Myfxtools
  • Login
  • Expert Advisors
  • Forex Signals
    • Best Forex Signals
  • Forex Brokers
  • Forex Trading
    • Forex Guides
    • Analytical Tools
    • Charting Software
  • Crypto Trading
  • Portfolios
No Result
View All Result
  • Expert Advisors
  • Forex Signals
    • Best Forex Signals
  • Forex Brokers
  • Forex Trading
    • Forex Guides
    • Analytical Tools
    • Charting Software
  • Crypto Trading
  • Portfolios
  • Login
Myfxtools
  • Log In
Home News

Fresnillo Maintains Production Guidance for Silver and Gold

by Myfxtools
October 25, 2023
in News
Share on TwitterShare on Facebook

Fresnillo, a leading Mexican precious-metals miner, has confirmed its full-year production guidance for silver and gold, despite a decrease in output for both metals in the third quarter.

Silver Production

In the quarter, Fresnillo produced 14.1 million ounces of silver, compared with 14.9 million ounces in the previous quarter. The decline was primarily attributed to lower ore grade and volume of ore processed at the San Julian and Saucito mines. Additionally, the volume of ore processed at the Juanicipio mine, the world’s largest silver producer, also contributed to the decrease.

Gold Production

Gold production experienced a 13% drop, with 132,627 ounces produced in the third quarter, down from the preceding quarter. This decline was mainly due to lower output at the Herradura and Noche Buena mines, as well as a decrease in ore grade and recovery rate at Saucito.

Lead and Zinc Production

On a positive note, lead output increased by 4.2% to 14,575 tons, while zinc production saw a significant jump of 13% to 29,073 tons.

Outlook and Challenges

CEO Octavio Alvidrez acknowledged the ongoing impact of inflation and the revaluation of the Mexican peso, which are expected to pose challenges going into 2024. Despite these headwinds, Fresnillo remains committed to achieving its full-year targets. The company aims to produce between 57.0 million and 64.0 million ounces of silver and expects gold production to range from 590,000 to 640,000 ounces.

forex ea chart
Would you like to try out trading with an Expert Advisor?
Check Out Best Forex EAs Here
Tags: ChallengesFresnillogoldProductionSilver
Previous Post

European Equities Predicted to Outperform U.S. Ones

Next Post

Heineken Delivers on Full-Year Guidance Despite Slowing Consumer Demand

Next Post

Heineken Delivers on Full-Year Guidance Despite Slowing Consumer Demand

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

39 − = 30

Recent Posts

  • Dividend Funds See Resurgence Amid Rate-Cut Bets, Volatility
  • Fed Stress Tests Clear All Banks Amid Softer Scenarios
  • U.S. Stocks Close Out Second Strong Month with Gains
  • U.S. Court Orders Argentina to Cede YPF Stake
  • NZD/USD Strengthens as Fed Independence Questioned
  • About Us
  • Contact Us
  • Privacy Policy
  • Risk Disclosure
Myfxtools turns raw trade logs into verified dashboards and AI-driven insights - helping traders see, share, and sharpen their edge.

© 2025, Myfxtools. All rights reserved.

AI Strategy Insight is educational and not financial advice.

  • Expert Advisors
  • Forex Signals
    • Best Forex Signals
  • Forex Brokers
  • Forex Trading
    • Forex Guides
    • Analytical Tools
    • Charting Software
  • Crypto Trading
  • Portfolios

© 2025, Myfxtools. All rights reserved.

AI Strategy Insight is educational and not financial advice.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In