Business
Production Report Q1 2011
Production Report Q1 2011.
About this update from Fresnillo Plc
[{"type":"text","content":"\n \nRNS Number : 8022E Fresnillo PLC 13 April 2011 \n \n\n Fresnillo Plc\n28 Grosvenor Street\nLondon W1K 4QR\nUnited Kingdom\nwww.fresnilloplc.com\n \n13 April 2011\n \nProduction Report \nfor the three months ended 31 March 2011 \nOverview \n· Record gold production for a 1st quarter, up 13.3% to 96,407 ounces compared to 1Q 2010.\n· Quarterly attributable silver production of 10.1 million ounces, including the Silverstream, decreased by 2.2% when compared to 1Q 2010.\n· Saucito commissioned on 21st February with first commercial production on 1st April. \n· Soledad-Dipolos expansion to produce 130,000 total gold ounces per year concluded over the quarter\n· The sinking of the San Carlos shaft at the Fresnillo mine is expected to be concluded by 2H 2011. \n· The expansion of Ciénega's milling capacity from 755,000 to 930,000 tonnes per year will be concluded in 2Q 2011 and the sinking of the shaft to become operational in 2H 2011. \n \nJaime Lomelín, Chief Executive Officer, said:\n\"We are delighted with our operational achievements over the quarter. Saucito was successfully commissioned and commercial production has begun; the expansion at Soledad-Dipolos was successfully concluded which has contributed to the Company's gold production; and we continued to work on optimising the Fresnillo, Herradura and Cienéga mines which will stabilise production and reduce costs. \nThe next step in our gold growth strategy is to develop the Noche Buena gold mine where c...