• Joint Venture Operator

The operator of the Juanicipio project is Fresnillo plc. Below we have provided highlights from the annual reports and websites from Juanicipio’s operator. In addition, we have provided links to their website where the reports and further information can be accessed. 

Juanicipio Operator: Fresnillo Plc

Asset: Juanicipio

Country: 

Mexico

 

Select External Commitments & Memberships

 

Signatory of United Nations Global Compact

 

Stoxx ESG Sustainability Index

Euronext-Vigeo EM 70

FTSE4Good Index

 

ISO 14001 Framework for Environmental Management System

 

 

 

 

 

 

 

Fresnillo Annual Report 2019

 

Website 

Environmental:

 

Fresnillo has taken actions to minimize the project’s impact to the environment:

 

  • Relocated 21,596 plants of the plant families cactaceae and rosetophile (cactus and desert scrub) from 5 hectares of land. 
  • Reforested 14.3 hectares with 6,787 nursery plants. 
  • Captured and released 30 reptiles and mammals.
  • Carried out soil conservation works, such as ditches and barriers, on 30.7 hectares of land. 
  • Developed a water stewardship program to reduce water footprint through closed-circuit processes. 
  • Wastewater from the municipality of Fresnillo will be used to reduce the consumption of fresh water. 
  • Plans to work towards decarbonization of the power supply.
  • Tailing storage facilities will be designed following international best practice. 

 

Before developing any mining project, Fresnillo conducts Environmental Impact Assessments (EIAs), which identify potential impacts and the actions required to manage them. EIAs address many issues, such as surface and groundwater resources, water quality, air quality, soils, biodiversity (including threatened or endangered species), landscape and socio-economic conditions. The insights gained from EIAs form the foundation for Environmental Management Plans and systems such as ISO 14:001.

 

Social

 

The Juanicipio project is in the Fresnillo District of Mexico where the operator, Fresnillo, already has community relations programs at their Saucito and Fresnillo mines. Community relations are well-established and will further benefit from the contribution that this additional facility will make to the local economy.

 

The Juanicipio development is expected to create approximately 2,750 jobs during construction and 1,720 jobs once at full production. Accommodation will be built off site for the workforce.

 

Governance

 

  • Current female representation on the Fresnillo Board is 33%
  • Anti-Bribery and anti-corruption controls and training for people and contractors 
  • Fresnillo’s operations are certified in accordance with Environmental Management System ISO 14001
  • Fresnillo’s goal is to instill a safety culture focused on ‘caring for our people’ based on shared values across the Fresnillo organization, driven by senior management and focused on high potential incidents.

This information is based on the public disclosure of the Third-Party Operator and has not been independently verified by MAG Silver. For full details on Third-Party Operators, including the risks associated with their operations, please refer to Third-Party Operator public disclosure documents. Please note this page was updated June 10, 2020.

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Fresnillo Annual Report 2019

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