Fresnillo looks to change Silverstream agreement after production problems
Portfolio Pulse from
Fresnillo PLC has announced potential changes to its Silverstream agreement due to production issues at the Sabinas mine, owned by its partner Peñoles. This has led to a 6% drop in Fresnillo's stock price.
November 12, 2024 | 10:15 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Fresnillo PLC's stock dropped 6% following news of production issues at the Sabinas mine, prompting potential changes to the Silverstream agreement with Peñoles.
The production issues at the Sabinas mine, which is part of the Silverstream agreement, directly affect Fresnillo's operations and financial outlook, leading to a significant stock price drop.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80