Mining Intelligence and News
Mexico

Saucito Mine

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Saucito Mine

Location: 7 km SW from Fresnillo, Zacatecas, Mexico

Regional Office:

Torreón Centro Colonia
Torreón
Coahuila, Mexico
27000

Contacts:

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Categories

Summary

Mine TypeUnderground
StatusActive
Commodities
  • Silver
  • Gold
  • Lead
  • Zinc
  • Pyrite
Mining Method
  • Bench & Fill
  • Cut & Fill
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Mine Life... Lock
SnapshotSilver and gold production at the Saucito mine is increasing year on year due to a higher ore grade and an increase in volume of ore processed, driven by the improved safety performance, increased productivity and availability of equipment, enabling stricter adherence to the mine plan.

The project to deepen the Jarillas shaft from 630 metres to 1,000 metres remains on track to be completed by 2027. Construction of the supporting infrastructure and activities to place equipment on site continued during the year.

Owners

SourceSource
CompanyInterestOwnership
Industrias Peñoles SAB de CV 74.99 % Indirect
Minera Saucito S.A. de C.V. (operator) 100 % Direct
Saucito mine is owned and operated by Minera Saucito S.A. de C.V., a wholly-owned subsidiary of Fresnillo plc.

Fresnillo plc is 75% owned subsidiary of Industrias Peñoles SAB de CV.

Fresnillo plc is listed independently on the London Stock Exchange (LSE) and the Mexican Stock Exchange (BMV), and has its own management team, administrative structure, and governing bodies.

SourceSource

Deposit type

  • Epithermal
  • Vein / narrow vein

Summary:

The Saucito project comprises a system of epithermal veins containing silver, gold, lead and zinc. The veins are polymetallic, containing gold, silver, lead, zinc and copper mineralization in sulfides.

Reserves

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Mining Methods

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Heavy Mobile Equipment

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Comminution

Crushers and Mills

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Processing

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Commodity Production

The Pyrites plant at Saucito produced 1.9 moz of silver and 3.2 koz of gold in 2024. This was higher year-on-year due to the first full year of contribution of the Pyrites plant at Fresnillo following connection to the national electricity grid in 2Q23.
CommodityProductUnits2024202320222021202020192018201720162015
Silver Metal in concentrate oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe17,159,62719,780,72121,215,07221,946,05921,983,852
Gold Metal in concentrate oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe79,53986,09269,94886,19884,884
Lead Metal in concentrate t  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe20,76422,66217,71420,93520,740
Lead Concentrate kt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe5764536169
Zinc Metal in concentrate t  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe29,36529,50620,34823,49821,023
Zinc Concentrate kt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe6261425043
Pyrite Concentrate kt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe0.080.09

Operational metrics

Metrics2024202320222021202020192018201720162015
Daily milling rate  ....  Subscribe  ....  Subscribe  ....  Subscribe
Daily milling capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe7,800 t7,800 t7,800 t7,800 t6,600 t
Annual milling capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe2,600,000 t2,600,000 t2,600,000 t2,600,000 t2,200,000 t
Tonnes processed  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe2,752,638 t2,792,057 t2,753,876 t2,635,093 t2,339,096 t

Production Costs

CommodityUnits20242023202220212020201920182017
Cash costs (sold) Silver Equivalent USD  ....  Subscribe
Cash costs (sold) Silver USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 2.3 / oz **   1 / oz **   1.5 / oz **  
All-in sustaining costs (sold) Silver Equivalent USD  ....  Subscribe
All-in sustaining costs (sold) Silver USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 11 / oz **   8.64 / oz **   7.09 / oz **  
** Net of By-Product.

Operating Costs

Currency202420232022202120202019201820172016
Total operating costs ($/t milled) USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe

Mine Financials

Units20242023202220212020201920182017
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 126.4   148.4   133.7  
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 493.4   492   504.2  
Gross profit M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 238.1   274.5   315.2  
EBITDA M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Apr 28, 2025
....................... Subscription required ....................... Subscription required Subscription required Apr 28, 2025
....................... Subscription required ....................... Subscription required Subscription required Aug 12, 2025
....................... Subscription required ....................... Subscription required Subscription required Apr 28, 2025
....................... Subscription required ....................... Subscription required Subscription required Aug 12, 2025

Workforce

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2023
...... Subscription required ...... Subscription required ...... Subscription required 2022
...... Subscription required ...... Subscription required ...... Subscription required 2021
...... Subscription required ...... Subscription required ...... Subscription required 2020
...... Subscription required ...... Subscription required ...... Subscription required 2019
...... Subscription required ...... Subscription required ...... Subscription required 2018
...... Subscription required ...... Subscription required ...... Subscription required 2017
...... Subscription required ...... Subscription required ...... Subscription required 2016
...... Subscription required ...... Subscription required ...... Subscription required 2015

Aerial view:

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