Business
2Q24 Production Report
2Q24 Production Report.
About this update from Fresnillo Plc
[{"type":"text","content":"\n\nFresnillo plc\n21 Upper Brook Street\nLondon W1K 7PY\nUnited Kingdom\nwww.fresnilloplc.com\n \n24 July 2024\n \n \n \nSECOND QUARTER PRODUCTION REPORT\nFOR THE THREE MONTHS ENDED 30 JUNE 2024\n \nOctavio Alvídrez, Chief Executive Officer, said:\n \n\"The Group has maintained the steady operating performance demonstrated in the first quarter and we remain on track to meet full year guidance. I am particularly pleased with the strong output from Saucito which has offset a slightly weaker performance at the Fresnillo mine. I would also like to highlight the excellent work done by the team at Juanicipio where we have gained access to higher grade areas, and Ciénega where we have reported a strong rise in gold output. The period was not without weather-related challenges, as heavy rain impacted Herradura. The Herradura team has done a fantastic job in ensuring access to higher grade areas which will result in higher gold output in the second half of the year. Our priorities for the second half are unchanged. Safety is of paramount importance where we will look to build on the strong safety performance in the second quarter, while we will also focus on delivering the maximum performance from all our mine sites.\"\n \n \n \n \nHIGHLIGHTS\n \nSilver\n \n· Quarterly attributable silver production of 14.6 moz (including Silverstream) up 8.4% vs. 1Q24 due to the increase in volume of ore processed and higher ore grade at Saucito, higher volume of ore processed, ore grade and recovery rate at Juanicipio and higher ore grade at Ciénega.\n \n· Quarterly attributable silver production (including Silverstream) down 1.4% vs. 2Q23, mainly due to the lower ore grade, decreased volume of ore processed and lower recovery rate at San Julián DOB and a decrease in volume of ore processed and lower ore grade at Fresnillo, partly offset by the higher ore grade and increased volume of ore processed at San Julián Veins and Saucito and higher ore grade at Ciénega.\n \n· First half silver production of 28.2 moz (including Silverstream) broadly unchanged vs. 1H23 with the higher ore grade and increased volume of ore processed at San Julián Veins, Saucito and Ciénega, and the increased contribution from Juanicipio, offset by the lower...