London-listed Fresnillo has published its fourth quarter production results, showing silver and gold production are up quarter-on-quarter.
London-listed Fresnillo (LSE:FRES) has published its fourth quarter production results.
As quoted in the press release:
“Silver and gold production is up on the previous quarter as we begin to see the impact of our performance improvement plan, which includes intensive infill drilling to improve the certainty of the geological model, dilution control and raising development rates, together with actions to address contractor productivity and equipment availability. Full year silver and gold production is in line with our updated guidance,” Octavio Alvídrez, CEO, said.
“As we set out at our capital markets day in December, we are determined to drive better performance from our core assets and we will continue to implement our mine improvement plan throughout the year. Though grades remain variable as we update and refine our geological models, we continue to process higher volumes of ore on a consistent basis, and as a result, our 2020 forecasts are unchanged.”