Advanced exploration

We believe that consistent exploration investment is essential in maintaining a healthy project pipeline: core to our growth strategy and a key element in extending mine life.

We focus on the discovery and potential acquisition of large, low cost silver and gold ore bodies in Latin America, in regions with the greatest geological potential and mining tradition such as Mexico and Peru. Prospects must have a minimum potential of 100 million ounces of silver or 2 million ounces of gold equivalent, and meet strict criteria on ore grades, metallurgical recoveries, extraction costs and environmental impact, in order to proceed.

Our comprehensive approach results in a pipeline of projects that extend across the multiple stages of exploration (detection, discovery and definition) and ensure long-term organic growth.

The Group has four Exploration Offices in Mexico: Zacatecas, Toluca, Chihuahua and Hermosillo, and one in both Chile and Peru.


View advanced exploration prospects in further detail »

Centauro Deep

Location: Sonora

Minera Penmont (100% Fresnillo plc)
Sonora, below Centauro main pit at Herradura
Find out more about Centauro Deep


Location: Chihuahua

Minera Fresnillo, S.A. de C.V. (100% Fresnillo plc)
Anticipated production:
Avg. annual production of 136 koz gold
Indicated and inferred resources:
9.6 moz gold, 12.3 moz silver
Estimated Pre-operative Capex:
Find out more about Orisyvo


Location: Zacatecas

JV: 56% Fresnillo plc, 44% MAG Silver
Zacatecas, Fresnillo District
Underground mine and flotation plant
Commercial Production:
2H20 (flotation plant: mid-2021)
Avg. Annual Anticipated Production:
11.7 moz silver, 43.5 koz gold
Total Budgeted Capex:
US$440m (Fresnillo: US$246.4 million)
Find out more about Juanicipio
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