Fresnillo backs full-year output forecast

http://www.marketwatch.com/story/fresnillo-backs-full-year-output-forecast-2016-10-12

LONDON–Mexican precious-metals producer Fresnillo PLC (FRES.LN) on Wednesday reported higher gold and silver output in the third quarter, prompting the firm to reaffirm its full-year output guidance.

The U.K.-listed business, the world’s largest primary silver producer and Mexico’s second-largest gold producer, reported a 6.7% rise in silver production, including output from the Silverstream contract, to 11.8 million ounces for the three months ended Sept. 30, 2016 compared with the same quarter the year before. This was mainly due to the start-up of the first phase of San Julian plant, increased ore processed at the Saucito mine and an increased contribution from the Silverstream contract.

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