Fresnillo publishes its Q1 Production Report on Weds, 10 Mar.

• Last time Fresnillo reported was: FY Results, 26 Feb.
• The shares fell as much as 11% with a daily range of 72.4p or 7.4%.
• Shares -12.2% from 2019 highs; +12.7% from 2019 lows; +1.3% year-to-date.
• Currently 872p (at time of writing).
• Will we see another big move on Wednesday?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Fresnillo – An Example

Let’s say you think that Fresnillo results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Fresnillo using CFDs, at the current price of 872p. To do this, you need £2,000.

For the purpose of this example, let’s assume Fresnillo reports strong results and the shares rise 10%. Your profit would be £1000, from your initial investment of £2000.

Conversely, let’s assume you open the position, and place a stop-loss 5% below the current price. Fresnillo results miss, it falls 5% and hits your stop-loss. Your loss would be £500.

This is provided for information purposes only. It should not be taken as a recommendation.