Fresnillo Results Presentation Deck
RESERVES & RESOURCES
STRONG SILVER RESOURCE & RESERVE BASES
SILVER RESOURCES
2,204Moz
3,000,000
2,500,000
2,000,000
1,500,000
1,000,000
500,000
0
500,000
400,000
SILVER RESERVES
396,112Koz
300,000
200,000
100,000
2,319,687
0
Resources 2021
419,825
Reserves 2021
51,684
Guanajuato
6,375
Tonnes: +33.0%
Ag grade: +13.8%
2022 Ag resources: 152.3 moz (+51.3%)
4,076
San Julián Veins
-2,881
6,251
San Julián DOB
Tonnes: +6.0%
Ag grade: +3.3% to 252 g/t
2022 Ag reserves: 45.7 moz (+9.9%)
San Julián Juanicipio
Veins
Total silver resources
2,013
-2,998
Tonnes: -19.0%
Ag grade: +4.8%
2022 Ag resources: 428 moz (-15.2%)
Others
Cienega
-15,381
Total silver reserves
-5,030
Ciénega
Tonnes: -10.9%
Ag grade: +3.4% to 242 g/t
2022 Ag reserves: 92 moz (-7.9%)
2022**
San Julián DOB
2,203,872 2,319,687
-76,824
Saucito
2022**
-7,928
2021
396,112
Tonnes: -11.2%
Ag grade: Unchanged
2022 Ag resources: 707 moz (-11.3%)
2021
-89,917
419,825
-115,814
Fresnillo
-8,953
Koz
Tonnes: -22.9%
Ag grade: +20.5% to 264 g/t
2022 reserves: 116 moz (-7.2%)
Fresnillo
Saucito
CHANGE
Koz
Metal price assumptions considered for the calculation of metal equivalent grades are: Gold (US$/oz 1,450.00), Silver (US$/oz 18.50), Lead (US$/lb 0.90) and Zinc (US$/lb 1.15).
*For Resources: At 2022 group production levels using only Measured and Indicated Resources, for Reserves: At 2022 group production levels.
** Using a cut-off date of 31st May 2022 for all mines.
Due to rounding, numbers presented may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.
%
2,203,872
Resources 2022
-23,713
-5.0%
CHANGE
396,112
%
-5.6%
Reserves 2022
RESOURCES
●
RESERVES
●
Resources decreased 5% vs. 2021, primarily due
to depletion and higher costs and cut-off grades
and a more conservative approach to resource
estimation at Fresnillo and Saucito, partly offset by
positive exploration results at San Julián and the
Guanajuato exploration project
●
18
Reserves decreased 5.6% vs. 2021
• Total of 396.1 moz silver reserves (7.4 years of
equivalent production*)
Reduction of reserves mainly due to depletion and
higher costs and higher cut-off grades at Fresnillo
and Saucito, and depletion at San Julián (DOB),
partly mitigated by exploration at San Julián
(Veins)View entire presentation