That’s a substantial figure — and for most investors, it quickly reframes the challenge. This is no longer just about saving steadily into an ISA, but about the type of investments needed to build meaningful long-term income power.

Rather than staying at the level of theory, I’ve highlighted two UK stocks I believe could be worth considering for investors aiming to move towards that kind of income target over time.

Cash king

Fresnillo (LSE: FRES) is not a typical FTSE 100 stock. As a leveraged play on precious metals, it can generate extraordinary cash when conditions are favourable.

FY25 showed that clearly. Revenue rose 27.6% to $4.6bn, EBITDA (earnins before interest, tax, depreciation, and amortisation) jumped more than 80% to $2.8bn, and profit before tax nearly tripled. Earnings per share increased more than fourfold year on year.

Importantly, this was achieved with average realised prices of around $43 for silver and $3,500 for gold. Despite recent weakness, spot prices remain well above those levels.

That matters because Fresnillo’s earnings power is highly sensitive to metal prices. When they move, profits don’t just rise gradually — they accelerate sharply.

A structural boost for metals

The longer-term backdrop for precious metals still looks supportive. Silver demand is driven by industrial uses such as solar, EVs, and electronics, alongside its role as a monetary hedge. At the same time, supply remains constrained due to long mine development timelines.

Gold is also benefiting from central bank demand and fiscal uncertainty, supporting the case for structurally higher prices over time.

Of course, this is not a low-risk business. Mining is operationally sensitive, and rising energy costs, falling grades, or production disruptions can quickly pressure margins even in strong price environments. Regulatory risk in Mexico is another factor investors cannot ignore.

But despite that volatility, I still think Fresnillo offers exposure to a structural precious metals trend that is far from over. That’s why I view it as one to consider alongside other long-term ISA holdings

Fallen giant

Diageo (LSE: DGE) has been one of the FTSE 100’s more painful large-cap performers in recent years.

But the key question for investors is whether this is a structural deterioration in the business — or simply a cyclical reset being mispriced by the market.

What matters is that underlying consumption trends have not collapsed. Consumers are still drinking, but they are trading down and moderating their spending rather than exiting the category entirely. That points to cyclical pressure, not a permanent demand shift.

Premiumisation — one of Diageo’s key long-term growth drivers — is also not broken. High-end brands such as Johnnie Walker, Tanqueray, and Don Julio continue to perform well, even if growth has become more uneven across price points.

In response, the group is adjusting its portfolio to meet demand where it’s strongest. This includes smaller pack formats and faster-growing ready-to-drink categories. That’s more about repositioning than strategic change.

The broader takeaway is that the market may be overpricing short-term weakness while underestimating the resilience of the underlying brand portfolio.

For long-term investors, that combination of cyclical pressure and structural strength is exactly where value opportunities tend to emerge — which is why I see Diageo as one to consider.

The post How to build a £20,000-a-year passive income from a Stocks and Shares ISA appeared first on The Twelfth Magpie.

That’s a pretty great return, I’m sure you’ll agree. But some FTSE 100 shares have performed far better in that time. Take Babcock International (LSE:BAB), Fresnillo (LSE:FRES), and Lion Finance (LSE:BGEO). A £20k lump sum spread equally across these blue chips five years ago would have turned into £129,207 over the same period.

The question is, can these high performers keep delivering stratospheric returns? Past performance isn’t a guarantee of future returns, but I think they can. Here’s why.

Defence giant

Babcock has delivered an average annual return of 14.8% over five years. As one of Europe’s largest defence companies, its shares have soared since the Ukraine war began in 2022. Earnings have jumped as regional arms spending has accelerated, driving its promotion from the FTSE 250 in March 2025.

But that’s not all. A successful turnaround strategy has also thrust Babcock’s share price through the roof. The results? A sharp reduction in debt, the sale of low-margin businesses, fewer cost overruns, and a reinstated dividend that have all reignited investor appetite.

It’s now in a much better shape to capitalise on the improving defence sector outlook. Remember, though, that supply chain issues could stall its momentum.

Gold star?

Mexican miner Fresnillo is the country’s largest gold miner. It’s also the biggest silver producer by volume on the planet. So it’s delivered spectacular investor profits as demand for these safe-haven assets has exploded.

Over a five-year horizon, the average yearly return comes in at 34.5%. But precious metal prices have buckled more recently as the US dollar has roared back. So could the party be over for Fresnillo shares? Possibly, but I’m not convinced. The buck could keep gaining momentum as interest rates likely rise.

However, there’s a plethora of reasons to expect gold and silver to bounce back and for Fresnillo to rise again. These include:

• Rising geopolitical tensions
• Slowing economic growth
• Returning inflationary pressures
• Rising jewellery demand in emerging markets
• Increasing bullion purchases from central banks

Roaring returns

Like Babcock shares, Lion Finance’s stock traded on the FTSE 250 until very recently (March, in fact). Its share price growth has put those of high-flying UK banks like Lloyds and Barclays firmly in the shade. With dividends added in, the average annual return over five years is an extraordinary 64.4%.

This reflects Lion’s focus on developing markets Georgia and Armenia. Rapid economic growth here has supercharged the bank’s revenues and profits, and delivered those stunning share price gains. The bank’s net income has soared around eight times since the pandemic, reflecting low product penetration and strong economic growth in its territories.

A slowdown following the Iran war could impact near-term performance. But given its huge structural opportunities, I expect more blistering returns from Lion Finance shares over the next five years.

The post Fancy turning £20k into £129,207? Consider these FTSE 100 stocks to buy appeared first on The Twelfth Magpie.

Against the backdrop of the Iran War, investors’ appetite for riskier assets like equiries crumbled. ISA users didn’t even need to buy any shares to utilise some or all of their £20k yearly allowance. Just depositing cash was enough. Yet investor appetite remained muted.

Given the huge discounts many stocks now trade on, this is a missed opportunity, in my view. History shows that quality stocks always recover strongly in value when confidence in the stock market improves. Buying these cheaply can supercharge one’s returns over time.

It’s not too late to go bargain-hunting with a Stocks and Shares ISA though. Here are just twocheap FTSE 100 stocks that I think demand a close look.

Fresnillo

Precious metals stocks like Fresnillo (LSE:FRES) have had a bumpy ride of late. The reason? Dollar-denominated commodities like gold and silver have slumped as the US currency has gained momentum.

This leaves some tasty bargains to consider. This particular FTSE 100 miner now trades on a forward price-to-earnings growth (PEG) ratio of 0.4. Any sub-1 reading implies excellent value.

Despite their recent blip, gold prices are up 176% over the last five years. In my view, investors can expect further strong gains over a longer time horizon. Central banks are tipped to keep buying bullion to diversify their currency holdings and guard against risk. I’m also expecting demand from retail and institutional investors to keep rising as geopolitical and macroeconomic issues linger.

Buying Fresnillo shares does expose stock investors to the unpredictable business of mining and that’s a risk that can’t be shrugged off. But the Mexican company’s huge operational footprint means less risk than most other UK mining shares.

Sage Group

Over six months, Sage (LSE:SGE) shares have dropped a painful 25% in value.

Like Fresnillo, the software firm’s dropped sharply since the start of the Iran War. In this case, worries over company tech spending as inflation rises and growth slows has hit the stock.

But that’s not all pushing Sage’s share price lower. It’s also been a victim of recent AI-related volatility — could demand for its accounting and payroll software slump if businesses choose to do these processes with AI?

The threats are higher, no doubt, than they were six months ago. However, I feel the scale of the sell-off is overblown. Sage now trades on a forward price-to-earnings (P/E) ratio of 18.7 times. That’s significantly below the 10-year average of 31–32.

I feel the company’s strong long-term outlook remains intact. More and more businesses are digitalising their operations, and by embracing AI itself Sage is better placed to seize this opportunity. I think considering the FTSE 100 share at today’s low price is worthwhile.

The post Consider these FTSE 100 bargain shares in a Stocks and Shares ISA! appeared first on The Twelfth Magpie.

By investing in these industry titans, a portfolio automatically benefits from a variety of advantages, including proven business models and substantial economies of scale.

Over the long term, having this upper edge can help deliver some robust gains for investors. So with that in mind, let’s explore how someone with £5,000 can start building wealth with the FTSE 100.

Diversified passive growth

One of the easiest ways to invest in the FTSE 100 is with a low-cost index tracker. Within a single transaction, a portfolio becomes instantly diversified across all 100 of the UK’s large-cap companies, granting some level of exposure to almost every industry.

Historically, investors following this strategy have earned an average of around 8% a year. But as previously mentioned, 2025 was an exceptional year. And investors went on to earn a chunky 26.1% total gain, transforming £5,000 into roughly £63,05 in just 12 months!

Maximising returns

Last year’s 26.1% total return for index investors was impressive. But it pales in comparison to what some stock pickers achieved in the same time frame.

Take Fresnillo (LSE:FRES) as a perfect FTSE 100 example to consider. The Mexican gold and silver miner was perfectly positioned to capitalise on the enormous tailwinds driving up demand for precious metals.

Higher inflation paired with rising geopolitical tensions enabled the group’s revenue to charge ahead by 30.5% in 2025. But since operating expenses remained largely fixed, the group was able to exercise exceptional operating leverage. And consequently, total net income skyrocketed by 594.3% from $226.7m to $1.6bn!

With that in mind, it’s no wonder the share price erupted by more than 430%, transforming £5,000 into over £26,500. And that’s before counting dividends!

Still worth considering

With demand for precious metals remaining strong in 2026, the price of gold has continued to climb, with silver remaining largely stable at elevated levels. And with both commodities continuing to trade at record high levels, Fresnillo looks once again primed to deliver some powerful profits in 2026.

However, whether that will translate into further explosive share price gains isn’t guaranteed. Why? Because these growth expectations may already be baked into the share price. And even if gold and silver prices continue to climb, Fresnillo’s production volumes have actually been steadily suffering as a result of falling ore grades at its mines.

With management investing heavily in late-stage exploration projects as well as executing international acquisitions, production volumes are expected to eventually get back on track. But whether or not precious metal prices will still be elevated by then is the main risk investors need to carefully consider.

Overall, I’m not convinced that Fresnillo will be another four-bagger for investors in 2026. But it goes to show that by investing in the right ones, stock pickers can achieve jaw-dropping returns that leave passive index investors in the dust.

The post How to invest £5,000 in the FTSE 100 today appeared first on The Twelfth Magpie.

Macro reset

Over the past few weeks, many investors have been puzzled by the lack of strength in precious metals following heightened geopolitical tensions in the Middle East. In fact, prices have been relatively subdued.

Now, with a temporary ceasefire in place, metals are beginning to move higher again. So what has actually been driving the volatility?

Part of the explanation may lie in positioning. When silver surged to around $120 before falling sharply by 30% in a single session, a significant amount of speculative excess was flushed from the market. That kind of move tends to reset positioning and remove froth.

But beneath the surface, the broader macro backdrop remains largely unchanged. US debt has continued to climb, moving beyond $39trn, while the dollar has been gradually weakening over the past year.

Historically, a softer dollar tends to be supportive for precious metals as global investors seek alternative stores of value.

Silver story

Beyond the short-term noise, the more important driver for silver is the depth and breadth of industrial demand.

This is no longer a single-sector story. Silver now sits inside a wide range of critical technologies — from advanced electronics and data infrastructure to defence systems, EVs and renewable energy components. In many of these applications, there’s no simple substitute without a loss of efficiency.

What matters more, however, is the supply side.

New production cannot respond quickly. Developing a mine is a slow, capital-intensive process that can take well over a decade from discovery to full output. Even when prices rise sharply, output does not adjust in real time.

That creates a structural imbalance: demand is increasingly diversified and growing, while supply remains rigid. In fact, the market has spent multiple recent years in deficit, with demand consistently running ahead of new supply.

This is why price volatility can look extreme in the short term, yet the underlying market can still tighten over time.

Risks

Fresnillo is not immune to structural risks, even in a strong metals environment. The most immediate pressure point is energy costs, which represent the largest component of a miner’s cost base.

Recent volatility across energy markets is likely to lead the industry to increase hedging activity in future. This could potentially lock in a higher long-term cost base.

As always, mining remains capital-intensive, cyclical, and sensitive to both input costs and operational execution.

What’s the verdict?

The key question now is whether the worst of the sell-off is over and whether gold and silver have found a level of support after recent volatility. That remains uncertain.

However, Fresnillo’s latest results highlight a very different point: even at current prices, the business is generating substantial cash flow and record dividends.

This is a classic high-volatility, high-leverage miner. Prices will swing sharply, but the underlying cash engine is already working. For investors willing to tolerate the volatility, it remains a stock worth considering.

The post Fresnillo share price rebounds as a FTSE 100 top mover after a 30% sell-off — what’s next? appeared first on The Twelfth Magpie.

In fact, someone who put £60,000 to work in a SIPP at the start of the 2025/26 tax year could now be sitting on close to £250,000 today. Here’s how.

Unleashing the power of a SIPP

Not everyone in Britain has the luxury of earning enough to use up the full £60,000 annual SIPP allowance. But for the higher earners looking to build retirement wealth, the 2025/26 tax year has proven to be exceptionally lucrative.

After 20% tax relief, a £48,000 deposit is automatically topped up to £60,000 by the government. And while higher earners can claim an additional 20%, that money isn’t automatically added to the SIPP but rather awarded at the end of the tax year. So to keep things simple, let’s ignore this extra relief.

Looking back to roughly 12 months ago, the FTSE 100 took a chunky tumble following the announcement of widespread US tariffs.

However, the smart investors who used their recently refreshed allowance to capitalise on the chaos with a tracker fund have gone on to earn a staggering 39.7% total return, transforming £60,000 into £83,820.

But for some stock-pickers, the gains have been even more explosive.

Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice. Readers are responsible for carrying out their own due diligence and for obtaining professional advice before making any investment decisions.

A staggering result

With geopolitical uncertainty sending demand for precious metals like gold through the roof, Fresnillo (LSE:FRES) shares have skyrocketed since 7 April, climbing a staggering 312%!

That means even before dividends, anyone who invested £60,000 in a SIPP last year is now sitting on a nest egg worth roughly £247,200 – more than double the size of the median UK pension pot.

This goes to show that by picking the right stocks and making use of the £60,000 SIPP allowance, even if it’s just a small portion of it, investors can unlock an enormous amount of wealth.

Still worth considering?

The mining giant continues to benefit from both surging silver and gold prices. And looking ahead, management appears confident that precious metal prices will remain elevated in 2026, driven by both higher demand for traditional safe haven assets, as well as higher demand from the industrial sector.

That certainly sounds encouraging. But then why did Fresnillo shares drop recently on the back of its latest record results?

The answer most likely is that all of the expected growth in 2026 is already baked into the share price. And consequently, if geopolitical and trade tensions cool, gold and silver prices might actually retreat, sending Fresnillo shares plummeting rather than surging.

The impact of lower metal prices is only amplified by the fact that the group’s production volumes are actually projected to fall this year. And while the company does have several promising projects in late-stage exploration, it could still be several years before they enter commercial production.

With that in mind, the risk-to-reward ratio surrounding Fresnillo shares doesn’t look particularly enticing to me right now. But the good news is there are plenty of other promising growth opportunities for UK investors to explore for their SIPPs in the new tax year.

The post £60,000 invested in a SIPP on 7 April 2025 could now be worth… appeared first on The Twelfth Magpie.

Individuals don’t actually need to buy shares, trusts, or funds to max out their Stocks and Shares ISAs for the year. Just depositing cash into one of these tax-efficient accounts is enough. But with so many top cheap stocks out there, why wait?

Here are two top FTSE 100 shares to consider before the April 5 deadline. I think they offer exceptional value at today’s prices.

Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice. Readers are responsible for carrying out their own due diligence and for obtaining professional advice before making any investment decisions.

Silver slumper

Precious metals miner Fresnillo (LSE:FRES) has slumped 15% over the last month as gold and silver prices have dropped. At £32.90 per share, it trades on a forward price-to-earnings-to-growth (PEG) ratio of 0.3.

Any reading below one indicates a share trading below value.

Bullion prices have dropped back below $5,000 per ounce as the US dollar has rallied. A more expensive buck makes holding assets like gold and silver less cost effective. The question is, will the precious metals boom of recent years resume? I think so.

The US dollar could continue to head northwards, of course. A prolonged Middle East conflict could significantly boost inflation, meaning the US Federal Reserve holds (or perhaps even raises) interest rates. But I’m confident the currency will trek lower again when the US’s enormous debt levels and volatile political landscape come back into focus.

This doesn’t necessarily mean gold and silver will rise. But adding in those rising inflationary pressures, an increasingly turbulent geopolitical backdrop, and growing fears over the global economy, I think conditions could be perfect for the metals to rebound.

I think Fresnillo could be a great share to buy to capitalise on this. As the world’s largest silver producer and a major gold supplier, it enjoys stable operational leverage which — as we’ve seen in recent years — can lead to outsized share price gains.

Another FTSE 100 faller

Barratt Redrow‘s (LSE:BTRW) share price has fallen an even more sizeable 25% over the past month. It leaves the builder trading at classic bargain-basement levels.

At 287.7p per share, the FTSE company trades on a price-to-book (P/B) ratio of 0.6. Like the PEG multiple, a reading below one suggests great value.

Barratt has slumped due to expectations of soaring inflation and its impact on interest rates. Mortgage lenders are already hiking their lending costs following the Middle East crisis — according to Moneyfacts, a typical new mortgage is now £788 more expensive per year than before the war began.

Homebuyer affordability could continue to worsen if the conflict carries on. But could Barratt Redrow be worth a close look from long-term investors? I think so.

I personally hold the FTSE 100 builder in my own portfolio. As Britain’s population rapidly grows, I expect demand for newbuild homes to similarly take off. And as the country’s largest housebuilder by volume, Barratt Redrow’s in the box seat to capitalise on this trend.

The post 2 FTSE 100 bargain shares to consider this ISA season! appeared first on The Twelfth Magpie.

However, the FTSE 100 stock has come off the boil recently. In fact, anyone who invested £5,000 in Fresnillo just five weeks ago would have lost around £850 following a 17% pullback.

From a peak of 4,448p in January, the stock has now fallen 26% to 3,250p. Does this dip present a buying opportunity to consider?

Operating leverage

For those unfamiliar, Fresnillo is the world’s largest silver producer and Mexico’s leading gold miner. It owns a portfolio of high-quality assets, with over 2bn ounces of silver resources and 54m ounces of gold.

Last year, revenue jumped 30.5% to $4.56bn, while net profit skyrocketed 594.3% to $1.57bn. And this despite production volumes actually declining (silver and gold fell 13.5% and 5%, respectively). 

So why did profit grow nearly 20 times faster than revenue? Well, this is a classic example of operating leverage in the mining sector. As gold and silver prices have soared, Fresnillo has benefitted from covered fixed costs, meaning extra revenue has basically dropped straight to the bottom line as pure profit.

This enabled the Mexican miner to dish out $950m in dividends to shareholders last year, a record amount. Adding these in, the 12-month total return is approximately 275%.  

CEO Octavio Alvídrez commented: “These results demonstrate our ability to leverage our high-quality asset base while managing costs carefully to expand margins, resulting in significant cash generation and returns to our shareholders.” 

Is the bull run over?

Precious metals have been on a historic bull run, driven higher by various factors. These include:

• Global economic instability
• Geopolitical tensions
• Central banks buying gold aggressively
• Record global government debt
• Supply constraints
• Industrial demand for silver

For Fresnillo, the question now is, will gold and silver keep soaring? Well, I don’t have a crystal ball to know where commodity prices are heading in the short term. If gold and silver keep falling, then so will Fresnillo’s share price. This is the obvious risk here.

However, I think most of the structural drivers mentioned above are still very much intact. Take sovereign debt. When money is printed to service debt, the purchasing power of fiat currency drops. Gold and silver, which obviously cannot be printed, act as a sort of insurance policy against this debasement. 

From what I see, governments in the West currently have little appetite to reduce public spending. Meanwhile, silver has rising industrial uses in solar panels, electric vehicles, and defence applications.

Gold has hit record highs in the period, reflecting geopolitical tensions, while we are also seeing a strong underlying support from central banks. We expect these themes or aspects to continue for the foreseeable future.
Fresnillo

Dividend yield

The stock’s offering a decent 3.6% forecast dividend yield. And following another production dip this year, the miner expects gold and silver volumes to bounce back in 2027 and 2028.

A recent acquisition in Canada has added another 10m ounces of gold to its resource base, while the balance sheet is in tremendous shape.

For investors with a stomach for volatility, I think Fresnillo is worth considering after its 26% fall.

The post £5,000 invested in Fresnillo shares 5 weeks ago is now worth… appeared first on The Twelfth Magpie.

Share price crash

I see two main reasons for the recent 25% drop in the miner’s share price. First is obvious: prices. Silver soared to $120 an ounce earlier this year, and even after falling to $79, it’s still more than three times higher than just a couple of years ago.

But the bigger story is production. Despite delivering record results this month, output fell — silver dropped 13.5% and gold 5%.

Looking ahead to FY26, silver production is forecast in the range of 42-46m ounces, before rebounding toward 50m ounces in 2027.

The company is also laying the groundwork for future growth. Capital expenditure is rising sharply, aimed at mine optimisation and development projects.

Exploration is accelerating, with six advanced projects now in the pipeline, two more than last year. And the recent all-cash acquisition of Probe Gold in Quebec instantly adds 10m ounces of gold to the resource base while giving the miner access to established infrastructure and skilled teams.

With a clear plan to grow resources and production, the miner’s long-term appeal now hinges on whether gold and silver prices can stay strong over the coming years.

Strategic asset

Silver and gold are no longer just investment plays — they’re critical to national security. Both the US and China have classified silver as a ‘critical mineral’, and strategic buyers move quietly to secure it before it’s needed.

These governments, along with other major players, are quietly taking delivery of physical metal — not to trade on short-term price swings, but to secure supply for manufacturing, technology, and defence.

At the same time, global demand for EVs, solar panels, 5G, and advanced electronics continues to rise, while production struggles to keep pace. New mines take over a decade to come online, creating structural shortages. Even when prices spike or fall, accumulation by strategic buyers shows no sign of slowing.

For investors, the takeaway is clear: the market may appear volatile, but the underlying scarcity and strategic importance of these metals could support Fresnillo’s earnings for years, laying a foundation for long-term gains beyond daily price noise.

Rising costs

Even with strong metals prices, Fresnillo isn’t immune to risks. The single largest cost for any miner is energy — from running machinery to transporting ore — and oil prices climbing back above $100 a barrel could quickly squeeze margins.

Other operational risks remain, too. Mining is a depleting business: ore bodies eventually run out, and replacing them isn’t guaranteed. Environmental regulations, safety compliance, and capital-intensive projects like deepening shafts or expanding tailings dams can also push costs higher.

Bottom line

Fresnillo’s share price has soared over the past two years but has also hit ‘crash territory’ twice in the last 12 months, each drop exceeding 20%.

Volatility is inevitable, but conviction matters just as much as charts. With gold and silver expected to remain strong, I used this pullback to add to my holdings.

The post This FTSE 100 stock soared 900% — but after a 25% crash, is the rally over? appeared first on The Twelfth Magpie.

Given the enormous tax benefits of the ISA — not a penny is due to HMRC on capital gains or dividends — any failure to ‘max out’ the full allocation can really hit you in your pocket. At this time of year, I’m looking to put as much money in my own account as possible.

That doesn’t mean I have to buy any stocks, trusts or funds right away. Just making the deposit itself is enough to secure this year’s allowance. But why wait? There are stacks of bargain shares on the FTSE 100 alone to choose from. Some look even more tasty from a value perspective following recent stock market volatility.

Here’s one dirt cheap FTSE share I think deserves serious attention today.

Silver surfer

Fresnillo (LSE:FRES) is the world’s biggest sliver producer, as well as a significant gold supplier. As such, its shares have taken off as precious metals have exploded. It’s risen a spectacular 334% in value in the last year alone.

Yet today, Fresnillo’s share price still offers stunning value. At £36.96 per share, the company trades on a forward price-to-earnings growth (PEG) ratio of 0.4. Earnings are tipped to surge 46% year on year in 2026.

A reminder that a PEG ratio of 1 implies a share that’s undervalued. So why is the FTSE 100 company trading so cheaply?

It could be that the market fears gold and silver prices could remain volatile following their recent stunning gains. It’s also worth remembering that mining for metals is extremely unpredictable business.

Even if bullion prices keep rising, a company’s share price can sink if it endures exploration, mine development or production issues. These can leave earnings projections in tatters.

Can Fresnillo shares keep rising?

Yet on balance, I think the potential rewards of buying Fresnillo shares could offset these dangers. It’s why I think the Latin American miner’s worth serious consideration this ISA season.

First off, the £28 billion-cap company has enormous scale that helps it absorb localised operational issues. It has eight working mines in Mexico and a string of advanced development and exploration projects spanning The Americas. If one project experiences problems, it doesn’t knock the group as a whole out of sync.

This leaves it better placed to exploit the long bull run in precious metals. The question is, can gold and silver keep soaring? I think they can, as safe haven demand from central banks and investors marches ever higher.

Inflows into gold-backed exchange-traded funds (ETFs) soared again in February, according to the World Gold Council. This resulted in the strongest ever two-month start to a calendar year. With geopolitical tensions increasing and inflation fears growing too, I expect Fresnillo shares to keep heading higher, giving ISA investors a boost.

The post The ISA deadline’s almost on us! Here’s a last-minute FTSE 100 share to consider appeared first on The Twelfth Magpie.