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Fresnillo Plc Announces Production Guidance Regarding San Julian Silver Project

Thursday, 25 Oct 2012 10:19am EDT 

Fresnillo Plc announced that the Company expects to produce 65 million ounces of silver and 500,000 ounces of gold per year by 2018. The Company's Board approved the feasibility study for the development of the USD 500 million San Julian silver project. The expected production levels for the first year of operation are approximately 5.7 million ounces of silver and 1,300 ounces of gold, gradually ramping-up to an average of 9.6 million ounces of silver and 40,000 ounces of gold per year, once at full capacity. The capital cost of the project is estimated at USD 500 million with commercial production expected in the second half of 2014. 

Company Quote

-0.5 -0.05%
20 Aug 2014