This resulted in a gross revenue and EBITDA of $606.8 million and $747 million, up 88.9% and 59.0%, respectively. Revenue for the interval got here to $308.4 million, representing a 445.8% bounce over final 12 months.
Attributable silver manufacturing for the half was 27.5 million ounces (together with Silverstream), up 2.7% over H1 2020, whereas attributable gold manufacturing of 428,400 ounces was 12.3% higher than the comparable interval.
“The mix of improved manufacturing efficiency and better valuable metals costs has seen a pointy improve in profitability throughout the interval. This in flip, has enabled us to declare a dividend of $73 million to shareholders, whereas persevering with to put money into each our improvement and exploration initiatives,” CEO Octavio Alvídrez commented in a information launch.
He additionally talked about that the Juanicipio mine stays on monitor, with commissioning of the processing plant anticipated by the top of the 12 months. The corporate can also be making sturdy progress with intensified exploration actions to transform sources into reserves.
Wanting ahead, Fresnillo expects to fulfill its full 12 months steering of 53.5 to 59.5 million ounces of silver (together with Silverstream) and 675,000 to 725,000 ounces of gold.
The corporate, which has seven working mines and three improvement initiatives, is the world’s largest producer of silver from ore and Mexico’s largest gold producer.