Welcome to Gold Bank Podcast. Today we’re covering Fresnillo’s latest results, a major UK-listed precious-metals name and why its jump in profit, dividend, and 2026 guidance matters for UK investors watching gold and silver exposure through mining stocks.

Main news discussion

Fresnillo PLC reported higher sales and profit for 2025, driven by stronger gold and silver prices, and proposed its highest dividend since listing. Pre-tax profit more than doubled to $2.08bn (from $743.9m) and revenue rose 31% to $4.56bn, though it noted lower metal volumes sold offset some of the price benefit. Fresnillo also gave 2026 production guidance: 42.0–46.5m oz of silver and 500,000–550,000 oz of gold, with 2026 capex guided at around $765m and exploration spend expected at $260m, including drilling at Probe Gold; JPMorgan flagged capex guidanc ...