Silver miner Fresnillo takes gains to 150% as price of the precious metal hits a 14-year high
Shares in the Mexican gold and silver miner rose 1.7 per cent, or 26p, to 1542p in London – taking gains for 2025 to 149 per cent.
That puts it ahead of Britain's leading defence and aerospace groups on the Footsie leaderboard for the year with Babcock up 119 per cent, Rolls-Royce 76 per cent and BAE Systems 66 per cent.
Fresnillo has benefited from rising gold and silver prices as concerns about international trade, military conflict and the global economy send investors to the apparent safety of assets such as precious metals.
Silver rose above $39 an ounce yesterday, to its highest level since September 2011, while gold topped $3,370 per ounce having hit an all-time high of $3,500 earlier in the year.
The latest moves came after Donald Trump threatened to impose a 30 per cent tariff on imports from the European Union and Mexico from August 1.
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