Business
2Q22 Production Report
2Q22 Production Report.
About this update from Fresnillo Plc
[{"type":"text","content":"\n \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 \n www.fresnilloplc.com\n \n \n \n \n \n \n \n 27 July 2022\n \n \n \n SECOND QUARTER PRODUCTION REPORT\n \n \n \n \n FOR THE THREE MONTHS ENDED 30 JUNE 2022\n \n \n \n \n \n \n \n \n \n Octavio Alvídrez, Chief Executive Officer, said:\n \n \n \n \n \n \n \"I am pleased to report a solid quarter of production, in line with our expectations. 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. We continue to address the challenges presented by the Mexico labour reform which limits the use of contractors. Our recruitment and training campaigns are proving effective and we should complete this process by year end in our underground mines, while our open pit mines are now fully staffed. We expect to achieve the tie-in of the Juanicipio plant, our next major growth project, to the national electricity grid over the coming weeks and to start commissioning and ramp-up of operations soon after. We remain on track to meet our full year guidance.\"\n \n \n \n \n \n \n \n \n TOTAL PRODUCTION\n \n \n \n \n \n \n \n \n \n HIGHLIGHTS\n \n \n \n \n \n \n \n \n \n Silver\n \n \n \n \n \n \n • \n Quarterly attributable silver production of 14.4 moz (including Silverstream), up 8.1% vs. 1Q22 driven by a higher volume of ore processed and higher ore grades at Fresnillo and Saucito and a higher ore grade at San Julián Disseminated Ore Body (DOB).\n \n \n \n \n \n •\n Quarterly attributable silver production (including Silverstream) decreased 3.6% vs. 2Q21 due to the expected lower ore grade and decreased volume of ore processed at San Julián DOB. This was mitigated by the increased contribution of ore from Juanicipio.\n \n \n \n \n \n • \n First half attributable silver production of 27.6 moz (including Silverstream), in line with 1H21 as the expected lower ore grade at San Julián DOB and lower volume of ore processed at Saucito was offset by the increased contribution of ore from Juanicipio.\n \n \n \n \n \n \n \n \n Gold\n \n \n \n \n \n \n \n \n •\n Quarterly attributable gold production of 159.0 koz, up 6.1% vs. 1Q22,...