Overview
- Quarterly silver production of 13.1 moz (including Silverstream) down 14.8% vs. 1Q18 mainly due to the lower ore grade and throughput at Fresnillo.
- Quarterly silver production (including Silverstream) down 15.3% vs. 4Q18 as a result of lower volumes of ore processed and lower ore grades at both San Julián Disseminated Ore Body and Saucito.
- Quarterly gold production of 211.1 koz, down 8.8% vs. 1Q18 mainly due to a lower volume of ore processed at Noche Buena and a slower overall speed of recovery on the leaching pads at Herradura.
- Quarterly gold production down 9.0% vs. 4Q18, driven by lower production from Noche Buena, Herradura, San Julián Veins and Saucito.
- Construction of the Pyrites plant (phase II) in the Fresnillo district remains on track and on budget, with commissioning expected in the second half of 2020.
- Board approval for development of the Juanicipio project, owned by Fresnillo plc (56%) and MAG Silver Corp (44%), announced today.
- Outlook unchanged: on track to achieve 2019 production guidance of 58-61 moz silver, (including Silverstream) and 910-930 koz gold.