Business
4Q19 Production Report
4Q19 Production Report.
About this update from Fresnillo Plc
[{"type":"text","content":"\n \nRNS Number : 2207B Fresnillo PLC 29 January 2020 \n\n Fresnillo plc\n21 Upper Brook Street\nLondon W1K 7PY\nUnited Kingdom\nwww.fresnilloplc.com\n \n29 January 2020\nFOURTH QUARTER PRODUCTION REPORT \nFOR THE THREE MONTHS ENDED 31 DECEMBER 2019\n \nOctavio Alvídrez, Chief Executive Officer, said:\n \n\"Silver and gold production is up on the previous quarter as we begin to see the impact of our performance improvement plan, which includes intensive infill drilling to improve the certainty of the geological model, dilution control and raising development rates, together with actions to address contractor productivity and equipment availability. Full year silver and gold production is in line with our updated guidance. \n \n\"As we set out at our capital markets day in December, we are determined to drive better performance from our core assets and we will continue to implement our mine improvement plan throughout the year. Though grades remain variable as we update and refine our geological models, we continue to process higher volumes of ore on a consistent basis, and as a result, our 2020 forecasts are unchanged.\" \n \n \nTOTAL PRODUCTION\n \n\n\n\n\n \n\n\n4Q19\n\n\n3Q19\n\n\n% Change\n\n\n4Q18\n\n\n% Change\n\n\nFY 19\n\n\nFY 18\n\n\n% Change\n\n\n\n\nSilver (koz)\n\n\n 13,131 \n\n\n 12,624 \n\n\n4.0 \n\n\n 14,647 \n\n\n-10.4 \n\n\n 51,764 \n\n\n 58,079 \n\n\n-10.9 \n\n\n\n\nSilverstream (koz)\n\n\n 643 \n\n\n 659 \n\n\n-2.4 \n\n\n 860 \n\n\n-25.2 \n\n\n 2,850 \n\n\n 3,725 \n\n\n-23.5 \n\n\n\n\nTotal Silver (koz)\n\n\n 13,775 \n\n\n 13,283 \n\n\n3.7 \n\n\n 15,507 \n\n\n-11.2 \n\n\n ...