Fresnillo PLC

Fresnillo reported a 227.6 percent jump in first-half profit from continuing operations before income tax to $2.16 billion, driven by sharply higher silver and gold prices. Revenues surged 74.7 percent to $3.38 billion, with the average realised silver price more than doubling to $78.9 per ounce and the average realised gold price climbing 47.3 percent to $4,666.8 per ounce. The company declared an increased interim dividend of 43.4 US cents per share and confirmed its full-year production guidance, while noting that attributable silver production fell 11.4 percent and attributable gold production declined 7.3 percent. For fiscal 2026, Fresnillo continues to expect attributable silver production of 42.0 to 46.5 million ounces and attributable gold production of 500,000 to 550,000 ounces, with production outlook for 2027 and 2028 also unchanged.

Sinda Ltd., a silver exploration company with mineral projects in Mexico, will begin trading today on the New York Stock Exchange under the ticker symbol SIND. The company is advancing a large-scale, high-grade silver-gold discovery in the historic Guanajuato district, with an estimated 369 million silver-equivalent ounces of Inferred Mineral Resources and 16 million silver-equivalent ounces of Indicated Mineral Resources at an average grade of 692 silver-equivalent grams per tonne. Coinciding with the initial public offering, Fresnillo plc is subscribing for up to 5% of Sinda's outstanding shares in a private placement, while Franco-Nevada is participating as an anchor investor with a $10 million order. Net proceeds from the offering will fund a multi-year exploration and infill drilling program, including construction of a 9-kilometer underground exploration decline at the Caracol deposit, with the objective of achieving initial production by 2031. Sinda will ring the NYSE Opening Bell on July 2, 2026 to celebrate its listing.