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Miner Fresnillo's full-year profit falls on low silver, gold prices

Reuters - UK Focus

March 4 (Reuters) - Precious metals miner Fresnillo Plc (Other OTC: FNLPF - news) said its full-year pretax profit dropped 40 percent, hurt by falling gold and silver prices.

The company's pretax profit fell to $251.1 million in the year ended Dec (Shanghai: 600875.SS - news) . 31 from $418.7 million a year earlier.

Fresnillo, which produces silver and gold from six mines in Mexico, said total revenue fell 12.5 percent to $1.41 million.

The company said the average realised silver price decreased 18.4 percent to $18.6 per ounce in 2014, while average realised gold price fell 10.2 percent to $1,257.7 per ounce. (Reporting by Mamidipudi Soumithri in Bengaluru; Editing by Anupama Dwivedi)