Business
Production Report for the 3 months ended 30 Jun 16
Production Report for the 3 months ended 30 Jun 16.
About this update from Fresnillo Plc
[{"type":"text","content":"\n \nRNS Number : 6717E Fresnillo PLC 20 July 2016 \n\n Fresnillo plc\n21 Upper Brook Street\nLondon W1K 7PY\nUnited Kingdom\nwww.fresnilloplc.com\n \n20 July 2016\n \nProduction Report \nfor the three months ended 30 June 2016\nOverview\n \n· Quarterly silver production of 13.0 moz (including Silverstream), up 14.5% vs. 2Q15 and up 6.3% vs. 1Q16, and first half silver production of 25.2 moz (including Silverstream), up 6.1% vs. 1H15, mainly due to increased ore processed at Saucito and higher ore grades at Ciénega\n \n· Quarterly gold production of 218 koz, up 19.6% vs. 2Q15, and first half gold production of 448 koz, up 23.0% vs. 1H15, due to a higher speed of recovery and higher ore volumes processed at Herradura, and a higher speed of recovery at Noche Buena \n \n· Quarterly gold production down 5.3% vs. 1Q16 due to a temporary reduction in the flow of rich solution processed whilst maintenance work was carried out at the Herradura storage pond\n \n· Construction of the leaching plant (stage 1) at San Julián completed on time and on budget. However, as previously announced, a technical problem with the mill means regular production expected to resume by first week of August\n \n· Full year gold guidance raised to 850-870 koz from 775-790 koz; full year silver production remains on track (49-51 moz, including Silverstream)\n \nOctavio Alvídrez, Chief Executive Officer, said:\n\"I am pleased to report solid second quarter production, with 13 million ounces of silver and 218 thousand ounces of ...