EU and US could reach trade deal this weekend - Reuters
LONDON - Fresnillo (LON:FRES) PLC, the world’s largest primary silver producer, reported steady second quarter production with gold output trending toward the upper end of its full-year guidance, according to a press release statement issued Wednesday.
The mining company produced 12.5 million ounces of attributable silver (including Silverstream) in the second quarter, a 1.0% increase from the first quarter but a 14.7% decrease compared to the same period last year. The quarterly increase was driven by higher ore processing volumes and improved grades at Saucito and San Julián Veins operations.
Gold production reached 157,735 ounces in the second quarter, up 1.0% from the previous quarter and 21.3% higher than the same period in 2024. The company attributed this growth to higher ore grades and processing volumes at several mines, particularly Herradura.
By-product lead production slightly increased compared to the first quarter, while zinc production rose 12.5% quarter-on-quarter due to higher ore grades and increased processing volumes at Saucito and Juanicipio.
The company maintained its 2025 production guidance, expecting attributable silver production between 49.0 and 56.0 million ounces and gold production between 525,000 and 580,000 ounces.
Fresnillo also reported two fatal incidents, one at Ciénega in June and another at Juanicipio in July. The company stated it has ordered full investigations and is reinforcing safety protocols across its operations.
The mining firm will announce its 2025 interim financial results on August 5.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.