Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

16 april 2024

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

Fresnillo ramps up silver production, achieves FY guidance

24 january 2024

Fresnillo, a precious metals group based in Mexico and the world’s leading silver producer, has achieved 2023 financial year production guidance for gold, lead and zinc, although silver output was slightly below expectations.

Full 2023 attributable silver production increased 4.7% to 56.3 million ounces year-on-year as a result of the ramp-up at Juanicipio and higher ore grade at San Julián Veins, partly offset by the lower ore grade at San Julián (DOB) and Fresnillo. Full year attributable gold production was down 4% year-on-year and amounted to 610,600 ounces.

The company achieved its 2023 financial year production guidance of 105.1 million silver-equivalent ounces.

Fresnillo is navigating the impact of inflation and the revaluation of the Mexican peso affecting costs across the business.

“We will continue to identify cost reduction initiatives to address inflation, while we will also focus on efficiencies across all our mines,” said Fresnillo's CEO Octavio Alvidrez.

Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished