Business
FY22 Preliminary Results
FY22 Preliminary Results.
About this update from Fresnillo Plc
[{"type":"text","content":"\n \n \n Fresnillo plc\n \n \n \n Financial results for the year ended 31 December 2022\n \n \n \n \n Fresnillo plc today announced its financial results for the full year ended 31 December 2022.\n \n \n \n \n Octavio Alvídrez, CEO said:\n \n \n \n \n \"Fresnillo delivered a resilient operating performance in 2022, with our people rising to meet a number of external challenges and deliver on our production guidance. Our financial results were impacted by industry pressures included volatile precious metal prices and higher cost inflation, while our workforce continued to feel the impact of the pandemic and caused delays to our development programme, and more specific to Mexico, the labour reform which limited the use of contractors requiring us to train new employees. Despite these, gold and silver production was in line with guidance and we have made solid progress on our strategy, both maximising the potential of our current mines, while also continuing to explore on our considerable growth pipeline. Our new Juanicipio mine is now being commissioned and we expect to achieve grid connection of the new pyrites plant phase II in the second quarter. We achieved much in 2022, and I would like to thank all my colleagues for their diligence. We are announcing a final dividend for 2022 of 13.3 US cents per share to shareholders, in line with our policy. Looking ahead, we are confident in our existing operations, and excited about our growth pipeline. We are the largest silver producer in the world, have high quality assets, a consistent strategy, a very strong balance sheet, a vibrant culture, talented personnel and an experienced management team. Fresnillo's future is bright.\"\n \n \n \n \n Financial Highlights - 12 months to 31 December 2022\n \n \n \n \n \n \n \n \n \n \n \n \n \n $ million unless stated\n \n \n \n \n \n \n 2022\n \n \n \n \n \n \n 2021\n \n \n \n \n \n \n % change\n \n \n \n \n \n \n \n \n Silver Production* (kOz)\n \n \n \n \n \n \n 53,740\n \n \n \n \n \n \n 53,095\n \n \n \n \n \n \n 1.2\n \n \n \n \n \n \n \n \n Gold Production* (Oz)\n \n \n \n \n \n \n 635,926\n \n \n \n \n \n \n 751,203\n \n \n \n \n \n \n (15.3)\n \n \n \n \n \n \n \n \n Total Revenue\n \n \n \n \n \n \n 2,433.0\n \n \n \n \n \n \n 2,703.1\n \n \n \n \n \n \n (10.0)\n \n \n \n \n \n \n \n \n Adjusted Revenue**\n \n \n \n \n \n \n 2,5...