Fresnillo Plc (FRES)

Overview

Fresnillo plc operates within the non-ferrous mineral mining sector, focusing on the exploration, development, and production of minerals in Mexico. With its establishment dating back to 1887 and headquarters in Mexico City, Mexico, the company has grown to manage operations through its seven key segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. These segments encompass a range of geographical locations and mineral focuses across the country. Fresnillo plc is recognized as a subsidiary of Industrias Peñoles, S.A.B. de C.V., signaling its significant presence in the mining industry and its contribution to the broader economy through its parent company's operations.

Products and Services

• Exploration and Production of Silver:

  Through its Fresnillo, Saucito, San Julián, and Juanicipio mines, Fresnillo plc specializes in the exploration and production of silver, one of its primary commodities. The mines are strategically located in the states of Zacatecas, Chihuahua, and Durango, tapping into some of Mexico's richest silver deposits.

• Gold Mining:

  The company operates significant gold production operations through its Ciénega, Herradura, Noche Buena, and San Julián mines. These facilities are situated in Durango, Sonora, and on the border of Chihuahua/Durango, emphasizing the company’s role in contributing to Mexico's standing in the global gold market.

• Lead and Zinc Concentrates:

  In addition to precious metals like silver and gold, Fresnillo plc is also involved in the mining of lead and zinc concentrates, leveraging its diverse mining portfolio to meet global demand for these essential industrial metals.

• Leasing of Mining Equipment:

  Fresnillo plc extends its operations beyond mineral extraction, offering leasing of mining equipment. This service facilitates the operations of other mining entities and projects, ensuring the availability of high-quality, efficient machinery for the mining sector.

• Production of Gold/Silver Doré Bars:

  The company’s capability includes the production of gold/silver doré bars, a semi-pure alloy of gold and silver, which is then further refined. This process highlights Fresnillo plc's integrated approach to mining, from extraction to preliminary processing.

• Administrative Services:

  Apart from its operational capabilities, Fresnillo plc provides a range of administrative services. These services support the logistical, regulatory, and management needs of its mining operations, ensuring efficient and compliant business practices.