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Silver down, gold up for Fresnillo in Q1

Silver production at FTSE 100-listed Fresnillo fell 5% year-on-year in the first quarter due to lower grades at its Saucito mine in Mexico but gold output surprised to the upside with a 16% yoy increase. The miner said it was on track to meet full-year guidance after downgrading in January.

Oonagh Reidy
Fresnillo says it is on track to meet FY 2021 production guidance

Fresnillo says it is on track to meet FY 2021 production guidance

Attributable silver production fell 4.5% to 12.6 million ounces yoy, with a 22% yoy drop in output at Saucito offset by a strong performance at San Julian, where output rose 8% to 3.4Moz, and Fresnillo,...

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