Minera Penmont ( Fresnillo PLC ) mining and Mine Noche Buena ( between 2010 and 2011 ), to address operations between 2010-2012 .
These openings increased production exponentially , almost doubling their output from 260 thousand ounces in 2009 to 490 in 2012 .
After the Tax Reform came into effect in early 2014 , various industrial sectors experienced a production drop in operations due to increased fees on mining concessions , the rise of taxes for investment in mining mandatory funds ( outside of unifications ) and for royalty investments by the company . In addition , they suffered an accentuation of 7.5 percent of production tax , with an added 0.5 percent for gold and silver producers , among others .
“ This will affect several mining units due to a decrease in profit margin , it may even close some projects ,” says Arredondo .
Progressive Projects Through a system of continuous improvement in Minera Penmont , they have upgraded the duration of processes , among which are :
1 . The opening of the Dynamic Leaching plant .
Investing through the metal price cycles , delivering growth through development projects and maximizing the potential of existing operations , will continue to be a hallmark of our strategy .
“ As a company we are among the top three producers in Mexico , but as a mining unit we are number one nationwide ”
– Jose Arturo Arredondo , CEO of Minera Penmont www . fresnilloplc . com 125