Saucito

Including the Saucito II expansion, Saucito is one of the Group’s most important assets; Saucito contributed 32% to total silver production in 2018 and generated 21.9% 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: 836 employees, 2,452 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: 5.3 years (2017: 5.8)

Quarterly Production

 

2Q19

1Q19

% change

2Q18

Ore processed (t)

662,023

665,650

-0.5

711,463

         

Production

       

Silver (koz)

4,507

4,332

4.0

5,161

Gold (oz)

17,987

18,729

-4.0

22,722

Lead (t)

4,562

5,877

-22.4

5,327

Zinc (t)

5,941

9,110

-34.8

7,549

         

Ore grades

       

Silver (g/t)

242

243

-0.4

260

Gold (g/t)

1.15

1.13

1.8

1.25

Lead %

0.83

1.03

-19.4

0.86

Zinc %

1.33

1.94

-31.4

1.64

Annual Silver Production

AR18 Saucito Mine Production

AR18 Saucito Financial Performance

History

2004

Drilling commenced

2009

Construction commenced

2011

Commercial production 1H11

Production

Silver (koz)

19,781 (FY18) % (6.8) Change

Gold (oz)

86,092 (FY18) % 23.1 Change

Lead (t)

22,662 (FY18) % 27.9 Change

Zinc (t)

29,506 (FY18) % 45.0 Change

Financial Highlights

Adjusted Revenue (US$m, FY18)

492.0 % (2.4) Change

Segment Profit (US$m, FY18)

274.5 % (12.9) Change

Captial Expenditure (US$m, FY18)

148.4 % 11.0 Change

Exploration (US$m, FY18)

36.6 % 40.2 Change

1H19

  • Silver grade of 243 g/t.

  • Infill drilling programme advanced – update with full year results.

  • Development rates have increased more than 10% vs. average 2018.

  • Jarillas shaft deepening continued.

2H19 Priorities

  • Continue infill drilling programme to increase the geological certainty in the short term.
  • Continue to see gradual improvements in development rates.
  • Continue deepening of the Jarillas shaft.
  • Improvement in contractor performance.