San Julián (Phase II)

The San Julián silver-gold project is a cornerstone of the Company’s 2018 production goals. The geological potential identified in the region thus far may be sufficient to establish a new mining district in the future.

Overview

Ownership: 100% Fresnillo plc
Location: Chihuahua/Durango border
Facilities: Underground mine, flotation plant and a dynamic leaching plant
Commercial Production: 3Q16 (Phase I) / 2Q17 (Phase II)
Anticipated Production: Avg. annual production of 11.6 moz silver, 63.7 koz gold
Pre-operative Capex: US$515 million
Life of mine: 12 years

The San Julián project includes construction of two plants: i) a dynamic leaching plant to treat ore from the veins and 
ii) a flotation plant with 6,000 tpd capacity to process ore from the disseminated body. 


Quarterly Production

  1Q17 4Q16 % change FY16
Ore processed (t) 306,082 301,235 1.6 423,069
         
Production        
Gold (oz) 20,129
24,365 -17.4 31,397
Silver (koz) 1,386 1,581 -12.3 2,066
         
Ore grades        
Gold (g/t) 2.18 2.67 -18.3 2.47
Silver (g/t) 156.68 181.33 -13.6 172.46

Priorities:

  • Commission the floatation plant (Phase II) expected 2Q17