The Mexican silver miner—Fresnillo, increased pre-tax profits by 71% to $457.4 million last year but has postponed a decision on the final dividend amid higher capital spending and uncertainly over metal prices.
After raising the silver and gold production to record levels, the FTSE 100 company increased its revenues by 18% to $849.9 million. A decision will be made on April 28th about whether to pay a dividend. Fresnillo’s share price rose 35p to 817.5p.