OUR GOAL IS TO MAINTAIN THE GROUP’S POSITION AS THE WORLDS LARGEST PRIMARY SILVER COMPANY, PRODUCING 65 MILLION OUNCES OF SILVER AND 500,000 OUNCES OF GOLD BY 2018

Exploration

The Group maintains the largest land area of concessions for precious metals exploration and mining in Mexico.

Exploration continues to be the key growth driver for the Fresnillo Group, in both greenfield and brownfield regions.
We focus on locating projects and properties with large tonnage that extend our resource base and with low-cost potential in Mexico and Latin America.

We do this through continuous investment in exploration irrespective of price cycles, and ongoing acquisition of mining concessions and surface land.

Our geologists have significant technical expertise and a proven track record of new discoveries.

We also look for opportunities to acquire early-stage projects with strong growth potential or to partner with other groups through agreements that allow us to share the inherent benefits and risks of prospect exploration.

This comprehensive approach results in a pipeline of projects that extend across the multiple stages of exploration (detection, discovery and definition) and ensure long-term organic growth.

The Group has four Exploration Offices – in Zacatecas, Toluca, Chihuahua and Hermosillo. Each has an HSECR programme focused on health, safety, environmental management systems and community engagement initiatives that allow us to build positive relationships from the earliest interactions.

Our long-term objective is to dicover and develop economically viable silver-gold deposits and to advance new and early stage prospects into the drilling and advanced exploration phases.

Exploration Expenditure 

Investment at current mines helps replenish reserves and explore areas of influence; at development project we convert resources into reserves and expand the total resource base; prospecting and drilling at early stage prospects and projects feeds our growth pipeline.

The development of underground mines takes time, with results from surface drilling requiring confirmation by underground exploration and the metallurgical testing of bulk samples. We conduct initial underground exploration and development in the pre-feasibility phase in a manner that will optimise the investment and shorten future mine development schedules.

What we plan to do in 2012 

Conclude the pre-feasibility study at San Julián and initiate construction

Continue development and ramp construction at Centauro Deep

- Conclude the pre-feasibility study at Juanicipio 

- Define metallurgy and determine mining method at Orisyvo

- Initiate the pre-feasibility study at Las Casas (Cienega)

Top of page