Business
1Q19 Production Report
1Q19 Production Report.
About this update from Fresnillo Plc
[{"type":"text","content":"\n \nRNS Number : 8743V Fresnillo PLC 11 April 2019 \n\n Fresnillo plc\n21 Upper Brook Street\nLondon W1K 7PY\nUnited Kingdom\nwww.fresnilloplc.com\n \n11 April 2019\n \nFirst Quarter Production Report \nfor the three months ended 31 March 2019\n \nOverview\n \n\nQuarterly silver production of 13.1 moz (including Silverstream) down 14.8% vs. 1Q18 mainly due to the lower ore grade and throughput at Fresnillo.\n\n \n\nQuarterly 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. \n\n \n\nQuarterly 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.\n\n \n\nQuarterly gold production down 9.0% vs. 4Q18, driven by lower production from Noche Buena, Herradura, San Julián Veins and Saucito. \n\n \n\nConstruction 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. \n\n \n\nBoard approval for development of the Juanicipio project, owned by Fresnillo plc (56%) and MAG Silver Corp (44%), announced today.\n\n \n\nOutlook unchanged: on track to achieve 2019 production guidance of 58-61 moz silver, (including Silverstream) and 910-930 koz gold.\n\n \n \nOctavio Alvídrez, Chief Executive Officer, said:\n\"First quarter production is down as expected on the same period last year, though slightly weaker than anticipated. Full year guidance however remains unchanged as we expect to realise the benefits from the investments w...