Fresnillo stock costs EUR 31.22 as output pipeline targets 110,000 ounces

Published on 10/20/2026 at 13:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fresnillo targets 110,000 ounces after its September 28, 2026 forum. Fresnillo stock costs EUR 31.22 on October 20, 2026, and LSE shows GBp 2,604.00.

Growth pipeline and results

Fresnillo outlined annual production of 90,000 to 110,000 ounces on September 28, 2026.
First-half 2026 revenue reached USD 3,382.6 million, up 74.7 percent.
Fresnillo stock traded at EUR 31.22 at 1:01 p.m. CEST at Lang & Schwarz on October 20, 2026.
Market capitalization stood at GBP 19.2 billion on October 20, 2026.

Fresnillo, GB00B2QPKJ12, Illustration mit AI erstellt.

Fresnillo plc (ISIN GB00B2QPKJ12) costs EUR 31.22 at Lang & Schwarz on October 20, 2026, while its growth pipeline targets annual production of 90,000 to 110,000 ounces. Investing.com reported on September 28, 2026, that Fresnillo presented stable output, disciplined costs and a broader project pipeline.

First-half figures strengthen the case

Fresnillo's first-half 2026 revenue reached USD 3,382.6 million, an increase of 74.7 percent from the comparable period. Gross profit rose 130.7 percent to USD 2,359.4 million, while profit for the period increased 213.0 percent to USD 1,463.4 million, according to Fresnillo.

The same first-half 2026 figures put EBITDA at USD 2,349.7 million, up 113.2 percent. The combination of higher revenue and faster profit growth gives the pipeline a financial base, although mine development still has to convert resources into production.

What does the pipeline add?

The September 28, 2026 presentation lifted expected annual production to 90,000 to 110,000 ounces from 75,000 to 90,000 ounces previously. It also highlighted the Valles underground project, which is expected to add 50,000 to 90,000 ounces annually, and the Herradura Underground project, which targets 120,000 to 160,000 ounces annually from 2032. These figures describe potential output rather than current revenue.

Three milestones shape the story

On October 30, 2025, Fresnillo agreed to acquire Probe Gold for approximately CAD 760 million. The acquisition completed on January 21, 2026, according to Simply Wall St. On September 28, 2026, Fresnillo presented the expanded production range at Mining Forum Americas.

Key dates for investors

Fresnillo's investor calendar lists the second-quarter 2026 production report on July 22, 2026, and the first-half 2026 interim results on August 4, 2026. The next visible operating milestone is the project pipeline described on September 28, 2026.

London quotation and value

The parallel London quotation stood at GBp 2,604.00 at 11:02 a.m. BST on October 20, 2026. Market capitalization was GBP 19.2 billion on October 20, 2026. The figures leave investors with two separate reference points: strong first-half earnings growth and a longer-dated production expansion plan.

Fresnillo stock was trading at EUR 31.22 at Lang & Schwarz on October 20, 2026 at 1:01 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Fresnillo stock.