At a glance
FRES:LN
Status: Producer | Founded: 2008 | Primary Mineral: Silver | Primary Country of Operation: Mexico
Stock Exchange: London Stock Exchange (FRES:LSE), Mexican Stock Exchange (FRES:BMV)
Headquarters: Mexico City, Mexico | Investor Relations: London | Parent organisation: Peñoles
Key Facts
» World's leading primary silver producer and Mexico's largest gold producer
» Established 2008 following restructuring of Penoles seperating precious metals business into the Fresnillo Group
» Headquarted in Mexico city; core operations Mexico; Investor Relations London
» Listed on the London Stock Exchange (FRES:LSE) and Mexican Bolsa (FRES:BMV)
» Seven operating mines1, two development projects and four exploration prospects
» Chairman: Alberto Baillères; CEO: Octavio Alvídrez; CFO: Mario Arreguín
1Operations at Soledad-Dipolos currently suspended
| Strategy» | Board and Mangement » | Investors » |
| Operations and projects » | Corporate Offices » | Sustainability » |
Financial Performance
|
2017 |
2016 |
2015 |
2014 |
2013 |
2012 |
2011 |
2010 |
2009 |
2008 | |
|---|---|---|---|---|---|---|---|---|---|---|
|
Total attributable silver production incl. Silverstream (Moz) |
58.7 |
53.0 |
47.0 |
45.0 |
43.0 |
41.0 |
41.9 |
42.1 |
41.3 |
34.8 |
|
Attributable Gold Production (koz) |
911.1 |
935.5 |
761.7 |
596.0 |
425.8 |
473.0 |
448.9 |
369.0 |
276.6 |
263.6 |
|
EBITDA (millions of US$) |
1,060.1 |
1,032.0 |
547.5 |
567.3 |
729.8 |
1,315.3 |
1,538.5 |
945.0 |
496.6 |
337.4 |
|
Cash flow from operating activities before changes in working capital (millions of US$) |
1,073.7 |
1,023.3 |
537.3 |
568.5 |
750.2 |
1,356.7 |
1,612.1 |
983.6 |
548.8 |
405.8 |
Growth and Returns
*Measured, Indicated and Inferred resources, considering a Gold/Silver ratio of 74. Includes resources mined and processed.
Precious Metals Position
Our business spans the exploration, development and construction, extraction and beneficiation phases of the precious metals value chain. We focus on high potential projects that can be developed into low-cost, world-class mines. Our history is based on a strong and long tradition of mining with a proven track record of mine development, reserve replacement and production costs, including lowest quartile of the cost curve for silver.
How we do it
We aim to achieve our goal through ongoing investment in exploration and mine development, operational excellence and a strong commitment to disciplined and sustainable growth.
Where we do it
Our core operations are in Mexico, which has historically been a mining friendly country, with significant geological resources, strong potential for continued growth, robust mining laws in place, a skilled workforce and solid infrastructure. We focus on consolidating gold and silver mining districts, evaluating projects that offer the potential for synergies.
How we operate
Responsible and sustainable business practices are core to the business strategy of the Group and integrated into every aspect of our operations, from the earliest stages of exploration until mine closure.
Our goal
We aim to produce 65 million ounces of silver per year by 2018, having already exceeded our goal for gold production of 750,000 ounces per year.