London, Jan 25, 2026, 09:19 GMT — Trading has ended
- Fresnillo (FRES.L) closed Friday 2.06% higher at 4,168p, marking a fresh 52-week peak. (Investing)
- Silver climbed past $100 an ounce while gold reached new highs on Friday, boosting shares of precious metals companies. (Kitco)
- Fresnillo will release its fourth-quarter 2025 production report on Jan. 28. (Fresnilloplc)
Fresnillo shares ended Friday at 4,168 pence, gaining 2.06% and hitting a fresh 52-week peak. The London market remains closed Sunday, so the next update will arrive when trading resumes Monday. (MarketWatch)
It’s significant since Fresnillo focuses primarily on silver, though it also mines gold, and both metals’ prices have dominated headlines. The firm calls itself the world’s top silver producer and a major gold producer in Mexico. (Fresnilloplc)
In London, bullion-related assets found a boost. The FTSE 100 slipped a bit to close the week, yet precious metal miners climbed 2% on Friday and surged 11.3% over the week. Gold edged closer to $5,000 an ounce, while silver topped $100. (Reuters)
Gold’s weekly surge is the biggest since 2008, the Financial Times reports, as the dollar weakens and investors flock to traditional safe havens. Silver has not only followed suit but outpaced gold’s move.
Fresnillo’s shares fluctuated between 4,030 and 4,190 pence on Friday, opening at 4,090 pence, per Yahoo Finance records. Roughly 843,000 shares changed hands. (Yahoo Finance)
Fresnillo’s next key event is just around the corner. The company will publish its Q4 trading update on Jan. 28. “Investors [are] focused on silver and gold output, ore grades and operational efficiency,” said IG senior technical analyst Axel Rudolph. (IG)
Production reports hold weight for miners as they offer an early glimpse of revenue ahead of full financial disclosures. Traders keep a close eye on costs too—particularly all-in sustaining costs (AISC), the industry standard that covers both daily operating expenses and the capital expenditures required to maintain mining operations.
Macro risk looms on the calendar. The U.S. Federal Reserve is set to meet Jan. 27-28, with a statement and press conference scheduled for Wednesday. That could send the dollar and metals markets moving fast. (Federal Reserve)
Fresnillo wasn’t the only miner on the move. London-listed Endeavour Mining climbed 2.15% on Friday, suggesting investors are playing precious metals more as a sector bet than just individual stock picks. (MarketWatch)
That rally fueling miners could flip just as quickly. “Silver is in the midst of a self-propelled frenzy,” noted StoneX analyst Rhona O’Connell. BofA strategist Michael Widmer pegged a “fundamentally justified” silver price near $60. Meanwhile, BNP Paribas’s David Wilson cautioned that profit-taking might come “sooner rather than later.” (Reuters)
Fresnillo’s production report on Wednesday is the clear catalyst — covering output, grades, and costs. Beyond that, the Fed’s tone on Jan. 28 and silver’s ability to stay above $100 should shape the trend for the remainder of the week.
