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 (Phase I) Underground Silver/Gold 2016

*Operations at Soledad-Dipolos currently suspended

Total Production

  1Q17 1Q16 % change 4Q17 YTD 16 YTD 15 % change
Silver (koz) 12,424 11,047 12.5 12,247 45,677 43,023 6.2
Silverstream (koz) 1,105 1,172 -5.7 1,069 4,625 3,955 16.9
Total Silver (koz) 13,529 12,218 10.7 13,316 50,303 46,977 7.1
Gold (oz) 222,290 229,925 -3.3 268,104  935,513 761,712 22.8
Lead (t) 11,461 11,082 3.4 13,003 48,144 42,413 13.5
Zinc (t) 13,806 12,851 7.4 16,989 56,845 46,022 23.5

 

Fres AR15 Annual Silver Gold Production*Source: Fresnillo 2015 Annual Report - Annual Silver / Gold production

Production Highlights (FY16)

  • Record annual silver production of 50.3 moz (including Silverstream), up 7.1% vs. 2015 
  • 4Q16 silver production of 13.3 moz (including Silverstream) up 9.5% vs. 4Q15
  • Quarterly silver production increased 13.1% vs. 3Q16 due to San Julián (phase I) ramp-up, higher ore processed at Saucito and a higher ore grade and ore processed at Fresnillo
  • Record annual gold production of 935.5 koz, up 22.8% vs. 2015 and ahead of guidance
  • Quarterly gold production increased 24.2% vs. 4Q15 and 22.0% vs. 3Q16
  • Successful ramp-up of San Julián (phase I), currently processing 3,600 tpd, 20% above its nominal capacity

Future Objectives 

  • Further increase average development rate at Fresnillo to 4,800m/month
  • San Julián phase II to be commissioned in 2Q17
  • Continued construction of Pyrites Plant (1H18 – 3.5 moz Ag & 13 koz Au p/a) and second Dynamic Leaching Plant at Herradura
  • 2017 exploration budget of approximately US$160 million (including capitalised exploration expenses)
  • Seek continuous cost improvements through dedicated work teams at each business unit
  • Continue to replenish and increase reserves