anticipate a total revenue increase to $2.69 billion, up from $2.43 billion in 2022. These projections are based on a consensus of nine analysts’ estimates.

forex ea chart
Would you like to try out trading with an Expert Advisor?
Check Out Best Forex EAs Here

EBITDA Forecast

The forecast for earnings before interest, taxes, depreciation, and amortization (EBITDA) stands at $702 million, a decrease from $751.1 million reported previously.

Profit Forecast

Anticipated full-year pretax profit is predicted to decline to $158 million, down from $248.6 million in the prior year.

Company Performance

Over the past year, shares of Fresnillo have experienced a 39% decrease. This drop is attributed to inflation in Mexico, operational issues, and weakness in silver prices during the latter part of the year.

What to Keep an Eye On

Stay tuned for Fresnillo’s upcoming financial report to gain insights into its performance in 2023.

Fresnillo Faces Exchange Rate Challenges

In the latest production update from late January, Fresnillo has highlighted a significant impact from the 12% drop in the average Mexican peso to U.S. dollar exchange rate in 2023. This variation has directly affected administrative costs and, combined with persistent inflation within the mining sector, has placed additional strain on Fresnillo’s profit margins.

Margins Under Pressure

Berenberg analysts noted in a recent research note that despite production stabilization in recent years, costs have escalated, leading to a decline in margins. Specifically, Ebitda margins have decreased from 45% in 2021 to 31% in 2022, with a projected further decrease to 28% in 2023. As the company prepares to unveil its results, stakeholders anticipate further insights and explanations from management regarding this financial trend.

Challenges in Production Profile

The production profile of Fresnillo has encountered hurdles in recent times, primarily due to diminishing ore grades at the Herradura and Saucito mines, alongside operational setbacks at the Juanicipio site. With the company’s mines nearing the end of their lifespan, there is a critical emphasis on enhancing operational efficiency and implementing cost-effective measures to boost profitability. Berenberg analysts stress the importance of monitoring operational performances, particularly at key sites like Saucito and Fresnillo.

Focus Areas for Investors

Investors are keen on receiving updates on the operational status of key mines while also seeking clarity on the progress at Juanicipio. Additionally, a detailed overview of grade/volume guidance will provide valuable insights for stakeholders. As Fresnillo navigates through these challenges, a strategic focus on operational excellence and prudent cost management will be essential for sustaining growth and profitability in the long term. Decrease in Dividend Payout for Investors

In 2023, investors can anticipate a notable decrease in dividend payout compared to the previous year. The FTSE 100-listed miner, which previously declared a final dividend of 13.3 cents totaling $98 million, resulting in a full-year payout of 16.7 cents per share, is expected to see a drop in dividends for the upcoming year.

Analysts’ Projections

According to analysts’ forecasts provided by Visible Alpha, the miner is predicted to offer a final dividend of 5.2 cents and a full-year dividend of 8.7 cents for 2023. This signifies a significant decline compared to the previous year’s dividends.

forex ea chart
Would you like to try out trading with an Expert Advisor?
Check Out Best Forex EAs Here
Tags: dividend payoutfinancial resultsFresnillooperational challengesSilver producer
Previous Post

Asia-Pacific Stock Markets Update

Next Post

Toronto-Listed Stocks Update

Next Post

Toronto-Listed Stocks Update

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

33 − = 29

Recent Posts

  • Economic Calendar for the Week of June 29th
  • NZD/USD Strengthens as Fed Independence Questioned
  • USD/CNH Seen Ranging Narrowly With Downside Bias Building
  • Euro Climbs as Trump Fed Remarks Boost Rate-Cut Bets
  • Euro Poised for Higher Range on Strong Momentum
  • About Us
  • Contact Us
  • Privacy Policy
  • Risk Disclosure
Myfxtools turns raw trade logs into verified dashboards and AI-driven insights - helping traders see, share, and sharpen their edge.

© 2025, Myfxtools. All rights reserved.

AI Strategy Insight is educational and not financial advice.

  • Expert Advisors
  • Forex Signals
    • Best Forex Signals
  • Forex Brokers
  • Forex Trading
    • Forex Guides
    • Analytical Tools
    • Charting Software
  • Crypto Trading
  • Portfolios

© 2025, Myfxtools. All rights reserved.

AI Strategy Insight is educational and not financial advice.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In