Fresnillo plc operates a portfolio of active underground and open-pit mines across Mexico, including the Fresnillo, Saucito, Ciénega, Herradura, and Juanicipio sites. The company's business model spans the entire mining lifecycle, from exploration and development to extraction and the production of concentrates and doré. While historically a subsidiary of Industrias Peñoles, Fresnillo was spun off in 2008 to provide investors with direct exposure to its high-grade silver and gold assets. Revenue is primarily derived from the sale of silver and gold, which together account for the vast majority of its top line, with silver typically representing around 40-50% of total sales depending on commodity prices. The company maintains a significant pipeline of exploration projects across Latin America to sustain its reserve base and long-term production capacity.
