Mining company Fresnillo said it had hedged 7% of its 2021 silver production. The transaction was structured as a 'collar' with an average floor price of $20 per ounce and average price ceiling of around $50 per ounce. Fresnillo said the transaction provided it with the benefits of locking in a strong margin for the volume hedged for 2021. The floor silver price, it said, was well above the 2019 average realised price of $16.1 per ounce. At 1:10pm: (LON:FRES) Fresnillo PLC share price was -3p at 1340p
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