Fresnillo plc, traded as FRES on the London Stock Exchange (LSE), is a Mexican precious metals mining company incorporated in the United Kingdom and headquartered in Mexico City.
The company can trace its origins back to the commencement of Peñoles' mining operations in 1887. It was formerly a wholly owned operating division of Industrias Peñoles.
A minority stake in the company was spun off on the LSE in a May 2008 IPO, with a secondary listing on the Mexican Stock Exchange the same day.
Fresnillo is the world's largest producer of silver from ore (primary silver) and Mexico's second-largest gold miner.
It operates three gold and silver mines in Mexico. The largest mine, in terms of silver output, is Mina Proaño (also known as Fresnillo Mine), located near the city of Fresnillo in the state of Zacatecas. FRES is constituent of the FTSE 100 Index on the London Stock Exchange Group (LSEG).
Fresnillo share price launched at 520p in 2008.