Fresnillo plc is a Mexican

precious metal Precious metals are rare, naturally occurring metallic chemical elements of high Value (economics), economic value. Precious metals, particularly the noble metals, are more corrosion resistant and less reactivity (chemistry), chemically reac ...

s mining company incorporated in the United Kingdom and headquartered in

Mexico City Mexico City is the capital city, capital and List of cities in Mexico, largest city of Mexico, as well as the List of North American cities by population, most populous city in North America. It is one of the most important cultural and finan ...

. 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 including metals, concentrated above background levels, and that is economically viable to mine and process. The grade of ore refers to the concentration ...

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

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

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 the United Kingdom's best-known stock market index of the 100 most highly capitalised blue chips listed on ...

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 Fres ...

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

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

in the state of

Zacatecas Zacatecas, officially the Free and Sovereign State of Zacatecas, is one of the Political divisions of Mexico, 31 states of Mexico. It is divided into Municipalities of Zacatecas, 58 municipalities and its capital city is Zacatecas City, Zacatec ...

; the other mines are at Cienega, in

Durango Durango, officially the Free and Sovereign State of Durango, is one of the 31 states which make up the Political divisions of Mexico, 32 Federal Entities of Mexico, situated in the northwest portion of the country. With a population of 1,832,650 ...

, and Herradura, in

Sonora Sonora (), officially Estado Libre y Soberano de 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 divided into Municipalities of Sonora, 72 ...

. In 2007, Fresnillo plc produced 34.3 million ounces 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; it has symbol Zn and atomic number 30. It 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 periodic tabl ...

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
/ref>

References

External links

*
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 Companies in the FTSE 100 Index