Saucito
One of our most important assets; contributing 22.3% to total silver production (2022) and generated 18.7% 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: |
1,470 employees, 2,244 contractors |
| Milling Capacity : |
7,000 tpd/2,600,000 tpy |
| Mine Life: |
6.6 (2021: 7.3) |
Quarterly Production
| |
1Q23 |
4Q22 |
% change |
1Q22 |
| Ore processed (t) |
471,959 |
508,455 |
(7.2) |
495,419 |
| |
|
|
|
|
| Production |
|
|
|
|
| Silver (koz) |
2,804 |
3,026 |
(7.3) |
2,738 |
| Gold (oz) |
21,378 |
18,076 |
18.3 |
16,388 |
| Lead (g/t) |
4,301 |
3,859 |
11.5 |
4,264 |
| Zinc (g/t) |
5,991 |
5,868 |
2.1 |
7,299 |
| Ore grades |
|
|
|
|
| Silver (g/t) |
207 |
208 |
(0.5) |
193 |
| Gold (g/t) |
1.77 |
1.39 |
26.7 |
1.29 |
| Lead % |
1.07 |
0.90 |
18.9 |
0.98 |
| Zinc % |
1.68 |
1.56 |
8.0 |
1.81 |
History
2009
Construction commenced
2011
Commercial production 1H11
Production
Silver
(koz)
11,977
(FY22)
% (3.7) Change
Gold
(oz)
73,497
(FY22)
% (16.9) Change
Lead
(t)
17,816
(FY22)
% (27.6) Change
Zinc
(t)
28,415
(FY22)
% (24.2) Change
Financial Highlights
Adjusted Revenue
(US$m, FY22)
485.9
% (18.3) Change
Segment Profit
(US$m, FY22)
197.8
% (38.4) Change
Captial Expenditure
(US$m, FY22)
118.0
% 16.6 Change
Exploration
(US$m, FY22)
30.2
% 61.5 Change
1Q23
-
Quarterly silver production decreased 7.3% vs. 4Q22 mainly driven by the decrease in volume of ore processed due to lower availability of mining scalers and haulage equipment at the West and Central areas.
- Quarterly silver production increased 2.4% vs. 1Q22 due to higher ore grade at the Jarillas West area and lower dilution, which more than compensated for the lower volume of ore processed in 1Q23.
-
Quarterly by-product gold production increased 18.3% and 30.5% vs. 4Q22 and 1Q22 respectively, mainly driven by a higher ore grade at the Jarillas West area, partly offset by the lower volume of ore processed.
-
We will continue working toward increasing the availability of equipment and utilisation rates, whilst improving the productivity of our personnel. These measures are expected to increase volumes of ore processed in the coming months.
-
Full year 2023 silver ore grade is estimated to remain between 190-210 g/t, while the gold ore grade is estimated to continue to be around 1.20-1.40 g/t.
