Business
2Q18 Production Report
2Q18 Production Report.
About this update from Fresnillo Plc
[{"type":"text","content":"\n \nRNS Number : 6507V Fresnillo PLC 25 July 2018 \n\n Fresnillo plc\n21 Upper Brook Street\nLondon W1K 7PY\nUnited Kingdom\nwww.fresnilloplc.com\n \n25 July 2018\n \nProduction Report \nfor the three months ended 30 June 2018\nOverview\n \n· Quarterly and first half silver production (including Silverstream), up 5.7% and 9.7% respectively over the corresponding periods in 2017 primarily due to the start up of operations at San Julián JM (Phase II) in July 2017.\n \n· Quarterly gold production of 234 koz, up 4.6% vs. 2Q17 due to the higher ore grade, throughput and recovery rate at Saucito and the higher ore grades at Noche Buena, Herradura and Fresnillo. \n \n· First half gold production of 465 koz up 4.4% vs. 1H17, due to the ongoing decrease in gold inventories and higher ore grade at Herradura and higher volume of ore processed and ore grade at Saucito. \n \n· Ongoing tests at the Herradura leaching pads have resulted in an increase of 98.9 koz of gold in the inventory as of 1 January 2018.\n \n· Full year consolidated production guidance has been revised marginally: total gold production to 900 - 930 koz (previously 870 - 900 koz) and total silver production to 64.5 - 67.5 moz (previously 67 - 70 moz) including Silverstream.\n \nOctavio Alvídrez, Chief Executive Officer, said:\n\"I am pleased to report a robust production performance in the first half. In line with our strategy, we continue to actively manage and strengthen our asset portfolio. In particular during the period we have successfully ramped up our new San Julián JM mine to f...