Business
1Q20 Production Report
1Q20 Production Report.
About this update from Fresnillo Plc
[{"type":"text","content":"\n \n \n RNS Number : 2369L\n Fresnillo PLC\n 29 April 2020\n \n \n \n \n Fresnillo plc\n \n \n 21 Upper Brook Street\n \n \n London W1K 7PY\n \n \n United Kingdom\n \n \n \n www.fresnilloplc.com\n \n \n \n \n \n \n 29 April 2020\n \n \n FIRST QUARTER PRODUCTION REPORT \n \n \n FOR THE THREE MONTHS ENDED 31 MARCH 2020\n \n \n \n \n \n Octavio Alvídrez, Chief Executive Officer, said:\n \n \n \"The well-being of our workforce and the communities in which we operate is our first priority and we will continue to do all we can to ensure their safety. I would like to thank everyone at Fresnillo for the calm way in which they have adapted to the new measures we have put in place to combat COVID-19 and their professional conduct during this difficult time. We continue to work with both the Federal and local authorities to agree on best practice protocols under which the mining industry can continue to operate. We will continue to keep full year production guidance under constant review.\n \n \n \n \n \n \"Operationally, quarterly silver production was in line with expectations, down slightly against the previous quarter mainly due to lower grades at San Julián DOB. Gold production was also in line with expectations, down against the previous quarter due to lower volumes of ore processed at Herradura. We expect production to be back-end-weighted this year. Our development pipeline progressed as expected with good advances in the construction of Juanicipio and the new Pyrites Plant at Fresnillo.\"\n \n \n \n \n \n \n COVID-19 Situation Overview \n \n \n \n \n \n \n \n \n \n The safety of our employees and the local communities in which we operate are the highest priority for Fresnillo. Since the beginning of COVID-19, we have closely monitored the spread of the outbreak and rapidly implemented a range of safety measures across our business, in accordance with the guidelines of the World Health Organization and local Mexican authorities. \n \n \n \n \n \n \n \n \n \n In conjunction with the Mexican Mining Chamber, other mining companies and union, Fresnillo has engaged in a series of discussions with government officials at both the Federal and local level to seek ways in which the mining industry can maintain certain limited operations while prioritising the well-being of all wo...