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

Prelims 27FEB17 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.

Precious Metals Industry »

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.

Strategic value »

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.

Mining in Mexico »

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.

Operations and projects »

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.

Historical timeline »