The FTSE 100 is ahead in early trading after near triple-digit losses at the end of yesterday's session, supported by banks and miners.
London's leading index climbed 27.51 points or 0.46% to 5,992 following hikes in metals and oil prices, with Fresnillo leading the large-cap miners higher. The Mexican miner's silver production slipped slightly in the quarter to 31 March, but expanded capacity at its Soledad-Dipolos mine helped lift gold production by 13.3% to 96,407 ounces. Fresnillo's chief executive Jaime Lomelin said the company is on track to produce 44m ounces of silver over 2011. it was trading up 2.22% to 1,611p per share. Elsewhere in mining, Rio Tinto said first quarter production in Australia was hit by the...
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