The Conversation (0)
2017 silver production (including Silvertream) increased 16.6% vs. 2016 mainly as a result of the full year of San Julián (phase I) operating at full capacity and the start-up of operations at San Julián (phase II). A higher volume of ore processed at Fresnillo and higher ore grades at Ciénega and San Ramón also contributed …
2017 silver production (including Silvertream) increased 16.6% vs. 2016 mainly as a result of the full year of San Julián (phase I) operating at full capacity and the start-up of operations at San Julián (phase II).
A higher volume of ore processed at Fresnillo and higher ore grades at Ciénega and San Ramón also contributed to the increase in silver production. This was partially offset by the expected lower ore grade at Saucito. In addition, the Silverstream contributed less (-4.1%) to silver production due to a lower silver ore grade at Sabinas.
Octavio Alvídrez, Chief Executive Officer, said:
“I am pleased to report that Fresnillo has delivered a strong performance in 2017. Record silver production of 58.7 moz was in line with guidance following the first complete year of San Julián (phase I) operating at full capacity and the start of operations at San Julián (phase II). These major projects were once again delivered on budget reflecting our disciplined approach to investment.”