Fresnillo Plc. (FRES.L) reported that attributable silver production for the second quarter of 2025 was 12.5 million ounce (including Silverstream) down 14.7% from last year. The decline was mainly due to the cessation of mining at San Julián DOB, lower ore grades and reduced recovery rates at Ciénega, and lower ore grades at Juanicipio. These impacts were partially offset by increased ore processing and higher grades at San Julián Veins.
Quarterly attributable gold production was 157,735 ounce, an increase of 21.3% from the prior year primarily due to the higher ore grade and the additional gold inventories processed at Herradura, partly offset by the lower ore grade and decreased ore processed at Fresnillo.
For fiscal 2025, the company continues to expect attributable Silver production, including silverstream, to be in the range of 49 million ounce to 56 million ounce. Attributable Gold production for the year is expected between 525 thousand ounce and 580 thousand ounce.
Expected production for 2026 and 2027 remains unchanged.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.