Mexican precious metal miner Fresnillo PLC (FRES.LN)
Wednesday reported a rise in silver production for the first quarter
ending March 31 after more ore was processed and said it's on track to
meet 2014 production targets.
Silver production was 10.4 million ounces for the quarter, up 3.5% from
the same period a year ago, while gold production fell 29.7% to 82,653
ounces due to mine closures.
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Silver production was 10.4 million ounces for the quarter, up 3.5% from
the same period a year ago, while gold production fell 29.7% to 82,653
ounces due to mine closures.
The company said it's on track to produce 43 million ounces of silver in 2014 and 450,000 ounces of gold.
Shares closed Tuesday at 902 pence valuing the company at GBP6.6 billion ($11 billion).
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