Silver production at the world’s largest producer fell significantly in the first quarter of the year. Fresnillo PLC reported a decrease in silver production in Q1 2019 versus the same period last year, due to lower ore grades and reduced volumes of processed ore at its Fresnillo Mine.

Furthermore, while silver production fell the most at its Fresnillo Mine, the company also experienced declines at its Saucito and San Julian Mines. Total silver production at Fresnillo PLC dropped by 15% in the first quarter compared to the same quarter in 2018.

Total silver mine supply at the company fell to 13.1 million oz (Moz) in Q1 2019 versus 15.4 Moz in Q1 2018. According to the press release, the majority of the decline was due to expected lower ore grades and throughput at its main flagship mine, Fresnillo Mine. The Fresnillo Mine’s silver production fell 1.4 Moz (-31%), while the San Julian dropped 615,000 oz (-17%), followed by loss of 500,000 oz (-10%) at the Saucito Mine.

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