PRECIOUS METALS

Earlier Juanicipio production comes at 11.4% capex slide

Joint venture partners Fresnillo and MAG Silver say construction of the Juanicipio silver-gold mine in Zacatecas, Mexico, is on track to deliver production ahead of schedule around midyear, albeit at a higher capital cost.

Staff Reporter
Fresnillo has accelerated development of its JV Juanicipio project in Mexico

Fresnillo has accelerated development of its JV Juanicipio project in Mexico

However, the accelerated production schedule has bumped project capex up 11.4% to US$440 million, from $395 million estimated in January 2018, reflecting higher expenses for faster underground development,...

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