3. Operate

The extraction and beneficiation of ore from our operating mines


» Strategic focus: 
Maximise the potential of existing operations while maintaining position as a leading low cost producer. 

  1. Priorities: Optimise capacity and recovery rates by adjusting mining methods and beneficiation processes; generate continuous improvements in productivity and cost controls; leverage expansion opportunities
  2. KPIs: Production by metal, cost per tonne by mine, productivity by mine (ore milled or moved per person)
  3. Competitive Advantages: Competitive cost performance amongst our industry peers, with AISC on a life of mine basis significantly lower than current and projected market prices for gold and silver 

Key assets

Asset

Type

Commodity

Year

» Fresnillo

Underground

Silver primary

1554

» Saucito

Underground

Silver primary

2011

» Ciénega

Underground

Gold/Silver

1992

» Herradura

Open pit

Gold

1997

» Soledad-Dipolos

Open pit

Gold

2010

» Noche Buena

Open pit

Gold

2012

» San Julián

Underground

Silver primary

2016

*Operations at Soledad-Dipolos currently suspended.

Key risks

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