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
| |
2Q17 |
2Q16 |
% change |
1Q17 |
| Ore processed (t) |
667,456 |
645,340 |
3.4 |
670,914 |
| |
|
|
|
|
| Production |
|
|
|
|
| Silver (koz) |
5,674 |
6,270 |
-9.5 |
5,147 |
| Gold (oz) |
15,896 |
20,186 |
-21.3 |
17,964 |
| Lead (t) |
4,688 |
5,164 |
-9.2 |
4,754 |
| Zinc (t) |
4,923 |
4,718
|
4.3 |
5,139 |
| |
|
|
|
|
| Ore grades |
|
|
|
|
| Silver (g/t) |
306 |
339 |
-9.5 |
279 |
| Gold (g/t) |
1.05 |
1.36 |
-23.3 |
1.12 |
| Lead % |
0.81
|
0.89 |
-9.2
|
0.87 |
| Zinc % |
1.26 |
1.33 |
-5.5 |
1.26 |
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: (2Q17)
- Quarterly and year to date silver production decreased vs. 2Q16 and 1H16 mainly due to expected lower ore grade in 2017 compared to the exceptionally high ore grade from the development ore from the West and Central areas at the Jarillas vein in 2016
- Temporary limited access to higher ore grade areas, due to the programmed anchoring activities aimed at enhancing safety, also impacted silver production
- Lower recovery rate resulting from the calibration of the cyclones at the vibrating screens also contributed to the decrease in silver production
- Effects partly mitigated by the increase in ore processed from the West and Central Jarillas areas and the increased capacity of the plants following the installation of vibrating screens
- Quarterly silver production increased 10.3% vs. 1Q17 as a result of the gradual increase in access to the high grade stope at the Jarillas vein as anchoring activities continue and, to a lesser extent, a higher recovery rate
- Quarterly and first half by-product gold production decreased vs. 2Q16 and 1H16 due to lower ore grade and lower recovery rate; partly mitigated by the higher ore processed
- By-product gold production decreased 11.5% vs. 1Q17 due to lower ore grade and recovery rates
- By-product lead production for the second quarter and first half 2017 decreased when compared to the same periods of 2016 mainly as a result of the lower ore grade and recovery rate
- Quarterly by-product lead production decreased slightly vs. 1Q17 due to lower ore grade and ore processed; partly mitigated by the higher recovery rate
- Quarterly by-product zinc production increased over 2Q16 as a result of the higher recovery rate and ore processed
- First half by-product zinc production decreased vs. 1H16 due to lower ore grade
- Quarterly by-product zinc production decreased 4.2% vs. 1Q17 as a result of lower recovery rates
Objectives: 2017
- Increase development rates to 4,000m a month
- Jarillas Shaft extension & deepening of 6 development ramps
