Saucito
Including the Saucito II expansion, Saucito is becoming one of the Group’s most important assets, critical to achieving our 2018 production target of 65 moz silver. Produced 47% of the Group’s total silver (FY15), generating 29.6% 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 plants |
| Workforce: |
773 employees, 1,337 contractors |
| Milling Capacity : |
7,800 tpd/2,600,000 tpy |
| Average ore grade in reserves: |
245 g/t Silver, 1.72 g/t Gold |
| Mine Life: |
5.9 (at 7,800 tpd capacity), (2015: 5.2 at 7,500 tpd capacity) |
Quarterly Production
| |
1Q17 |
1Q16 |
% change |
4Q16 |
| Ore processed (t) |
670,914 |
638,452 |
5.1 |
709,261 |
| |
|
|
|
|
| Production |
|
|
|
|
| Silver (koz) |
5,147 |
5,436 |
-5.3 |
5,336 |
| Gold (oz) |
17,964 |
21,636 |
-17.0 |
25,160 |
| Lead (t) |
4,754 |
4,835 |
-1.7 |
5,802 |
| Zinc (t) |
5,139 |
6,077 |
-15.4 |
7,379 |
| |
|
|
|
|
| Ore grades |
|
|
|
|
| Silver (g/t) |
279 |
297 |
-5.9 |
287 |
| Gold (g/t) |
1.12 |
1.33 |
-15.8 |
1.53 |
| Lead % |
0.87
|
0.88 |
-1.1
|
1.02 |
| Zinc % |
1.26 |
1.51 |
-16.9 |
1.68 |
History
2009
Construction commenced
2011
Commercial production 1H2011
Production
Silver
(koz)
21,946
(FY16)
% (0.2) Change
Gold
(oz)
86,198
(FY16)
% 1.5 Change
Lead
(t)
20,935
(FY16)
% 0.9 Change
Zinc
(t)
23,498
(FY16)
% 11.8 Change
Financial Highlights
Adjusted Revenue
(US$m, FY16)
52.8
% 12.7 Change
Segment Profit
(US$m, FY16)
363.8
% 23.2 Change
Captial Expenditure
(US$m, FY16)
102.4
% (5.4) Change
Exploration
(US$m, FY16)
16.4
% 90.7 Change
Perfomance Highlights:
- Full year silver production decreased marginally as a result of the expected return to normal ore grades after mining the extraordinarily high grade ore from the Mesquite vein and exhausting the high grade development ore. Offset by higher ore processed (+12.7%) from the Jarillas West and Central areas in conjunction with increased plant capacity following the installation of the vibrating screens at the Saucito II plant in 1Q16
- Quarterly silver production decreased 8.8% vs. 4Q15 as a result of the lower ore grade and recovery rate due to the previously mentioned factors, offset by higher ore processed
- Quarterly silver production increased 8.8% vs. 3Q16 primarily due to the higher ore processed from the West and Central Jarillas areas in conjunction with plant efficiencies
- Quarterly by-product gold production increased 20.1% vs. 4Q15 and by 30.9% vs. 3Q16 due to higher ore grades and increased ore throughputs
- Quarterly by-product lead production increased 13.0% vs. 3Q16 due to a higher grade and ore processed which were partially offset by a lower recovery rate
- Full year and quarterly by-product zinc production increased 11.8% and 8.4% vs. 2015 respectively due to higher recovery rates and ore processed. Similarly, quarterly byproduct zinc production increased 38.6% vs. 3Q16 due to higher recovery rate, ore processed and grade
Objectives: 2017
- Increase development rates to 4,000m a month
- Jarillas Shaft extension & deepening of 6 development ramps
