Business
3Q21 Production Report
3Q21 Production Report.
About this update from Fresnillo Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3562Q\n Fresnillo PLC\n 27 October 2021\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 27 October 2021\n \n \n THIRD QUARTER PRODUCTION REPORT \n \n \n FOR THE THREE MONTHS ENDED 30 SEPTEMBER 2021\n \n \n \n \n \n Octavio Alvídrez, Chief Executive Officer, said:\n \n \n \n \n \n \"Silver production has remained in line with the first nine months of last year with gold production over the same period ahead of expectations as our Herradura gold mine continues to deliver strong results. We have made good progress with our next flagship mining project Juanicipio in the quarter and we are well set to commission the plant before the end of the year subject to the timely power connection by the national grid. We have seen some limited short term disruption as a result of the new labour reforms in Mexico which has impacted the performance of our Fresnillo and Saucito mines in particular, due to the higher proportion of contractors at those underground mines. However, the combination of continued efficiency measures, the higher volume of ore processed at Herradura, the ongoing contribution of development ore from our Juanicipio project and an increase in silver ore grades at San Julián Disseminated Ore Body, give us confidence in our full year guidance.\" \n \n \n \n \n \n HIGHLIGHTS\n \n \n \n \n \n Silver\n \n \n \n \n \n Year-to-date attributable silver production of 40.2 moz (including Silverstream), in line with YTD20 due to a higher ore grade at San Julián DOB and, to a lesser extent, the contribution of development ore from Juanicipio, offset by a lower ore grade and volume of ore processed at Saucito.\n \n \n \n \n \n Quarterly attributable silver pro...