Fresnillo shares down as it adjusts tax management

0 mins. to read
Fresnillo shares down as it adjusts tax management
Master Investor Magazine

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

FTSE 100 miner Fresnillo (LON:FRES) has seen its share price drop by 1.70% to 855.40p (as of 15:30 BST) after it adjusted its handling of its Mexican tax affairs. The handling of mining income under the law is unclear, but the company has reached an agreement with the authorities that it believes it should backdate for all mining income in the country to 2014.

This has a slight negative impact on the profit & loss statement that will be partly offset by decreases in depreciation in the coming years.

On 7th July, we will be running a Q&A webinar with the one and only Evil Knievil (Aka Simon Cawkwell). Please share a question for Evil below and we’ll try to answer as many as possible in the live webinar. Sign up for the webinar here.

Are you going to take part in Evil's webinar?

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *