Business
Production Report for the 3 months ended 31 Dec 15
Production Report for the 3 months ended 31 Dec 15.
About this update from Fresnillo Plc
[{"type":"text","content":"\n \nRNS Number : 3744M Fresnillo PLC 20 January 2016 \n\n Fresnillo plc\n21 Upper Brook Street\nLondon W1K 7PY\nUnited Kingdom\nwww.fresnilloplc.com\n \n20 January 2016\n \nProduction Report \nfor the three months ended 31 December 2015\nOverview\n \n· Full year silver production (including Silverstream) of 47.0 moz, up 4.4% vs. 2014 and at the top end of our guidance range mainly due to higher ore throughput at Saucito, more than offsetting the lower production at Fresnillo \n· Quarterly silver production increased 10.2% vs. 3Q15 due to higher ore grade and ore throughput at Saucito\n· Full year gold production of 762 koz exceeded the revised gold production guidance of 715-730 koz, surpassing the 2018 gold production target of 750 koz; this was as a result of the dynamic leaching plant being fully operational following its start-up in March 2014 and Herradura being fully operational post the temporary explosives permit suspension which affected 2014 production\n· Quarterly gold production increased 24.5% vs. 4Q14 mainly due to the start-up of the second Merrill Crowe plant at Herradura as well as higher overall average speed of recovery at the leaching pads. Increased volume of gold recovered, higher ore deposited and ore grade at Noche Buena also contributed to increase production\n· 4Q15 gold production increased 18.8% vs. 3Q15 due to higher ore deposited at Herradura and increased volume of gold recovered at Noche Buena \n· On track to reach 2018 production target of 65 moz of s...