UPDATE 1-Lower silver and gold prices hit Fresnillo profit

martes 5 de agosto de 2014 04:04 GYT

* First-half attributable profit falls 10 pct

* Average realised silver prices falls 18 pct, gold 12 pct

* Special dividend of 5 cents a share

* Shares fall 0.9 percent (Adds details, share price)

Aug 5 (Reuters) - Fresnillo Plc reported a 10 percent decline in first-half attributable profit after selling silver and gold from its Mexican mines at significantly lower prices.

Shares of Fresnillo, which prides itself on production costs among the lowest in the industry, fell in early trading. The miner also announced a special dividend of 5 cents a share.

Many gold and silver miners were forced to slash costs last year after prices of the precious metals fell to their lowest in a decade. Gold fell 28 percent and silver plunged 36 percent in 2013.

Fresnillo's average realised silver price for the first half of 2014 fell 18 percent to $20.26 per ounce. Its average realised gold price fell 12 percent to $1,302.07 per ounce.

Attributable profit fell to $130.1 million in the six months ended June 30 from $144.8 million a year earlier. Revenue fell 27 percent to $677.1 million.   Continuación...