1. Explore

The search for ore deposits that expand our resource base


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Strategic focus: 
Extend the growth pipeline.
    1. Priorities: Allocate funding across metal price cycles; advance prospects and projects along the exploration pipeline in accordance with strict criteria (from early stage to drilling to advanced); convert resources to reserves. 
    2. KPIs: Total attributable resources by metal
    3. Competitive Advantages: We hold one of the largest sets of mining claims in Mexico; prospects must meet strict criteria on ore grades, metallurgical recoveries and environmental impact, and have a minimum potential of 100 moz silver or 2 moz gold equivalent in order to advance along the pipeline

Key assets

Asset

District

Commodity

» Las Casas Cebollitas Cluster

Ciénega

Silver and gold

» Juanicipio

Fresnillo

Silver

» Centauro Deep

Herradura

Gold

» Orisyvo

Chihuahua (greenfield)

Gold

» Other early stage projects and prospects

Mexico / Peru

Key risks

» Impact of global macroeconomic developments
» Access to land
» Potential actions by the government
» Security
» Public perception against mining
» Exploration
» Human resources