Fresnillo PLC Production Dips Amidst Lower Ore Grades
The precious metals miner maintains its full-year production outlook despite a quarterly decline in gold and silver output.
Business & Markets • 2 months ago
Fresnillo PLC reported a decrease in gold and silver production for its latest period, attributed to lower ore grades at its principal mining operations. Despite this downturn, the company has reaffirmed its full-year production guidance.
The company's output was impacted by a decline in the quality of ore processed at its key mines. This reduction in grade directly affects the amount of precious metals that can be extracted. Fresnillo, however, has indicated that these quarterly fluctuations are within expectations and do not alter the overall forecast for the year.