Fresnillo (LSE:FRES) Construction In Progress: £270 Mil (As of Dec. 2025)


LSE:FRES Fresnillo PLC LSE:FRES
85 GF Score
Price £28.68
GF Value £12.64
Valuation Significantly Overvalued
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What is Fresnillo Construction In Progress?

Fresnillo LSE:FRES +1.81% 85 Construction In Progress is £270 Mil as of Dec. 2025. GuruFocus rates LSE:FRES with a GF Score™ of 85/100 and a GF Value™ of £12.64 (Significantly Overvalued).

Fresnillo's quarterly construction in progress declined from Dec. 2024 (£213 Mil) to Jun. 2025 (£0 Mil) but then increased from Jun. 2025 (£0 Mil) to Dec. 2025 (£270 Mil).

Fresnillo's annual construction in progress declined from Dec. 2023 (£226 Mil) to Dec. 2024 (£213 Mil) but then increased from Dec. 2024 (£213 Mil) to Dec. 2025 (£270 Mil).

Fresnillo Construction In Progress Historical Data

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The historical data trend for Fresnillo's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Fresnillo Construction In Progress Chart

Fresnillo Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 605.10 378.88 225.52 213.26 270.11

Fresnillo Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 225.52 0.00 213.26 0.00 270.11
LSE:FRES
85GF Score
Fresnillo PLC LSE:FRES
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Fresnillo Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of £270 Mil mean?
Fresnillo (LSE:FRES) has a Construction In Progress of £270 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on Fresnillo and its competitors.
Is Fresnillo's Construction In Progress too high?
Fresnillo's current Construction In Progress is £270 Mil. Overall, Fresnillo has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fresnillo's Construction In Progress compare to HL?
Fresnillo's Construction In Progress of £270 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Metals & Mining company?
A good Construction In Progress depends on the Metals & Mining industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Fresnillo and its competitors. Fresnillo's current Construction In Progress is £270 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fresnillo stock overvalued right now?
Based on GuruFocus' analysis, Fresnillo (LSE:FRES) is currently considered Significantly Overvalued. The stock's GF Value™ is £12.64, compared to a current price of £28.68 — trading 126.9% above its estimated fair value. The current Construction In Progress is £270 Mil. Fresnillo's overall GF Score™ is 85/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Fresnillo (LSE:FRES), the current Construction In Progress is £270 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Fresnillo (LSE:FRES) Overvalued in 2026?

Based on GuruFocus' analysis, Fresnillo stock appears to be overvalued. The current stock price of £28.68 is trading 126.9% above its estimated GF Value™ of £12.64. GuruFocus considers Fresnillo to be Significantly Overvalued.

Key valuation signals for LSE:FRES:

  • Construction In Progress: £270 Mil
  • GF Value™: £12.64 vs. price of £28.68 (126.9% above fair value)
  • GF Score™: 85/100

No single metric tells the full story. See the LSE:FRES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Fresnillo Business Description

Address Calzada Legaria No. 549, Torre 2, Piso 11, Delegacion Miguel Hidalgo, Mexico, DF, MEX, 11250
Fresnillo PLC explores, develops, and produces silver and gold resources mainly in Mexico. The company's reportable segments comprise seven producing mines: the Fresnillo, Saucito, and Juanicipio underground silver mines located in Zacatecas; the Cienega underground silver-gold mine in Durango; the Herradura and Noche Buena surface gold mines in Sonora; and the San Julian underground silver-gold mine situated on the border of Chihuahua and Durango. Its mining operations involve both underground and open-pit mining methods, depending on the characteristics of each deposit.
85GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£28.68
Price
£12.64
GF Value