Fresnillo expects to meet 2022 guidance
London-listed Fresnillo has reported solid quarterly results, keeping the miner on track to achieve its 2022 guidance of 50.5-million to 56.5-million ounces of silver and 600 000 oz to 650 000 oz of gold production.
The Mexico-focused miner produced 14.4-million ounces of silver production in the second quarter, up 8.1% from the first quarter but down 3.6% on a year-on-year basis.
Quarterly gold output increased by 6.1% year-on-year to 159 000 oz, but decreased by 20.6% year-on-year.
Fresnillo reported quarterly silver-equivalent production of 27.1-million ounces in the three months ended June and first half silver-equivalent output of 52.3-million ounces.
“We are making good operational progress, despite the ongoing impact of the pandemic and global supply chain bottlenecks, which are likely to persist in the second half,” said CEO Octavio Alvidrez.
Commenting on the Mexico labour reform, which limits the use of contractors, Alvidrez said that Fresnillo’s recruitment and training campaigns were proving effective and that the process for underground mines should be completed by year-end. The openpit mines were already fully staffed.
Fresnillo also reported that the tie-in of the Juanicipio plant – its next major growth project – to the national grid would be achieved in the coming weeks and that commissioning and ramp-up would start soon thereafter.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
