Business
2Q23 Production Report
2Q23 Production Report.
About this update from Fresnillo Plc
[{"type":"text","content":"\n\n Fresnillo plc\n21 Upper Brook Street\nLondon W1K 7PY\nUnited Kingdom\nwww.fresnilloplc.com\n \n26 July 2023\nSECOND QUARTER PRODUCTION REPORT\nFOR THE THREE MONTHS ENDED 30 JUNE 2023\n \nOctavio Alvídrez, Chief Executive Officer, said:\n \n\"I am pleased to report a solid production performance in the first half and confirm that our full year guidance is unchanged. Higher silver production was in part due to the on-going ramp up of our new Juanicipio mine, which is progressing as planned and we expect to reach full nameplate capacity in the next quarter. The continued strong grades and volumes at our Herradura mine, together with an increased contribution from Saucito, generated an increase in gold production from the previous half. We were also pleased to complete the tie-in of the new Pyrites Plant to the national power grid with the plant moving quickly into operations. Looking ahead, our focus remains on the safe operation of our mines, with a particular attention on costs, which continue to be impacted by inflation and the revaluation of the Mexican peso against the dollar, while meeting our longer term development objectives.\"\n \nHIGHLIGHTS\n \nSilver\n \n· Quarterly attributable silver production of 14.9 moz (including Silverstream), up 12.9% vs. 1Q23, mainly driven by the ramp-up of Juanicipio and, to a lesser extent, a higher ore grade at San Julián Disseminated Ore Body (DOB) and the increase in volume of ore processed at Saucito, par...