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Fresnillo's profits surge despite operational woes

Profits at FTSE 100-listed Fresnillo surged 208% year-on-year in 2020 despite numerous operational challenges, the company announced on Tuesday.

 Fresnillo's profits surge despite operational woes  Fresnillo's profits surge despite operational woes  Fresnillo's profits surge despite operational woes  Fresnillo's profits surge despite operational woes  Fresnillo's profits surge despite operational woes

Fresnillo and MAG Silver's Juanicipio underground mine in in Zacatecas in the Fresnillo district, Mexico

Strong precious metals prices saw profit before tax jump to 551.3 million, while EBITDA rose 73% to US$1.1 billion versus 2019 although the result was shy of London broker Peel Hunt's forecast of $1.