Fresnillo plc (FRES) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Thank you for joining us today. My name is Octavio Alvidrez, and I'm the CEO of Fresnio PLC. Here with me this morning, we have Mario Arreguin, our CFO. I'm joined also by our Chief Operating Officers, Tomas Iturriaga of the Central Region, and Daniel Diaz of the Northern Region, and our Vice President of Exploration, Guillermo Gastelum. I would like to welcome to our full year results presentation. Before we begin, and as always, I would like to point out to a disclaimer, but I will quickly move to set out what we will cover in our presentation. I will take you through the investment proposition and some of the 2025 highlights and also our key recent HSECR initiatives. Guillermo then will go, well, before Guillermo, Tomas and Daniel will provide an operational update. from the respective regions. Mario will provide a financial update. Guillermo will talk us about resources and reserves. And then I will come back to close the presentation with some final comments and the outlook. I'm pleased with the performance of our business. As we have already reported, gold exceeded guidance and silver was in line with guidance. I believe this shows how we have stabilized our operations and are now in a strong position to capitalize on future growth opportunities. We remain, and this is going to be a continuous effort, very focused on control of the costs, and mitigate the first initial signs of inflation that we see in our operations. Let's remind that in 2025 we achieved cost savings for 46 million through a number of initiatives. Most of them and the majority of them in the Herradura district. But this will continue to be our focus in 2026. of course having the ounces and controlling the cost even decreasing for two years i would say 24 to 25 and havin...