Business
Q3 Production Report
Q3 Production Report.
About this update from Fresnillo Plc
[{"type":"text","content":"\n RNS Number : 7251A Fresnillo PLC 14 October 2009 \n \nFresnillo Plc28 Grosvenor Street\nLondon W1K 4QRUnited Kingdomwww.fresnilloplc.com\n\n14 October 2009\n\nProduction Report and Interim Management Statement\nfor the three months ended 30 September 2009 \nOverview \n\n\nQuarterly attributable silver production increased by 9.3% over the same period last year to a new record level of 9.7 million ounces. \n\n\nOn track to achieve full year 2009 production target of 40.1 moz attributable silver (including 3.1 moz from the Silverstream), a 7.2% increase over 2008, and 265.0 koz attributable gold. \n\n\nConstruction of Soledad and Dipolos remains on track for start up in Q1 2010. Pre-Operational tests to be carried out in January 2010.\n\n\nConstruction of the Saucito project is proceeding according to schedule.\n\n\nCost per tonne milled/deposited at our three operating mines are in line with the levels stated in the Interim Report.\n\n\nFinancial position remained steady over the quarter and cash balance at the end of the period to 30 September 2009 was US$233.5m.\n\n\n\nJaime Lomelín, Chief Executive Officer, said:\n\"We are pleased with another solid operational performance over the September quarter. Production reached a new record level, the development of our two projects, Soledad and Dipolos and Saucito, remain on track, and our exploration programme around the mines and projects is on schedule. The Company will benefit from the stronger precious metal prices over the period, and we are confident that solid production, higher prices and our ongoing efforts to optimise productivity and reduce costs will ensure a good outcome for 2009 as a whole.\"\n \nTotal Production \nFresnillo plc attributable production\n\n\n\n\n\n\n\n3Q 09\n\n\n3Q 08\n\n\n% change\n\n\n2Q 09\n\n\nYTD 09\n\n\nYTD 08\n\n\n% change\n\n\n\n\nSilver prod'n (kOz)\n\n\n9,750\n\n\n8,921\n\n\n9.3\n\n\n9,587\n\n\n28,555\n\n\n26,359\n\n\n8.3\n\n\n\n\nSilverstream\n\n\n898\n\n\n703\n\n\n27.7\n\n\n662\n\n\n2,446\n\n\n1,749\n\n\n39.8\n\n\n\n\nTotal Silver production\n\n\n10,648\n\n\n9,624\n\n\n10.6\n\n\n10,249\n\n\n31,001\n\n\n28,108\n\n\n10....