Fresnillo half-year profits rise on higher metals prices

Fresnillo plc reported on Tuesday its interim results for the first half of 2021, showing a substantial increase in profitability on the back higher metal prices as well as improved production.

During H1 2021, the precious metals miner generated adjusted revenues of $1.54 billion, up 37.1% over the same six-month period last year, 75.8% of which is due to higher metal 

This resulted in a gross profit and EBITDA of $606.8 million and $747 million, up 88.9% and 59.0%, respectively. Profit for the period came to $308.4 million, representing a 445.8% jump over last year.