Miner Fresnillo down despite profit jump as dividend expectations weigh

Fresnillo

03/03/2026 09:02

** Mexican precious metals miner Fresnillo FRES.L down ~2% at 4,038p even after reporting 80.7% jump in annual core profit to $2.80 billion

** Co proposes record dividend, above its policy of distributing 50% of profits, lifting 2025 shareholder payouts to $950 million, or 128.92 cents per share

** "Whilst precious metals prices are lower today, unrealistic expectations for an even higher dividend than the stated policy rate will add to a sense of disappointment," says Peel Hunt analyst Kieron Hodgson

** FRES stock up ~21% YTD

 (Reporting by Nithyashree R B in Bengaluru)

 ((NithyashreeRB@thomsonreuters.com))