San Julian silver-gold mine contributed 21.0% to total silver production and generated 12.9% of total adjusted revenue (2024).
The San Julián silver-gold project is a cornerstone of our current and future production goals. The geological potential identified in the region thus far may be sufficient to establish a new mining district in the future. The San Julián project includes construction of two plants: i) a dynamic leaching plant to treat ore from the veins and ii) a flotation plant with 6,000 tpd capacity to process ore from the disseminated body.
Overview
Asset: | San Julián |
|---|---|
Ownership: | 100% Fresnillo plc |
Location: | Chihuahua/Durango border |
Commodity: | Silver/Gold |
Operational since: | 2H16 (Vein System) / 2Q17 (Disseminated Ore Body) |
Facilities: | Underground mine, flotation plant and a dynamic leaching plant |
Workforce: | 792 employees, 1,256 contractors |
Life of Mine: | 3.8 Veins (2022: 4.8), 1.1 Disseminated Ore Body (2022: 2.8) |
Mine Production
1Q25 | 4Q24 | % change | 1Q24 | % change | FY24 | FY23 | % change | |
|---|---|---|---|---|---|---|---|---|
Ore processed: - Veins (t) | 292,574 | 329,250 | (11.1) | 291,003 | 0.5 | 1,236,682 | 1,142,309 | 8.3 |
Production: Veins | ||||||||
Gold (oz) | 12,088 | 13,394 | (9.7) | 11,973 | 1.0 | 49,633 | 41,009 | 21.0 |
Silver (koz) | 1,979 | 2,287 | (13.5) | 2,039 | (2.9) | 8,443 | 5,559 | 51.9 |
Ore grades: Veins | ||||||||
Gold (g/t) | 1.36 | 1.31 | 3.3 | 1.35 | 0.1 | 1.31 | 1.17 | 12.0 |
Silver (g/t) | 231 | 234 | (0.9) | 239 | 3.2 | 232 | 166 | 39.8 |
Production Highlights
51,413
Gold (oz)
(FY24)
% 15.6 Change
11,836
Silver (koz)
(FY24)
% (11.3) Change
Financial Highlights
469.6
Adjusted Revenue
(US$m, FY24)
253.8
Segment Profit
(US$m, FY24)
49.4
Capital Expenditure
(US$m, FY24)
16.5
Exploration
(US$m, FY24)
1Q25 Production Report
San Julián Veins
-
Quarterly silver production decreased 13.5% vs. 4Q24 mainly due to the lower volume of ore processed driven by an electrical fault that affected the ball mill and required an unplanned maintenance stoppage in February.
-
Quarterly gold production decreased 9.7% vs. 4Q24 due to lower volume of ore processed partially mitigated by the higher ore grade. Quarterly gold production was in line with 1Q24.
- Silver and gold ore grades in 2025 are expected to be in the ranges of 210-230 g/t and 1.10-1.30 g/t respectively.
San Julián Disseminated Ore Body (DOB)
-
Mining activities concluded in November 2024 as per previous guidance.
