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Searching for the perfect development shares to purchase? Listed below are two rocketing FTSE 100 shares that demand severe consideration.
Fresnillo
Gold shares have been attracting severe consideration this yr as yellow steel costs have soared. Silver shares similar to Fresnillo (LSE:FRES) have additionally confirmed to be profitable shares to personal amid the push to safe-haven property.
The Mexican miner has risen a staggering 269% in worth in 2025. It displays the corporate’s appreciable silver publicity, costs of that are rising extra sharply than gold bullion.
Fresnillo’s finest generally known as the world’s largest silver producer, although it additionally has appreciable gold property. Within the first half of 2025, it produced 24.9 million ounces of silver and 313,800 ounces of gold.
It’s subsequently been in a chief place to additionally seize the booming silver worth. The steel’s up 75% within the yr so far and on Thursday (9 October), it breached $50 per ounce for the primary time in 40 years.
These positive factors outshine the 53% improve gold costs have loved. However historical past suggests silver’s nonetheless underbought in comparison with its costlier cousin, leaving the potential for additional spectacular positive factors.
The gold:silver ratio — which measures how a lot silver is required to buy one ounce of gold — sits at 80:1. That is nonetheless a good distance beneath the long-term common of 60:1.
Silver costs would wish to achieve $67, up nearly $17 from at the moment, to carry it in keeping with the long-term common relative to the present gold worth. Keep in mind although, that each valuable metals may fall in worth if demand for safe-haven property weakens.
Metropolis analysts anticipate Fresnillo’s earnings to soar 552% in 2025, and by one other 13% subsequent yr. I believe it’s price an in depth look regardless of the high-risk nature of metals mining.
Antofagasta
It’s not simply demand for store-of-value metals that’s heating up both. Provide shortages within the copper market is supercharging costs right here, too — the pink steel’s touched 16-month highs above $11,000 a tonne in current hours.
As with gold shares, that is powering copper producers together with Antofagasta (LSE:ANTO) greater. This FTSE 100 miner has risen 71% in worth within the yr so far.
Important materials shortages are rising as main mines endure points together with pure disasters, social unrest, mine collapses and disappointing ore grades. Codelco — which is the world’s largest copper miner by output and reserves — produced simply 93,400 tonnes in August, the bottom since information started in 2003.
Metropolis analysts anticipate Antofagasta’s annual earnings to soar 26% in 2025, and to rise one other 4% in 2026. The enterprise plans to supply 660,000-770,000 tonnes of copper this yr, and is hoping to lift this to 900,000 tonnes within the subsequent few years. This might make it a wonderful development inventory to contemplate holding past the fast future.
