2. Develop

Development and construction of new operating mines and facilities

Fresnillo B Model Operate Small

Strategic focus: Deliver growth through development projects


Priorities: Adhere to strict delivery timelines and capex budget

KPIs: Project delivery against budget/timeline

Competitive Advantages: All projects meet stringent viability criteria, including environmental impact, sustaining capital expenditures and rates of return; our district consolidation strategy offers synergy potential with our other prospects and projects, reducing total capex requirements; engineering and construction are carried out by our in-house teams.

Key assets

Asset Average Annual Production Start-up
San Julián Est. 10.3 moz silver, 44,000 oz gold  2Q16 (phase 1) / 4Q16 (phase 2)
Pyrites treatment plant Est. 3.5 moz silver, 13,000 oz gold 2018

Key risks

  • Impact of global macroeconomic developments
  • Access to land
  • Potential actions by the government
  • Security
  • Public perception against mining
  • Projects (performance risk)
  • Union relations
  • Human resources