Fresnillo stock slides nearly 4% as silver cools — Citi target and Probe deal steps in focus
Fresnillo shares fell 3.8% to 3,624p in early London trading Thursday as silver retreated from record highs. Probe Gold shareholders approved Fresnillo’s C$780 million takeover, with a final court hearing set for Jan. 19. Citi raised its Fresnillo price target to 4,600p and kept a buy rating. Spot silver dropped 3.4% to $89.63 an ounce after hitting a record $93.57 earlier in the session.