MARKET TALK: Fresnillo 2Q Silver, Gold Output Broadly In Line

14th Jul 2010 07:28

0628 GMT [Dow Jones] Fresnillo (FRES.LN) second quarter output is "broadly in line with expectations," says Cailey Barker of Numis. He notes that attributable silver production of 9.62 million troy ounces was broadly in line with his expectations of 9.7 million ounces while attributable gold production of 91,254 troy ounces was "slightly better than expected," he adds. The "project profile remains intact" and the company continues to work on reducing costs. Numis has an add and 1230p target price on Fresnillo. Shares closed Tuesday +2.3% at 1097p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 14, 2010 02:28 ET (06:28 GMT)