Mines in Operation

Fresnillo B Model Operate Small

Strategic focus:
Maximise the potential of existing operations

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.

Key assets

Asset Type Commodity Year
» Fresnillo Underground Silver primary 1554
» Saucito Underground Silver primary 2011
» Ciénega Underground Gold/Silver 1992
» 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

Total Production

  2Q17 2Q16 % change 1Q17 1H17 1H16 % change
Silver (koz) 13,328 11,777 13.2 12,424 25,752 22,824 12.8
Silverstream (koz) 1,188 1,217 -2.4 1,105 2,292 2,388 -4.0
Total Silver (koz) 14,515 12,994 11.7 13,529 28,044 25,212 11.2
Gold (oz) 223,479 217,645 2.7 222,290  445,769 447,569 -0.4
Lead (t) 11,385 11,585 -1.7 11,461 22,846 22,668 0.8
Zinc (t) 14,919 12,529 19.1 13,806 28,725 25,380 13.2

Annual Production

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.

AR16 Reserves Chart

*Source: Fresnillo 2016 Annual Report - Annual Silver / Gold production

Operational Highlights (1H17)

  • Silver production of 28.0 moz (including Silverstream), up 11.2%, and gold production of 446 koz, broadly in line
  • Construction of San Julián (phase II) completed on time and on budget and commercial production began in mid-July
  • The turnaround plan at the Fresnillo mine continues to show positive signs as volume of ore processed increased for the fourth consecutive quarter
  • On track to achieve 2017 production target of 58-61 moz silver (including Silverstream) and 870-900 koz gold