Fresnillo’s Board Approves Feasability Study for $500 Million Silver Project

Mineweb reported that Mexican silver miner Fresnillo Plc’s board of directors has approved the feasability study for the development of the San Julián silver project, which is expected to cost around $500 million.

As quoted in the market report:

In a news release issued early Thursday, Fresnillo called San Julian “a key project” which a pre-feasibility study claims is expected to yield 5.7 million ounces of silver and 1,300 ounces of gold during its first year of operation, gradually ramping up to an average of 9.6 million ounces of silver and 40,000 ounces of gold annually once at full capacity.

To view the whole Mineweb report, click here.