Fresnillo in January-September increased silver production by 1%
October 20, 2014
Mexican Fresnillo Plc, the world's largest primary silver producer, in January-September 2014 increased total production by 1.3% to 32.414 million ounces (1,008.2 m) of the precious metal as compared to the same period last year, the company said. Gold production fell by 14.1% to 300.662 thousand. Ounces (9.4 tonnes) of the suspension of production at the field Soledad-Dipolos (Soledad-Dipolos) and temporary outages at the mine Herradura (Herradura). Climb lead production - decreased by 0.5% to 19,257 tonnes of zinc - increased by 14.9% to 21,647 tonnes.
In 2014, Fresnillo plans to produce 43 million ounces of silver (1337.45 m). Plan for the production of gold, the company increased to 590 thousand. Ounces (18.4 tonnes) of 450 thousand. Ounces earlier after consolidation of 100% of the assets of the joint venture with Newmont Penmont in Mexico.
Long-term plan for the production of gold has also been increased to 750 thousand. Ounces in 2018 versus 500 thousand. Ounces previously. Production plan of 65 million ounces of silver remained unchanged.
Fresnillo has six active precious metals deposits located in Mexico. In 2013, the company produced 42,743,000 ounces of silver and 425.831 thousand. Ounces of gold.
October 20, 2014
Prime. Gold Mining Gazette