Fresnillo PLC announced production results for the fourth quarter and full year of 2016. The company record annual silver production of 50.3 moz (including Silverstream), up 7.1% compared to 2015, in line with guidance. Recorded annual gold production of 935.5 koz, up 22.8% compared to 2015 and ahead of guidance, mainly due to reduced gold inventories at Herradura. Additionally the San Julián (phase I) start-up and an improved overall average speed of recovery at Noche Buena contributed

The company record fourth quarter 2016 silver production of 13.3 moz (including Silverstream) up 9.5% compared to fourth quarter 2015, mainly due to the start up of San Julián phase I. Quarterly gold production increased 24.2% compared to fourth quarter 2015 and 22.0% compared to third quarter 2016 mainly due to reduced gold inventories at Herradura and the San Julián start up·  

For the year 2017, silver production expected to be in the range of 58-61 moz including 4 moz from the Silverstream, gold production expected to be in the range of 870-900 koz, due mainly to the stabilisation of production at Herradura following the reduction in inventories.