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UK precious metals mining company based in Mexico
Fresnillo plc
is a Mexican
precious metals
mining company incorporated in the United Kingdom and headquartered in
Mexico City
. Fresnillo is the world's largest producer of silver from
ore
(primary silver) and Mexico's second-largest gold miner.
[2]
It is listed on the
London Stock Exchange
and is a constituent of the
FTSE 100 Index
.
History
[
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]
Formerly a wholly owned operating division of
Industrias Penoles
, a minority stake in the company was
spun off
on the
London Stock Exchange
in a May 2008
IPO
, with a secondary listing on the Mexican Stock Exchange on the same day.
[3]
On 15 August 2012, Octavio Alvidrez took over as chief executive from Jaime Lomelin, following a handover period.
[4]
Operations
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The company operates three gold and silver mines in Mexico (Industrias Penoles retained the rights to its primary base metals mines when Fresnillo was spun off).
[5]
The largest mine, in terms of silver output, is
Mina Proano
(also known as Fresnillo Mine), located near the city of
Fresnillo
in the state of
Zacatecas
; the other mines are at Cienega, in
Durango
, and Herradura, in
Sonora
. 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
and lead as by-products.
[5]
The company also has 21 active exploration projects located across the country.
[5]
It signalled plans to use the money raised in its IPO to expand into Peru and Chile.
[6]
Fresnillo reported Total
CO2e emissions
(Direct + Indirect) for 31 December 2020 at 842 Kt (-7 /-0.8% y-o-y).
[7]
Fresnillo's Total
CO2e emissions
(Direct + Indirect) (in kilotonnes)
Dec 2018
|
Dec 2019
|
Dec 2020
|
809
[8]
|
848
[9]
|
842
[7]
|
References
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External links
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