London-listed Fresnillo has successfully adapted to the “considerable challenges” resulting from labour reforms in Mexico, said chairperson Alejandro Baillères on Tuesday.
The reforms, which limit the use of subcontractors, required the precious metals miner to internalise, recruit and retain a substantial proportion of its work force.
In a copy of a speech set to be delivered at the firm’s annual general meeting, Baillères stated that Fresnillo also invested substantially into new equipment to address capacity constraints.