Company Directory - Fresnillo plc
Company Details - Fresnillo plc
Fresnillo plc
WebsiteLondon, United Kingdom
ISIN: GB00B1YB2Q43
Fresnillo plc is a leading Mexican precious metals mining company, primarily engaged in the production of silver and gold. The company operates several mining projects in Mexico, boasting a substantial portfolio of assets that contribute to its position as one of the largest silver producers in the world.
CCI Score
CCI Score: Fresnillo plc
-48.67
0.02%
Latest Event
Fresnillo PLC Ordered to Pay Damages for Illegal Extraction
A ruling by Mexico's Unitary Agrarian Court mandated that Fresnillo PLC pay damages to farmers in El Bajío for illegal extraction practices. This development was tabled in UK Parliament on February 12, 2025, prompting questions on potential policy implications and highlighting unethical business practices that harm marginalized communities.
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QUISLING
Fresnillo plc is currently rated as a Quisling.
Latest Events
- FEB122025
A ruling by Mexico's Unitary Agrarian Court mandated that Fresnillo PLC pay damages to farmers in El Bajío for illegal extraction practices. This development was tabled in UK Parliament on February 12, 2025, prompting questions on potential policy implications and highlighting unethical business practices that harm marginalized communities.
-60
Business Practices and Ethical Responsibility
April 3
The court ruling against Fresnillo PLC for engaging in illegal extraction, which resulted in damages to El Bajío farmers, underscores a breach in ethical business practices. This act demonstrates a disregard for environmental standards and the rights of local, marginalized communities, reflecting negatively on the company's ethical responsibilities.
Written questions and answers - Written questions, answers and statements - UK Parliament
- JAN312025
A Mexican court ruled that Fresnillo PLC owes over 13 billion pesos to ejidatarios of El Bajío for illegally extracting gold from communal land between 2005 and 2013, highlighting the company's disregard for community rights and environmental justice.
-80
Business Practices and Ethical Responsibility
April 3
Fresnillo PLC's operations resulted in illegal extraction of gold from community land, demonstrating significant corporate negligence and disregard for ethical business practices, indigenous rights, and environmental justice. The court ruling against the company underscores its failure in upholding responsible business conduct.
México: Court rules Fresnillo PLC owes millions to El Bajío farmers over illegal gold extraction
- JAN312025
A court ruling confirmed that Fresnillo PLC illegally extracted gold from ejido lands in Sonora between 2005 and 2013, ordering the company to compensate the local community with over £5 million. The verdict comes amid a broader pattern of repression against land and environmental defenders, including arrests and murders linked to operations by its subsidiary, Minera Penmont.
-80
Labor Relations and Human Rights Practices
April 3
The court ruling highlights Fresnillo PLC's longstanding illegal extraction practices on communal lands, which not only violated environmental laws but also contributed to grave human rights abuses, including the repression and murder of land defenders. This case underscores a pattern of exploitative business practices that disregard the rights and safety of local communities.
- MAY212024
At the Fresnillo plc AGM on May 21, 2024, community representatives and unionized mine workers raised serious concerns about the company's environmental practices and treatment of workers, highlighting its non-compliance with multiple Mexican court orders regarding the El Bajío land. CEO Octavio Alvidrez's evasive and deflective responses during questioning further raised issues of governance and accountability.
-60
Executive Political Engagement
April 3
The CEO's evasive responses at the AGM, particularly his failure to address direct questions regarding compliance with longstanding court orders on environmental restoration and compensation for the affected El Bajío community, demonstrate a concerning lack of accountability and poor executive political engagement. This behavior undermines stakeholder trust and aligns with authoritarian practices by shielding corporate misdeeds from scrutiny.
-70
Labor Relations and Human Rights Practices
April 3
During the AGM, community representatives and unionized mine workers raised alarm over the company’s failure to comply with multiple Mexican court rulings related to environmental restoration, compensation, and safe treatment of affected communities. The persistent issues, including credible threats against workers, underscore severe shortcomings in honoring labor rights and ethical business practices.
- MAY212023
Representatives from Ejido El Bajío, Sonora, attended the Fresnillo PLC AGM in London to denounce illegal mining activities, environmental destruction, and contamination attributed to the company, and to demand that Fresnillo assume responsibility and comply with court rulings dating back to 2014.
-80
Business Practices and Ethical Responsibility
April 3
Fresnillo PLC is accused of engaging in illegal mining practices that have led to the invasion, destruction, and contamination of territory belonging to the El Bajío ejido. The prolonged legal battle since 2009 and failure to address court-ordered remedies highlight severe ethical and business practice issues, demonstrating a disregard for environmental and community rights.
- JAN012023
Fresnillo PLC published its modern slavery statement summary for 2023, outlining its commitment to addressing modern slavery risks in its supply chains and reinforcing labor rights protections.
+40
Labor Relations and Human Rights Practices
April 3
The modern slavery statement indicates a proactive approach to addressing labor rights issues and mitigating modern slavery risks in the supply chain, which is a positive step in upholding ethical labor practices.
+30
Supply Chain Ethics
April 3
By issuing a modern slavery statement summary, Fresnillo PLC demonstrates an awareness of and commitment to addressing supply chain risks related to modern slavery, which is a positive sign for ethical sourcing practices.
- MAY172022
During its annual general meeting in London on 17 May 2022, Mexican farmers and activists demanded that Fresnillo comply with a 2013 court-ordered compensation ruling for mining harms in Sonora, Mexico. The protesters highlighted unresolved grievances including environmental degradation and community casualties linked to the company’s mining operations.
-40
Business Practices and Ethical Responsibility
April 3
The event underscores serious concerns over Fresnillo's business practices, particularly its response to a long-standing court order requiring reparations for environmental and human rights harms caused by its subsidiary’s mining operations. The protesters' demands at the AGM reveal a perceived lack of accountability and ethical responsibility, reflecting on the company's negative impact on local communities.
Mexico: Farmers and activists attend Fresnillo AGM in London to demand reparations for mining harms
- JAN012022
A ShareAction report highlighted violations of workers' rights in Fresnillo's supply chain, indicating issues in labor practices and supply chain management.
-70
Labor Relations and Human Rights Practices
April 3
The ShareAction report reveals significant violations of workers' rights within Fresnillo's supply chain, suggesting a lack of adherence to fair labor practices and human rights standards, which is critical from an anti-fascist perspective.
-60
Supply Chain Ethics
April 3
The report also underscores ethical shortcomings in supply chain management at Fresnillo, highlighting failures to ensure proper labor conditions, which further reflects negatively on the company’s broader ethical responsibilities.
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Corporate Financials
- Revenue
- 2022
- $1.35B
- Total Assets
- 2022
- $3.50B
- Operating Income
- 2022
- $650.00M
- Total Equity
- 2022
- $1.45B
Industries
- 212234
- Copper, Nickel, Lead, and Zinc Mining
- 212299
- All Other Metal Ore Mining
- 212221
- Gold Ore Mining