Fresnillo cuts gold output target, silver on track


LONDON: Mexican miner Fresnillo, the world's largest primary silver producer, said it would miss its 2013 gold production target following a legal challenge at one mine, but forecast silver output to be in line with earlier estimation.

The company on Wednesday downgraded its forecast for gold production for 2013 to 465,000 ounces from 490,000 ounces, after a court stopped work at the Dipolos mine, where part of the project must now be relocated.

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commodities , gold , silver

   

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