Saucito

Including the Saucito II expansion, Saucito is one of the Group’s most important assets, critical to achieving the 2018 production target of 65 moz silver. Saucito contributed 36% to total Silver production in 2017 and generated 22.6% of total adjusted revenue.

Ownership: 100% Fresnillo plc
Location: Zacatecas 8km SW of the Fresnillo mine
Commodity: Silver, Gold
Operational since: 2011
Facilities: Underground mine and flotation plant
Workforce: 763 employees, 1,824 contractors
Milling Capacity : 7,800 tpd/2,600,000 tpy
Average ore grade in reserves: 261 g/t Silver, 1.39 g/t Gold
Mine Life: 5.8 (2016: 5.9)

Quarterly Production

 

4Q18

4Q17

% change

3Q18

Ore processed (t)

693,608

722,237

-4.0

713,441

         

Production

       

Silver (koz)

4,890

5,378

-9.1

4,897

Gold (oz)

22,932

17,599

30.3

23,558

Lead (t)

8,362

3,903

114.2

5,791

Zinc (t)

10,132

4,930

105.5

7,909

         

Ore grades

       

Silver (g/t)

260

271

-4.0

250

Gold (g/t)

1.30

1.08

20.1

1.34

Lead %

1.36

0.66

105.1

0.95

Zinc %

2.21

1.06

108.9

1.61

Annual Silver Production

1H18 Saucito Annual Silver Production

History

2004

Drilling commenced

2009

Construction commenced

2011

Commercial production 1H11

Production

Silver (koz)

21,215 (FY17) % (3.3) Change

Gold (oz)

69,948 (FY17) % (18.9) Change

Lead (t)

17,714 (FY17) % (15.4) Change

Zinc (t)

20,348 (FY17) % (13.4) Change

Financial Highlights

Adjusted Revenue (US$m, FY17)

504.2 % (4.5) Change

Segment Profit (US$m, FY17)

315.2 % (13.4) Change

Captial Expenditure (US$m, FY17)

133.7 % 30.6 Change

Exploration (US$m, FY17)

26.1 % 59.1 Change

Summary - 2018

  • FY18 silver grade of 257 g/t

  • Development rates lower year on year

  • 107,111 metres of infill drilling carried out

  • Concluded construction of the Pyrites plant

  • Initiated Jarillas shaft deepening

Performance Targets - 2019

  • Intensify parametric drilling and continue infill drilling programme
  • Targeting development rate increase of 20% by YE, prioritising the deepening of 5 main ramps in the Jarillas Vein
  • Continue deepening of the Jarillas shaft
  • Dilution expected to decrease 5-7% in 2019
  • Expect further improvements in contractor performance