Fresnillo PLC (OTCPK:FNLPF)
$ 9.956 0.121 (1.23%) Market Cap: 7.19 Bil Enterprise Value: 7.60 Bil PE Ratio: 31.41 PB Ratio: 1.90 GF Score: 87/100

Q3 2019 Fresnillo PLC Production Report Call Transcript

Oct 23, 2019 / 07:00AM GMT
Release Date Price: $8.15 (-4.12%)
Operator

Hello, and welcome to the Fresnillo Q3 Production Report. My name is Terese. And I will be your coordinator for today's results. Please note this conference is being recorded. (Operator Instructions)

I will now hand over to your host, Gabriela, to begin today's conference. Thank you.

Gabriela Mayor
Fresnillo Plc - Head of IR

Thank you very much, Terese. Good morning, everyone, and thank you for joining the call. As usual, I will provide a very short introduction to the numbers, and I will then take your questions.

Quarterly silver production was down against the previous quarter and 3Q '18 mainly driven by a lower ore grade at Saucito and at San Julián. Year-to-date silver production is down against its forthcoming period as a result of the lower ore grade at Saucito and Fresnillo as previously discussed in prior reports. Gold production was down across all comparative periods, though the reasons for this decline vary across periods, as we described in the report, one of which relates to the delay in the construction of the 13 leaching pads

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