Fresnillo PLC (MEX:FRES)
MXN 181.1 0 (0%) Market Cap: 143.50 Bil Enterprise Value: 151.77 Bil PE Ratio: 30.22 PB Ratio: 1.88 GF Score: 72/100
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Q2 2019 Fresnillo PLC Production Volume Call Transcript

Jul 17, 2019 / 07:00AM GMT
Release Date Price: MXN210
Operator

Hello, and welcome to Fresnillo Plc Second Quarter 2019 Production Report. My name is Amelia, and I'll be your coordinator for today's conference. (Operator Instructions)

I am now handing you over to your host, Octavio Alvídrez, CEO, to begin today's conference. Thank you.

Octavio M. AlvÃ;drez
Fresnillo Plc - CEO

­ -

Thank you very much, operator. Good morning, everyone, and thank you for joining us. This is Octavio Alvídrez, CEO, and I'm joined by our CFO, Mario Arreguín; and our Investor Relations teams in London. Today, we have released our second quarter production report. We have also taken the decision to provide more detailed guidance on costs for the half. I will touch on both. Then we would be happy to take your questions.

Firstly, production. As you can see, both silver and gold production are up on the previous quarter. The silver improvement has been driven by higher ore grades and volumes of ore processed at both Fresnillo and San Julián Disseminated Ore Body and higher recovery rates at Saucito.

Gold

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