RE: 59p Rise, why?14 Jun 2022 11:46
Agree JMAX - from fres website -
Development and stope ore from Juanicipio continued to be processed in the Fresnillo and Saucito flotation plants. On an attributable basis, Juanicipio produced 1,344 koz of silver and 3,269 oz of gold in 1Q22.
As previously disclosed, the construction of the Juanicipio plant was delivered on schedule during 4Q21. We remain focused on complying with the requirements from the state-owned electricity company and the energy regulator to complete the tie-in to the national power grid. We continue to expect this in mid-2022.
Once the required permits have been granted, we expect to ramp up operations to 85%-90% capacity by the end of the year.
Expect good numbers Q4