Silver Prices Help Fresnillo to Quarterly Profit

Reuters reported that Fresnillo (LSE:FRES) increased its profit and dividends, in part due to increased silver prices.

As quoted in the market news:

Core profit, or earnings before interest, tax, depreciation and amortisation, at the Mexican miner rose 63 percent to $1.54 billion in 2011, broadly in line with analyst expectations, while profit before interest and tax rose 39 percent.

Click here to read the full Reuters report.