Ciénega (incl. San Ramón satellite)
Ciénega is our most polymetallic mine, contributing almost 8.3% to total gold production and over 10.9% to total silver production. The mine generated 9.5% of total adjusted revenue during 2020.
| Ownership: |
100% Fresnillo plc |
| Location: |
Durango |
| Commodity: |
Gold, Silver |
| Operational since: |
1992 |
| Facilities: |
Underground mine, flotation and leaching plant |
| Workforce: |
527 employees, 937 contractors |
| Milling Capacity: |
4,000 tpd / 1,340,000 tpy |
| Mine Life: |
3.4 years (2019: 3.9) |
Quarterly Production
| |
3Q21 |
2Q21 |
% change |
3Q20 |
| Ore processed (t) |
320,277 |
333,959 |
(4.1) |
325,392 |
| |
|
|
|
|
| Production |
|
|
|
|
| Gold (oz) |
11,528 |
12,406 |
(7.1) |
18,122 |
| Silver (koz) |
1,323 |
1,425 |
(7.1) |
1,522 |
| Lead (g/t) |
985 |
964 |
2.1 |
1,536 |
| Zinc (g/t) |
1,491 |
1,669 |
(10.7) |
2,275 |
| Ore grades |
|
|
|
|
| Gold (g/t) |
0.21 |
1.24 |
(2.3) |
0.85 |
| Silver (g/t) |
150 |
154 |
(2.9) |
169 |
| Lead % |
0.51 |
0.49 |
4.1 |
0.71 |
| Zinc % |
0.85 |
0.91 |
(6.8) |
1.18 |
Annual Production
12020 reserves as of 31 May 2020. 22020 resources as of 31 May 2020.
History
1992
Construction commenced
1995
First full year of production, with 300,000 tpy capacity
Production
Gold
(oz)
64,101
(FY20)
% (2.3) Change
Silver
(koz)
5,762
(FY20)
% (0.6) Change
Lead
(t)
6,112
(FY20)
% 4.7 Change
Zinc
(t)
9,263
(FY20)
% 3.1 Change
Financial Highlights
Adjusted Revenue
(US$m, FY20)
248.3
% 21.3 Change
Segment Profit
(US$m, FY20)
129.5
% 52.5 Change
Captial Expenditure
(US$m, FY20)
35.1
% (39.7) Change
Exploration
(US$m, FY20)
6.5
% (62.0) Change
3Q21
-
Quarterly gold and silver production both decreased 7.1% vs. 2Q21 due to a lower volume of ore processed given the impact of the labour reform in Mexico leading to lower utilisation rates though we expect this to be a temporary factor.
-
Quarterly and year-to-date gold and silver production decreased vs. 3Q20 and YTD20 respectively due to the lower ore grades year-on-year, in line with the mine sequence.
-
The gold and silver ore grades for 2021 are expected to remain at the lower end of the given ranges of 1.30-1.40 g/t and 150-160 g/t respectively.
2021 Objectives
- Continue strict cost control.
- Continue the exploration programme in the district, increasing resources and reserves.
- Begin construction of the fourth tailings dam.
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