Fresnillo plc - Group Portfolio

Fresnillo plc is the world's largest primary silver producer and one of Mexico's largest gold producers, listed on the London Stock Exchange (LSE: FRES) and the Mexican Stock Exchange (BMV: FRES) and headquartered in Mexico City. The Group operates seven producing mines and a portfolio of development and exploration projects across the Mexican states of Zacatecas, Durango, Chihuahua, Sonora, and Guanajuato, plus the Silverstream contract over the Sabinas mine (operated by Industrias Peñoles). Producing assets include the Fresnillo mine, Saucito, Juanicipio (56% JV with MAG Silver), Ciénega complex, San Julián complex (Veins + DOB), Herradura, and Noche Buena (closing). Major development pipeline includes Orisyvo, Rodeo, Guanajuato, Candameña, Lucerito, Pilarica and the new district exploration around Juanicipio. 2024 Group attributable production: 56.3 Moz silver (including Silverstream) and 631.6 koz gold. 2025 guidance: 49-56 Moz silver and 525-580 koz gold. Total attributable reserves at 30 June 2024: 331.3 Moz silver, 7.2 Moz gold. 2024 EBITDA was US$1,547.3 million versus US$655.7 million in 2023, with profit for the year of US$187.2 million. The Group secured US$40.0 million in cost-reduction initiatives in 2024.