Fresnillo silver Fresnillo increases silver production in third quarter, maintains its 2022 guidance
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However, the company's Q3 2022 attributable gold production of 159.2 koz decreased 7.7% vs. Q3 2021 mainly due to a lower recovery rate as higher volumes of sulphide ore are processed and lower ore grade at Herradura, and a decrease in volume of ore processed and lower ore grade at Noche Buena and Ciénega.
Importantly, the company said it remains on track to meet its 2022 full year guidance of 50.5 to 56.5 moz of attributable silver and 600 to 650 koz of attributable gold production. "Recruitment and training campaigns are on-going in what remains a very tight labour market in Mexico, which, alongside industry wide supply bottlenecks, is making for a challenging operating environment. Nonetheless, we are confident in the overall performance of the business and our full year production guidance remains unchanged."
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