Our Strategy

Our value creation strategy is founded on four strategic pillars of which intrinsically link to our business model

Fresnillo B Model Operate Small  1. Operate » Maximise the potential of existing operations while maintaining position as a leading low cost producer
Fresnillo B Model Operate Small  2. Develop » Deliver profitable growth by advancing projects towards commissioning, while optimising cash flow and returns
Fresnillo B Model Operate Small  3. Explore » Ensure business continuity and growth by replenishing depleted reserves and maintaining growth pipeline
Fresnillo B Model Operate Small  4. Sustainability » Advance and enhance the sustainability of our business and uphold our licence to operate

AR15 BModel Value Creation 

We seek to create value for stakeholders across precious metal cycles, focusing on high potential silver and gold projects that can be developed into low cost, world-class mines. Investing across metal price cycles, delivering growth through development projects and maximising the potential of existing operations will continue to be a hallmark of our value-creation strategy.

Across precious metal price cycles and changing market conditions, we aim to optimise current performance and uphold our commitment to long-term growth and profitability. This value creation strategy is supported by our solid foundations of a strong balance sheet, high quality assets, low cost and flexible operations, disciplined approach to development, and a commitment to sustainable business practices.

Our long-term strategic goals are unchanged: to profitably and sustainably maintain the Group’s position as the world’s largest primary silver company and a leading gold producer in Mexico. Having already attained our 2018 gold production and reserves targets, we remain committed to our silver targets of 65 million ounces production at that time, and 650 million ounces in reserves.