Mines in Operation
Maximise the potential of existing operations
Operational focus and criteria
Our operating mines are located within prime gold and silver mining districts in Mexico, supported by extensive investment in technology, that enhances productivity and efficiency, teamed with high-quality assets selectively added in exploration and development phase, we remain competitively positioned in cash cost performance.
|» Fresnillo||Underground||Silver primary||1554|
|» Saucito||Underground||Silver primary||2011|
|» Herradura||Open pit||Gold||1997|
|» Soledad-Dipolos||Open pit||Gold||2010|
|» Noche Buena||Open pit||Gold||2012|
|» San Julián||Underground||Silver/Gold||2016|
*Operations at Soledad-Dipolos currently suspended
|4Q17||4Q16||% change||3Q17||YTD17||YTD16||% change|
|Total Silver (koz)||16,015||13,316||20.3||14,613||58,673||50,303||16.6|
Sum of ounces produced, plus ounces accrued through the Silverstream contract. This indicator monitors total production levels at our mines and contributions from advanced development projects.
*Source: Fresnillo 2016 Annual Report - Annual Silver / Gold production
Operational Highlights (FY17)
- Record annual silver production of 58.7 moz (including Silverstream) up 16.6% vs. 2016, in line with guidance primarily as a result of the first complete year of San Julián (phase I) operating at full capacity and the start-up of operations at San Julián (phase II)
- Annual gold production of 911.1 koz exceeded guidance principally as a result of the full year operations at San Julián (phase I). Gold production slightly decreased -2.6% vs. 2016 due to the expected lower reduction of gold inventories and the anticipated lower ore grade deposited at the leaching pads at Herradura.
- Construction of the San Julián mine now finished with the completion of San Julián Phase II. We expect the mine to achieve average annual production of 14.2 moz of silver and 49.3 koz of gold. San Julián Phase II was commissioned on budget, and the project reached nameplate capacity as expected in Q3, highlighting our ability to bring new mining projects to fruition.
- Performance at the Fresnillo mine improved with full year silver production up 4.1% over 2016, but further actions taken to ensure a sustained improvement.