Fresnillo stock price slides 5% as gold and silver plunge — what could move FRES.L next
Fresnillo shares fell 5.1% to 3,702 pence Friday in London, with trading volume doubling its 50-day average. The miner cut its 2026 silver and gold output forecasts, citing mine plan changes and project delays. Gold and silver prices dropped sharply after hitting records earlier in the week. Morgan Stanley flagged 5%-9% downside risk to 2026 consensus volume estimates and kept an underweight rating.