Business
Production Report for the 3 months ended 30/06/14
Production Report for the 3 months ended 30/06/14.
About this update from Fresnillo Plc
[{"type":"text","content":"\n \nRNS Number : 4165M Fresnillo PLC 16 July 2014 \n \n\nFresnillo plc\n28 Grosvenor Street\nLondon W1K 4QR\nUnited Kingdom\nwww.fresnilloplc.com\n \n16 July 2014\n \nProduction Report \nfor the three months ended 30 June 2014\nOverview\n \n· Quarterly attributable silver production of 10.9 Moz (including the Silverstream) up 5% over 1Q14 as silver ore grades at Fresnillo and Ciénega were higher and as ore throughput at Saucito increased. \n \n· Quarterly and year to date attributable silver production (including the Silverstream) remained at similar levels over the same periods of 2013 mainly as a result of higher ore processed at Saucito and increased production from the Silverstream, which compensated for the lower ore grade at the Fresnillo mine.\n \n· Attributable gold production up 32% over 1Q14 as Herradura gradually increased production toward normal production levels and as the Dynamic Leaching Plant continued to ramp-up to full capacity. \n \n· Quarterly and year to date attributable gold production down 8% and 19% when compared to the same periods of 2013 due to temporary disruptions at Herradura which ended in March 2014 and suspension at Soledad-Dipolos. \n \n· Construction of Saucito II remains on track to be completed in 4Q14. Construction of the leaching plant at San Julián commenced and is on track to start production in 2H15.\n \n· Interesting exploration results were obtained at San Ramón (Ciénega), Cardones (Guanajuato) and Pilarica (Peru) and we expect to report an increase in resources at year end.\n \n· On track to achieve 2014 guidance of 43 million silver ounces, including the Silverstream, and 450,000 attributable gold ounces.\n \nOctavio Alvídrez, Chief Executive Officer, said:\n\"I am very pleased to report a strong second quarter of silver and gold production. We are successfully bringing production back to normal levels at Herradura after having received the new explosives permit, we successfully ramped-up the Dynamic Leaching Plant, and Saucito continues to perform extremely well as does Noche Buena. W...