Fresnillo PLC Announces Production Results for the Fourth Quarter and Full Year of 2016; Provides Production Guidance for the Year 2017
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.