Fresnillo remains on track to achieve 44mn ozs. silver this year

The mining complex has an annual gold production of 260,000 ounces.

Organizations representing firms including Glencore and a unit of Anglo American are negotiating the terms of the pacts with Transnet.

In 2023, silver mines produced 830.5 million ounces of silver. That total is projected to decline by about 1 percent to 823.5 million ounces in 2024.

World’s biggest gold miner aims to build multi decade presence in Canadian province anchored by “sustainable and responsible mining practices”.