Fresnillo’s (FNLPF) Q2 2023 Earnings Call Transcript

Fresnillo’s (FNLPF) Q2 2023 Earnings Call Transcript

Fresnillo plc (OTCPK:FNLPF) Q2 2023 Earnings Convention Name August 1, 2023 4:00 AM ET

Firm Individuals

Octavio Alvidrez – CEO

Mario Arreguin – CFO

Tomas Iturriaga – COO

Convention Name Individuals

Daniel Main – UBS

Jason Fairclough – Financial institution of America

Danielle Chigumira – Credit score Suisse

Sandeep Peety – Morgan Stanley

Patrick Jones – JPMorgan

Amos Fletcher – Barclays

Krishan Agarwal – Citibank


Good morning, everybody. Thanks for becoming a member of us right now for our 2023 Interim Report, Fresnillo PLC. I am Octavio Alvidrez, CEO of the Firm. And I am happy to be joined this morning by Mario Arreguin, our CFO, and Tomas Iturriaga, our Chief Working Officer. As all the time, I have to level to the disclaimer earlier than I start. However I’ll shortly transfer to the agenda we’ll cowl this morning.

By way of our agenda, I’ll take you thru the important thing operational and monetary highlights and tackle a few of our key latest HSECR initiatives in addition to make some remarks on our exploration actions. Tomas will then cowl some particulars of the operations. And Mario will present our monetary replace. I’ll then conclude with some feedback on the outlook earlier than we tackle our questions — along with your questions.

You can be acquainted with our funding proposition. It stays constant and compelling, however a few of the latest challenges that we now have in Mexico and within the mining trade. We’re the biggest producer of silver worldwide and Mexico’s primary gold miner. We profit from the high-quality mining in our property backed by our massive useful resource base, 2.2 billion ounces of silver and practically 40 million ounces of gold.

Now we have a powerful EBITDA margins and low value and stay very targeted on working our operations effectively.

We take a disciplined strategy to funding by way of the

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