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

  3Q17 3Q16 % change 2Q17
Ore processed (t) 693,269 642,040 8.0 667,456
Silver (koz) 5,016 4,903 2.3 5,674
Gold (oz) 18,490 19,216 -3.8 15,896
Lead (t) 4,368 5,133 -14.9 4,688
Zinc (t) 5,357 5,324 0.6 4,923
Ore grades        
Silver (g/t) 264 289 -8.9 306
Gold (g/t) 1.12 1.31 -14.5 1.05
Lead %




Zinc % 1.26 1.41 -10.7 1.26



Drilling commenced


Construction commenced


Commercial production 1H2011


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: (3Q17)

  • Quarterly silver production increased slightly vs. 3Q16 as a result of a higher volume of ore processed following the installation of the vibrating screens at Saucito I and II, and additional ore mined from development areas. A higher recovery rate as a result of the efficiency in the mineral grading fed to the plants, also contributed to the rise in silver production. This was partly offset by: i) the expected lower ore grade compared to the higher grade development ore from the West and Central areas at the Jarillas vein in 2016; ii) the lower ore grade in the Jarillas West area due to the restricted access to high grade sectors resulting from the anchoring activities to avoid rock instability; and iii) an increase in dilution.
  • Year to date and quarterly silver production decreased vs. YTD16 and 2Q17 as a result of the expected lower ore grade, however this was partly offset by the higher volume of ore processed.
  • Quarterly and year to date by-product gold production decreased when compared to the corresponding periods in 2016 due to expected lower ore grades which were partly offset by 5 the higher volume of ore processed. Quarterly by-product gold production increased 16.3% vs. 2Q17 due to the higher ore grade, recovery rates and volume of ore processed.
  • Year to date and quarterly by-product lead production decreased when compared to the same periods of 2016 and 2Q17 mainly as a result of the lower ore grade and recovery rate. These factors were partially mitigated by the higher ore processed.
  • Year to date by-product zinc production decreased vs. YTD16 as a result of the lower ore grade which was partly offset by the higher ore processed and recovery rate. However, quarterly by-product zinc production increased 8.8% vs. 2Q17 due to a higher recovery rate and ore processed.