Fresnillo produced 13,905mt of lead in the march ending quarter (Q1), up by 15pc from the prior year. Zinc output rose by 4pc to 22,655mt from the prior-year quarter.

 

Production of both lead and zinc dipped from the preceding quarter due to COVID-19 restrictions. Lead production fell by 7.3pc and zinc was down 8.8pc, from the prior-quarter. The decline was also a result of lower ore grades and recovery rates. Ore grades, however, were better from the prior-year. 

Production (mt)Q1 2020Q1 2019Pc Change Q4 2019Pc Change
Lead13,90512,12515%14,997-7%
Zinc22,65521,7524%24,832-9%

Fresnillo is constantly reviewing its 2020 guidance and the timeline of commissioned projects amid COVID-19. The company  has a total of seven mines, all in Mexico, of which five produce lead and zinc as a by-product. 

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