Top UK Stocks to Watch: Fresnillo gold output to fall further in 2021
Joshua Warner January 27, 2021 9:15 AM
Fresnillo warns output will fall further this year, LondonMetric buys two warehouses, FDM Group surprises with a second interim dividend, Diversified Gas & Oil is preparing for ‘another exceptional year’, and Homeserve gets a new chairman. Share:
Top News: Fresnillo posts 12% fall in production and warns of further drop
Fresnillo said gold production was 12.1% lower in 2020 and warned it will drop further in 2021.
The FTSE 100-listed gold miner, which operates in Mexico, said annual production of gold fell to 769,600 ounces and that output this year would fall within a range of 675,000 to 725,000 ounces, representing a fall of between 5.8% and 12.3%.
The grim end to this pandemic year should not cast a pall over investment hopes for 2021.
Financial experts are upbeat about prospects for the UK, though the recovery might not kick in until the late spring or summer when enough people should be vaccinated against Covid-19 for economic activity to resume.
Aside from the great relief and stimulus effect of the vaccine, Brexit uncertainty will lift if the deal with the European Union is approved as expected.
The UK was a laggard on world markets in 2020, and with the exception of FTSE small caps the top indices look set to end the year in the red.
Welcome to Morningstar.co.uk!
You have been redirected here from Hemscott.com as we are merging our websites to provide you with a one-stop shop for all your investment research needs.
Get Started: To search for a security, type the name or ticker in the search box at the top of the page and select from the dropdown results.
Registered Hemscott users can log in to Morningstar using the same login details. Similarly, if you are a Hemscott Premium user, you now have a Morningstar Premium account which you can access using the same login details.