FRESNILLO PLC
Fresnillo is an LSE-listed precious metals mining group, majority-owned by Industrias Peñoles, that operates multiple gold and silver mines across Mexico.
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Cash
£2B
US$ 2,663,743,000
+139.9% highest in 3 filed years
Net assets
£7.8B
US$ 10,428,222,000
+12.6% highest in 3 filed years
Employees
7,195
-0.6% lowest in 3 filed years
Profit before tax
£1.9B
US$ 2,467,400,000
+152.8% highest in 3 filed years
Net assets
3-year trend · vs Basic Materials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £2,033,451,101 | £2,628,279,335 | £3,428,700,293 | +30.5% | |
| Operating profit | £216,191,836 | £710,967,451 | £1,723,295,497 | +142.4% | |
| Profit before tax | £285,349,169 | £733,744,268 | £1,854,769,601 | +152.8% | |
| Net profit | £131,248,591 | £677,215,666 | £1,617,980,907 | +138.9% | |
| Cash | £401,849,207 | £834,708,712 | £2,002,362,625 | +139.9% | |
| Total assets less current liabilities | £4,033,362,399 | £7,743,579,644 | £8,554,076,524 | +10.5% | |
| Net assets | £3,057,353,229 | £6,959,479,817 | £7,839,000,226 | +12.6% | |
| Equity | £3,057,353,229 | £6,959,479,817 | £7,839,000,226 | +12.6% | |
| Average employees | 7,303 | 7,240 | 7,195 | -0.6% | |
| Wages | £82,289,709 | £78,102,684 | £84,266,707 | +7.9% | |
| Directors' remuneration | £1,398,181 | £1,547,771 | £1,610,163 | +4% |
Figures converted to GBP from US$ at 0.752 per US$ (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 10.6% | 27.1% | 50.3% | |
| Net margin | 6.5% | 25.8% | 47.2% | |
| Return on capital employed | 5.4% | 9.2% | 20.1% | |
| Gearing (liabilities / total assets) | 29.1% | 25.1% | 23.6% | |
| Current ratio | 4.14x | 1.67x | 1.44x | |
| Interest cover | 5.70x | 60.24x | — |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- FRESNILLO PLC 2008-04-21 → present
- FRESNILLO LIMITED 2007-09-26 → 2008-04-21
- HACKREMCO (NO. 2516) LIMITED 2007-08-15 → 2007-09-26
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After reviewing all of the above considerations, the Directors have a reasonable expectation that management has sufficient flexibility in adverse circumstances to maintain adequate resources to continue its operational existence for the foreseeable future. The Directors therefore continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Group structure
- FRESNILLO PLC · parent
- Minera Fresnillo, S.A. de C.V. 100%
- Minera Mexicana La Ciénega, S.A. de C.V. 100%
- Minera Penmont, S. de R.L. de C.V. 100%
- Minera Saucito, S.A. de C.V. 100%
- Minera San Julián, S. de R.L. de C.V. 100%
- Minera Juanicipio, S.A. de C.V. 100%
- Fresnibal Investments, Ltd 100%
- Fresnillo Peru, S.A.C. 100%
Significant events
- “On 21 January 2025, Fresnillo plc completed its offering of US$850 million aggregate principal amount of 4.250% Senior Notes due 2050 in the Euronext Dublin.”
- “The Company completed the acquisition of Probe Gold Inc. on 21 January 2026 following the satisfaction of all of the relevant regulatory and court approvals.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
13 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CARRETO, Gerardo, Mr. | Secretary | 2020-10-28 | — | — |
| BAILLERES, Alejandro | Director | 2012-04-16 | May 1960 | Mexican |
| CEPEDA FERNANDEZ, Eduardo, Mr. | Director | 2021-06-24 | Apr 1957 | Spanish |
| DE LA VEGA ARIZPE, Myriam Guadalupe | Director | 2020-05-29 | Jul 1961 | Mexican |
| FERNANDEZ, Arturo | Director | 2008-04-15 | Oct 1953 | Mexican |
| JACOBS, Charles Richard | Director | 2014-05-16 | Jan 1967 | Irish |
| KESSEL MARTÍNEZ, Georgina Yamilet | Director | 2018-05-30 | Sep 1950 | Mexican |
| MACGREGOR, Judith, Dame | Director | 2017-05-23 | Jun 1952 | British |
| RAMIREZ CHAVEZ, Luz Adriana | Director | 2024-05-21 | Jul 1960 | Mexican |
| RANGEL DOMENE, Hector Alejandro, Mr. | Director | 2021-06-24 | Aug 1947 | Mexican |
| RUIZ SAHAGUN, Fernando Benjamin | Director | 2008-04-15 | Oct 1943 | Mexican |
| TIBURCIO CELORIO, Victor Alberto | Director | 2016-05-04 | Feb 1951 | Mexican |
| VAZQUEZ UGALDE, Rosa Victoria | Director | 2024-05-21 | Aug 1971 | Mexican |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HACKWOOD SECRETARIES LIMITED | Corporate Nominee Secretary | 2007-08-15 | 2008-04-15 |
| PRISM COSEC LIMITED | Corporate Secretary | 2008-04-15 | 2020-10-28 |
| ARAMBURUZABALA, Maria Asuncion | Director | 2012-04-16 | 2016-08-09 |
| BAILLERES GONZALEZ, Alberto | Director | 2008-04-15 | 2021-04-28 |
| BORDES AZNAR, Juan | Director | 2008-01-10 | 2024-05-21 |
| CAIRNS, Simon Dallas, Lord | Director | 2008-04-15 | 2014-05-16 |
| FERNANDEZ, Javier | Director | 2008-04-15 | 2014-05-16 |
| GONDA, Barbara Garza Laguera | Director | 2014-05-16 | 2024-05-21 |
| LOMELIN GUILLEN, Jaime | Director | 2008-04-15 | 2020-02-26 |
| MACGREGOR ANCIOLA, Rafael Alfonso | Director | 2008-01-10 | 2016-04-08 |
| PUCHE, Jaime Serra | Director | 2014-05-16 | 2019-02-25 |
| RANGEL DOMENE, Hector | Director | 2008-04-15 | 2009-01-30 |
| ROBLES MIAJA, Luis | Director | 2019-05-21 | 2020-11-20 |
| SOLANA MORALES, Fernando | Director | 2009-02-19 | 2014-05-16 |
| WILSON, Guy Edward Nairne Sandilands | Director | 2008-07-01 | 2018-05-30 |
| HACKWOOD DIRECTORS LIMITED | Corporate Nominee Director | 2007-08-15 | 2008-01-10 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 178 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-05 RESOLUTIONS Resolution
- 2025-05-28 RESOLUTIONS Resolution
- 2024-05-29 RESOLUTIONS Resolution
- 2023-06-20 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-22 | CH01 | officers | Change person director company with change date | |
| 2026-06-22 | CH01 | officers | Change person director company with change date | |
| 2026-06-22 | CH01 | officers | Change person director company with change date | |
| 2026-06-22 | CH01 | officers | Change person director company with change date | |
| 2026-06-09 | CH01 | officers | Change person director company with change date | |
| 2026-06-05 | AA | accounts | Accounts with accounts type group | |
| 2026-06-05 | RESOLUTIONS | resolution | Resolution | |
| 2025-08-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-05 | AA | accounts | Accounts with accounts type group | |
| 2025-05-28 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-29 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-28 | AA | accounts | Accounts with accounts type group | |
| 2024-05-23 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-23 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-22 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-26 | AA | accounts | Accounts with accounts type group | |
| 2023-06-20 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.