Fresnillo PLC

But overall, the production guidance is unchanged across silver, gold, lead and zinc.

Yeah, Fresnillo obviously is the big monster, shall we say, in Mexico.

The stock's off 60p, it's one down 2%, but I think that's to a certain extent with the market.

Do you want to mention any of the others?

We're currently drilling on that project.

And then we've got the Canedo project, which we recently acquired from Fresnillo down in Durango State.

Um, that was an all share transaction and made Fresnillo our largest shareholder.

And then Cimarron came from an earlier transaction.

It's not our focus right now.

That, that's helpful.

Wanted to move on to the Canedo asset a little bit.

You purchased that from Fresnillo, uh, earlier this year.

Metals like aluminum, zinc, copper, and nickel all gained between 0.4% and 1.1%.

And that sent mining companies like Rio Tinto, Anglo American, and Fresnillo higher.

Now, why do metals rally when the dollar weakens or rate hike expectations cool off? Because most metals are priced in dollars.

When the dollar softens, it's cheaper for other countries to buy those metals.

Uh, it's the worst performing sector in the region, and that gauge is actually trading at its lowest level since the beginning of August as well.

So we're seeing the likes of Fresnillo and Pan African Resources leading those declines in the sectors index.

So something to watch there.

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