Fresnillo On Track For Fiscal Year Production Guidance

By Rory Gallivan Features Dow Jones Newswires

Mexican precious metal miner Fresnillo PLC (FRES.LN) said Wednesday it is on track for full-year production guidance after silver production rose in the first quarter and gold output fell.

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Silver production for the quarter ended March 31 rose by 10.7% from the same period last year to 13.5 million ounces, while gold production was down by 3.3% at 222,300 ounces.

The company said it is on track to achieve 2017 production guidance of 58 million to 61 million ounces of silver and 870,000 to 900,000 ounces of gold.

Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

(END) Dow Jones Newswires

April 26, 2017 02:29 ET (06:29 GMT)