StockMarketWire.com - Mining company Fresnillo narrowed its full-year guidance for production in 2019 to the bottom end of its previous range, and touted improved silver but lowered gold output over the next three years.

Fresnillo narrowed its 2019 outlook to 885,000 ounces of gold and about 55m ounces (oz) of silver, give or take 1%, but both forecasts remained within stated guidance, the company said.

Looking ahead, the company expected to produce about 54m oz of silver and about 857,000 oz of gold in 2020; 66m oz of silver and about 785,000 oz of gold in 2021, about 71m oz of silver and 665,000 oz of gold, give or take 5%.

The increase in silver production was expected to be driven by operation improvements at the Fresnillo mine, the Pyrites plant, Juanicipio and San Julian, the company said.

The decrease in gold production was expected to be driven by the planned Noche Buena closure and lower production from Herradura, it added.

At 8:30am: [LON:FRES] Fresnillo PLC share price was -13.8p at 563.8p



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