Fresnillo Results Presentation Deck
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KEY ACTIONS
• Recruitment and training progressed with the mine well staffed by year end;
invested in new equipment
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2022 PRELIMINARY RESULTS OPERATIONS
SAUCITO
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Development rates stabilised but continued to be impacted by the residual effects
of the labour reform
Deepening of the Jarillas shaft, including horizontal development continued;
projects to improve ventilation and pumping progressed as expected
Ore throughput decreased by 14.8% due to lower productivity given the recruitment
of personnel new to mining, and also due to changes in the short term planning
methodologies
Silver ore grade increased 9.8% year on year
We expect volumes of ore processed to increase to the optimal run rate of c. 7,000
tpd in 2023
Production
Million Ounces
20
15
0
H
2019
KEY OPERATING HIGHLIGHTS
Silver production - moz
Gold production - koz
Cost per tonne - US$
Cash cost - US$/oz of Ag
AISC - US$/oz of Ag
Reserves 2022 **
Resources 2022
2020
**
2021
2022
Silver Production
Silver Ore Grade
FY22
12.5
75.5
119.5
4.5
16.8
2023e
Grade
350
300
250
200
150
13
100
Grams/tonne
FY21
13.0
90.7
89.8
(0.8)
9.5
115.9 moz Ag, 516 koz Au
428.4 moz Ag, 1.9 moz Au
* Includes production from Phase I of th Pyrites Plant
**As of 31 May 2022View entire presentation