Fresnillo plc is a Mexican

precious metal Precious metals are rare, naturally occurring metallic chemical elements of high economic value. Chemically, the precious metals tend to be less reactive than most elements (see noble metal). They are usually ductile and have a high lustre. ...

s mining company incorporated in the United Kingdom and headquartered in

Mexico City Mexico City ( es, link=no, Ciudad de México, ; abbr.: CDMX; Nahuatl: ''Altepetl Mexico'') is the capital and largest city of Mexico, and the most populous city in North America. One of the world's alpha cities, it is located in the Valley o ...

. Fresnillo is the world's largest producer of silver from

ore Ore is natural rock or sediment that contains one or more valuable minerals, typically containing metals, that can be mined, treated and sold at a profit.Encyclopædia Britannica. "Ore". Encyclopædia Britannica Online. Retrieved 7 April 2 ...

(primary silver) and Mexico's second-largest gold miner. It is listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

and is a constituent of the

FTSE 100 Index The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" , is a share index of the 100 companies listed on the London Stock Exchange with (in principle) the highest market ...

History

Formerly a wholly owned operating division of Industrias Peñoles, a minority stake in the company was spun off on the

in a May 2008

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

, with a secondary listing on the Mexican Stock Exchange on the same day. On 15 August 2012, Octavio Alvídrez took over as chief executive from Jaime Lomelín, following a handover period.

Operations

The company operates three gold and silver mines in Mexico (Industrias Peñoles retained the rights to its primary base metals mines when Fresnillo was spun off). The largest mine, in terms of silver output, is

Mina Proaño Mina Proaño, an underground silver mine located in central Mexico, is one of the world's largest and most profitable silver mines. The mine is located just outside the city of Fresnillo, Zacatecas; and is also known as Mina Fresnillo and Fresnil ...

(also known as Fresnillo Mine), located near the city of

Fresnillo Fresnillo (/fres'nijo/), founded in 1554 by Francisco de Ibarra, is the second largest city in Zacatecas state, north central Mexico and the seat of Fresnillo municipality. As a rail and highway junction, Fresnillo is the center of a rich mining ...

in the state of

Zacatecas , image_map = Zacatecas in Mexico (location map scheme).svg , map_caption = State of Zacatecas within Mexico , coordinates = , coor_pinpoint = , coordinates_footnotes = , subdivision_type ...

; the other mines are at Cienega, in

Durango Durango (), officially named Estado Libre y Soberano de Durango ( en, Free and Sovereign State of Durango; Tepehuán: ''Korian''; Nahuatl: ''Tepēhuahcān''), is one of the 31 states which make up the 32 Federal Entities of Mexico, situated in ...

, and Herradura, in

Sonora Sonora (), officially Estado Libre y Soberano de Sonora ( en, Free and Sovereign State of Sonora), is one of the 31 states which, along with Mexico City, comprise the Administrative divisions of Mexico, Federal Entities of Mexico. The state is d ...

. In 2007, Fresnillo plc produced 34.3 million

ounces The ounce () is any of several different units of mass, weight or volume and is derived almost unchanged from the , an Ancient Roman unit of measurement. The avoirdupois ounce (exactly ) is avoirdupois pound; this is the United States customa ...

of silver and 279,614 ounces of gold from its three active mines, as well as around 20 tons each of

zinc Zinc is a chemical element with the symbol Zn and atomic number 30. Zinc is a slightly brittle metal at room temperature and has a shiny-greyish appearance when oxidation is removed. It is the first element in group 12 (IIB) of the periodi ...

and lead as by-products. The company also has 21 active exploration projects located across the country. It signalled plans to use the money raised in its IPO to expand into Peru and Chile.

Carbon footprint

Fresnillo reported Total CO2e emissions (Direct + Indirect) for 31 December 2020 at 842 Kt (-7 /-0.8% y-o-y).Alt URL
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References

External links

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Google Finance profile
{{DEFAULTSORT:Fresnillo Plc Non-renewable resource companies established in 2008 Companies based in Mexico City Silver mining companies of Mexico Gold mining companies of Mexico Companies listed on the London Stock Exchange 2008 establishments in Mexico