Business
Interim Management Statement
Interim Management Statement.
About this update from Fresnillo Plc
[{"type":"text","content":"\n RNS Number : 2858U Fresnillo PLC 13 October 2010 \n \n\n Fresnillo Plc\n28 Grosvenor Street\nLondon W1K 4QR\nUnited Kingdom\nwww.fresnilloplc.com\n \n13 October 2010\n \nInterim Management Statement and Production Report \nfor the three months ended 30 September 2010 \nOverview \n· Quarterly silver production of 10.69m oz reached a new record level (including 0.82m oz of the Silverstream).\n· Record quarterly attributable gold production of 91,822 ounces, a 44.4% increase over the corresponding period last year.\n· On track to achieve 2010 production target of 340,000oz attributable gold and of 41.1moz of silver (including 3.0 m oz of the Silverstream).\n· Construction of the Saucito development project on schedule for start up in 1H 2011. \n· Expansion of Ciénega's milling capacity is progressing according to schedule. \n· Positive exploration results were achieved at the Herradura mine (Centauro Deep) and at the San Julián and Orisyvo projects.\n· Cost control measures and efficiency initiatives remain firmly on track. \n \n\nJaime Lomelín, Chief Executive Officer, said:\n\"In the third quarter, the solid performance at our operating mines contributed to record levels of quarterly gold and silver production. Our exploration programme remains on schedule with positive results in several projects. This outcome has encouraged us to initiate the construction of adits and ramps in the projects with most potential to confirm drilling resul...