Fresnillo Plc: Initiation of Coverage- An Insight into Its Strategic CapEx, Project Pipeline & Critical Growth Levers! 

Fresnillo plc reported its preliminary results for the fiscal year 2024, revealing a mixed performance that highlights both strengths and challenges faced by the company. Production has stabilized across its operations after overcoming significant operational challenges, such as declining ore grades and increased dilution in some mine sites. The company also navigated external pressures like inflation and labor reforms in Mexico, impacting its contractor-based workforce model. Despite these challenges, Fresnillo achieved its production guidance for two consecutive years, which marks a significant achievement toward operational stability.