{"id":4071,"date":"2014-03-04T14:19:34","date_gmt":"2014-03-04T14:19:34","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=4071"},"modified":"2014-03-04T14:30:26","modified_gmt":"2014-03-04T14:30:26","slug":"fresnillo-profits-drop-gold-prices-fall","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=4071","title":{"rendered":"Fresnillo profits drop as gold prices fall"},"content":{"rendered":"<p><strong>By Olivia Goldhill<\/strong><br \/>\n<em>The Telegraph (UK)<\/em><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignright size-full wp-image-4072\" alt=\"goldbars160\" src=\"http:\/\/juniorminingnews.com\/wp-content\/uploads\/2014\/03\/goldbars160.jpg\" width=\"160\" height=\"192\" data-id=\"4072\" \/>Mexican precious metal miner Fresnillo reported a 64.4pc drop in profit last year compared to 2012, hit by tumbling gold and silver prices and a fall in production.<\/p>\n<p>Largely as a result of operational issues, Fresnillo gold production fell 10pc to 425,831 ounces and revenue dropped 23pc to $1,615.2m.<\/p>\n<p>The legal issues left Fresnillo without an explosive permit at its Herradura mine in Mexico for the last two months of 2013 after a dispute with the local community stopped production.<\/p>\n<p>The company has since had its permit renewed, but reported pre-tax profit of $418.7m in 2013, below analyst expectations of $520m.<\/p>\n<p><a href=\"http:\/\/www.telegraph.co.uk\/finance\/commodities\/10675215\/Fresnillo-profits-drop-as-gold-prices-and-production-falls.html\" target=\"_blank\"><strong>Continue reading . . .<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mexican precious metal miner Fresnillo reported a 64.4pc drop in profit last year compared to 2012.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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