Herradura
One of Mexico’s largest open-pit gold mines, producing 52.0% of the Group's total gold in 2017 and generating 27.2% of total adj. revenue.
| Ownership: |
Minera Penmont (100% Fresnillo plc) |
| Location: |
Sonora |
| Commodity: |
Gold |
| Operational since: |
1997 |
| Facilities: |
Open-pit, heap leach & Merrill-Crowe plants; DLP |
| Workforce: |
1,335 employees, 458 contractors |
| Average ore grade in reserves: |
0.79 Gold (g/t) |
| Total Reserves: |
7.7 Gold (moz) |
| Mine Life: |
11.6 (2016: 8.6) |
Quarterly Production
| |
1Q18 |
1Q17 |
% change |
4Q17 |
| Ore processed (t) |
5,984,641 |
6,764,370 |
-11.5 |
6,373,732 |
| Total vol. hauled (t) |
34,153,768 |
30,908,154 |
10.5 |
34,620,672 |
| |
|
|
|
|
| Production |
|
|
|
|
| Gold (oz) |
125,243 |
107,742 |
16.2 |
117,891 |
| Silver (koz) |
241 |
118 |
104.2 |
172 |
| |
|
|
|
|
| Ore grades |
|
|
|
|
| Gold (g/t) |
0.68 |
0.63 |
6.9 |
0.68 |
| Silver (g/t) |
1.86 |
0.95 |
95.0 |
1.28 |
History
1997
Construction commenced
1998
Commercial production
Production
Gold
(oz)
473,638
(FY17)
% (9.0) Change
Silver
(koz)
551
(FY17)
% (13.6) Change
Financial Highlights
Adjusted Revenue
(US$m, FY17)
606.8
% (7.5) Change
Segment Profit
(US$m, FY17)
355.6
% (3.9) Change
Captial Expenditure
(US$m, FY17)
153.2
% 94.4 Change
Exploration
(US$m, FY17)
27.1
% (11.7) Change
Perfomance Highlights - 1Q18
- Quarterly gold production increased 16.2% vs. 1Q17 due to an increase in the inventory reduction at the leaching pads which resulted from an intensive targeted irrigation programme and, to a lesser extent, a higher speed of recovery at the DLP. This increase was partially offset by a lower volume of ore processed.
- Quarterly gold production increased 6.2% vs. 4Q17 as a result of the increase in inventory reduction mentioned above which was partially offset by the lower volume of ore processed.
Performance Targets - 2018
- Commission the second line at the DLP
- Continue exploration to strengthen the Centauro expansion project
