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Fresnillo expects gold and silver production at lower end of guidance following dip in Q3 output

By BFN News | 07:27 AM | Wednesday 23 October, 2019


Mining company Fresnillo said gold and silver production was likely to be at the lower end of guidance as output of both metals fell in the third quarter. The company said 2019 silver and gold production was likely to be at the lower end of the guided ranges of 55m-to-58m ounces of silver and 880,000-to-910,000 ounces gold, respectively. The softer outlook came as silver production fell 7.9% to 13.3m ounces in the third quarter from the second, and fell 14.9% on-year, mainly driven by lower ore grades at Saucito and San Julian. Quarterly gold production fell 5.2% to 209,800 ounces in the third quarter from the second, and 6.9% from a year earlier, mainly due to a lower ore grade at Herradura. Story provided by StockMarketWire.com

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