One of the main drivers of the Group’s growth is the investment in exploration and the development of projects and prospects with the potential to become low-cost operating mines. Therefore our disciplined approach to investment includes the evaluation of economic ore grades, maximum extraction costs and an established reserve base.
Our key strengths are:
- Our status as the world’s largest primary silver producer with the world’s largest primary silver mine.
- Vast growth potential through a range of development and exploration projects.
- A strong tradition of mining with a highly experienced management team.
- An attractive country environment along with local management expertise.
- A strong focus on costs driving Fresnillo's profitability.
- Responsibility towards employees, the environment and the communities in which we operate.
Our strategy to consolidate our position as the world’s largest primary silver producer is as follows:
- Doubling production, on a silver equivalent ounce basis, within the next ten years and increasing our gold production thus further diversifying our precious metal asset base.
- By the further development of our Saucito and Soledad and Dipolos assets and further exploration.
- Through maximising the potential of our existing operations across Mexico.
- By seeking additional growth opportunities and expanding its resource base via joint ventures, continued exploration and selective acquisitions of opportunities in Mexico and potentially elsewhere in Latin America.
- Maintaining operations with lowest cash cost quartile.
