Fresnillo is LSE-listed silver and gold producer with operations in Mexico. The Company is currently profitable but is trading at a 5 year low. They also have a dividend policy of paying out 30% – 50% of net profits each year. Last year’s dividend was US$0.274 per share. With the gold price moving higher recently (up over $1500/oz from $1300/oz earlier in the year), I thought it would be interesting to look at a precious metals producer. Also, this video was requested by @Namajapa on twitter so thank you for reaching out!
This video provides some quick thoughts on Fresnillo as an investment opportunity.
#investing #stocks #dividends #gold #silver #mining $FRES.L