LSE:FRESMetals and Mining
Fresnillo’s Probe Gold Deal Tests Valuation After Powerful Share Price Run
Fresnillo (LSE:FRES) has completed its C$770 million all cash acquisition of Probe Gold.
The transaction expands Fresnillo's gold asset base without changing its stated dividend policy.
The deal marks a significant move in the precious metals sector focused on gold opportunities.
Fresnillo, trading at around £41.4, has recorded very large gains over the past year, with the 1 year return above 500% and multi year returns also very strong. The shares are up 4.1% over the past week and 23.5%...