Core Viewpoint - Fresnillo PLC is a leading precious metals mining company with a focus on silver and gold production, recently upgraded to a "Buy" rating by Citigroup due to rising silver prices [1][6] Group 1: Company Overview - Fresnillo PLC operates several mines in Mexico and is one of the largest silver producers globally, competing with firms like Pan American Silver and First Majestic Silver [1] - The company's market capitalization is approximately $37.18 billion [4] Group 2: Recent Developments - On January 14, 2026, Citigroup upgraded FNLPF, setting a new price target of 4,600 GBp, up from 4,000 GBp, while FNLPF was trading at $50.45 [2][6] - The upgrade is driven by a surge in silver prices, currently in the high $80s per ounce, with projections suggesting silver could reach $100 per ounce [2][3] Group 3: Financial Projections - Citi projects that silver prices will average $78 per ounce in 2026, potentially boosting Fresnillo's EBITDA to approximately $4.9 billion, a 24% increase from previous forecasts [3][6] - The implications of rising silver prices on Fresnillo's free cash flow and overall financial performance are substantial, as consensus estimates have not fully accounted for this impact [5]

Hycroft Mining (HYMC) shares have soared over 60% this week after the mining firm announced its strongest drill results ever from the ongoing 2025-2026 exploration program in Nevada. In its latest press release, HYMC’s management said the company’s Vortex zone delivered record silver grades, confirming continuity and expansion potential. More News from Barchart Following the aforementioned surge, Hycroft stock is trading at more than 11x its price at the start of this year. www.barchart.com Hycroft S ...