Mines in Operation

Fresnillo B Model Operate Small

Strategic focus:
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.

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

  1Q18 1Q17 % change 4Q17 YTD17 YTD16 % change
Silver (koz) 14,235 12,424 14.6 14,957 54,238 45,677 18.7
Silverstream (koz) 1,186 1,105 7.3 1,059 4,435 4,625 -4.1
Total Silver (koz) 15,421 13,529 14.0 16,015 58,673 50,303 16.6
Gold (oz) 231,458 222,290 4.1 232,051 911,132 935,513 -2.6
Lead (t) 11,629 11,461 1.5 12,836 48,153 48,144 0.0
Zinc (t) 19,040 13,806 37.9 18,852 65,266 56,845 14.8

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.

AR17 Silver Gold Reserves

*Source: Fresnillo 2017 Annual Report - Annual Silver / Gold production

Operational Highlights (1Q18)

  • Quarterly silver production of 15.4 moz (including Silverstream), up 14.0% vs. 1Q17 mainly due to the contribution from San Julián JM (phase II)
  • Quarterly silver production decreased 3.7% vs. 4Q17 mainly due to the lower volume of ore processed and ore grade at Saucito
  • Quarterly gold production of 231.5 koz, up 4.1% vs. 1Q17 mainly due to the higher contribution from Herradura
  • Construction of the Pyrites plant in the Fresnillo district remains on track with the leaching plant at Saucito due to be commissioned in 2Q18
  • Second line Dynamic Leaching Plant (DLP) at Herradura commissioning expected at the end of 2Q18
  • Outlook unchanged: on track to achieve 2018 production guidance of 67-70 moz silver, (including Silverstream) and 870-900 koz gold