Business
Q4 Production Report
Q4 Production Report.
About this update from Fresnillo Plc
[{"type":"text","content":"\n RNS Number : 4609Z Fresnillo PLC 14 January 2011 \n \n\n Fresnillo Plc\n28 Grosvenor Street\nLondon W1K 4QR\nUnited Kingdom\nwww.fresnilloplc.com\n \n14 January 2011\nProduction Report \nfor the three months ended 31 December 2010 \nOverview \n· Quarterly attributable silver production of 10.5m oz, up 3.6% on the corresponding period last year (including 0.91m oz from the Silverstream).\n· Record quarterly attributable gold production of 100,822 oz, a 26% increase over the corresponding period last year as Soledad-Dipolos exceeds expectations.\n· Record annual silver production of 42.1m oz, up 2.0% year on year (including 3.5m oz from the Silverstream).\n· Record annual attributable gold production of 368,995 oz, up 33% year on year \n· Construction of the Saucito development project, and expansions at Ciénega and Soledad-Dipolos are on track to be concluded in 1H 2011. \n· Board approval of Noche Buena gold project with commercial production expected in H1 2012 with an estimated average production of 75,000 oz pa.\n \nOutlook for 2011\n· Silver production expected to increase by 5% to 44m oz (including 3m oz from the Silverstream) as Saucito starts up in H1 2011.\n· Attributable gold production expected to increase by 8% to 400,000 oz as Soledad-Dipolos and Ciénega expand production throughout 2011. \n· Construction of Noche Buena will commence for expected production in 2012...