Saucito
One of our most important assets; contributing 29.3% to total silver production in 2020 and generated 22.8% of total adjusted rev.
| 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: |
882 employees, 2,345 contractors |
| Milling Capacity : |
7,800 tpd/2,600,000 tpy |
| Mine Life: |
5.2 years (2019: 4.7) |
Quarterly Production
| |
2Q21
|
1Q21
|
% change
|
2Q20
|
|
Ore processed (t)
|
660,039
|
650,884
|
1.4
|
715,388
|
| |
|
|
|
|
|
Production
|
|
|
|
|
|
Silver (koz)
|
3,454
|
3,148
|
9.7
|
4,098
|
|
Gold (oz)
|
24,760
|
26,819
|
(7.7)
|
20,398
|
|
Lead (t)
|
7,650
|
7,841
|
(2.4)
|
6,255
|
|
Zinc (t)
|
11,722
|
11,848
|
(1.1)
|
8,842
|
| |
|
|
|
|
|
Ore grades
|
|
|
|
|
|
Silver (g/t)
|
190
|
177
|
7.1
|
207
|
|
Gold (g/t)
|
1.51
|
1.65
|
(8.5)
|
1.15
|
|
Lead %
|
1.35
|
1.40
|
(3.7)
|
1.04
|
|
Zinc %
|
2.43
|
2.48
|
(2.0)
|
1.82
|
Annual Silver Production
History
2009
Construction commenced
2011
Commercial production 1H11
Production
Silver
(koz)
15,532
(FY20)
% (9.5) Change
Gold
(oz)
84,878
(FY20)
% 6.7 Change
Lead
(t)
28,592
(FY20)
% 37.7 Change
Zinc
(t)
42,774
(FY20)
% 45.7 Change
Financial Highlights
Adjusted Revenue
(US$m, FY20)
593.6
% 20.3 Change
Segment Profit
(US$m, FY20)
325.1
% 36.5 Change
Captial Expenditure
(US$m, FY20)
73.4
% (41.9) Change
Exploration
(US$m, FY20)
13.9
% (58.4) Change
2Q21
-
Quarterly silver production increased 9.7% vs. 1Q21 due to a higher ore grade following the short term instability issues reported in 1Q21 limiting access to higher ore grade areas.
- As seen in previous quarters, quarterly and first half silver production decreased 15.7% and 18.9% vs. 2Q20 and 1H20 respectively as a result of the gradual decrease of ore grade at the Jarillas vein. The lower volume of ore processed was primarily driven by the presence of high temperature water in an underground production area, which temporarily limited access to that zone and a section of the ramps, also resulting in the need for additional ventilation.
-
Quarterly by-product gold production decreased 7.7% vs. 1Q21 driven by a lower ore grade.
-
Quarterly and first half by-product gold production increased 21.4% and 24.1% vs. 2Q20 and 1H20 respectively, driven by higher ore grades, partially offset by lower volumes of ore processed.
-
Given the lower silver grade in 1H21, full year 2021 silver ore grade is expected to be at the lower end of the original estimate of 200-220 g/t, while the gold ore grade is estimated to be around 1.3-1.5 g/t.
2021 Objectives
- Increase the development rate to 3,200–3,500 metres per month by the end of 2021.
- Continue to monitor progress against the action plan, including dilution control, sample variability and equipment availability.
- Implement a strategy to reduce personnel turnover.
- Continue to deepen the Jarillas shaft to 987 metres.
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