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 budgets

KPIs: Project delivery against budget/timeline

Competitive Advantages: Stringent viability criteria, including rates of return and high environmental and social impact standards, synergy potential amongst our prospects and projects arising from our district consolidation strategy, that can reduce total capex requirements; in-house teams for engineering and construction

Key assets

Asset Type Average Annual Production Start-up
» San Julián Underground Est. 11.6 moz silver, 63.7 koz gold  2H16 (Phase I) / 1H17 (Phase II)
» Pyrites Treatment Plant Facility Est. 3.5 moz silver, 13.0 koz gold 2018
» Centuaro Extension Second DLP Est 390koz, LoM 12 yrs (Herradura) 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