LONDON--Mexican gold and silver producer Fresnillo PLC (FRES.LN) Tuesday reported a 22% decline in first half pretax profit and said that it will cut its interim dividend payment by 26%.
-Total Revenue for the first half of the year ended June 30 amounted to 1.09 billion dollars versus $1.06 billion.
-Pretax profit $603.3 million versus $776.1 million.
-Adjusted pretax profit $566.9 million versus $682.5 million.
-Adjusted revenue of $1.14 billion versus $1.11 billion.
-EBITDA $684.4 million versus $753.7 million.
-Diluted earnings per share $0.511 versus $0.681.
-Adjusted diluted earnings per share $0.475 versus $0.588.
-Dividend per share $0.1550 versus $0.210.
-Attributable gold production of 248,795 ounces versus 206,477 ounces.
-Silver production of 20,072 Koz versus 21,460 koz.
-On track to achieve full year production targets of 41 moz, million ounces, of silver (including Silverstream) and 460,000oz, or ounces, of attributable gold
-Construction of the dynamic leaching plant at Herradura on track for start-up in third quarter of 2013.
-On track to complete the San Julian pre-feasibility study by second half of 2012.
-Completion of the pre-feasibility study of Juanicipio on a stand-alone basis.
-Encouraging exploration results with gold reserves increasing at Noche Buena.
-Construction of ramps to conduct additional drilling and metallurgical tests at San Julian, Orisyvo and Centauro Deep projects continued.
-Shares on Monday closed at pence.
-Write to Tapan Panchal at firstname.lastname@example.org
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(END) Dow Jones Newswires
July 31, 2012 02:45 ET (06:45 GMT)
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