Record Silver and Gold Production
Fresnillo achieved 56.3 million ounces of silver production, maintaining its status as the world’s number one silver producer. Additionally, it is the leading gold producer in Mexico with close to 39 million ounces of gold.
Financial Performance and Special Dividend
Strong cash flows and a robust balance sheet allowed Fresnillo to declare a one-off special dividend. The company reported a 147% increase in gross profit and a 563% increase in operating profit.
Operational Stability Achieved
After years of operational challenges, Fresnillo has stabilized production across all operations, hitting production guidance for the past couple of years.
Positive Trends in Cost Control
The company achieved $40 million in cost-cutting and efficiency improvements, resulting in reduced production costs.
Renewable Energy and Environmental Achievements
Fresnillo surpassed its objective of sourcing 75% of its energy demand from wind sources by 2030, achieving over 80% in 2024.