Fresnillo plc kept its full‑year guidance unchanged despite Q1 2026 silver production dropping to 11.1 million ounces compared to the previous quarter.
Silver output fell 8.5% YoY due to lower ore grades and reduced processed volumes at Saucito, Fresnillo and Juanicipio mines.
The company said year‑to‑date production remains on target and it continues to monitor costs amid global instability in the current environment.