Fresnillo Holds Guidance as Silver Drops 8.5%

Fresnillo plc kept its FY2026 guidance unchanged despite a Q1 silver output decline.
Q1 2026 silver production fell 8.5% to 11.1 million ounces due to lower ore grades and reduced volumes at Saucito, Fresnillo and Juanicipio mines.
Year‑to‑date production remains in line with expectations and the miner is closely monitoring costs amid global instability.