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Fresnillo plc is a Mexican-based precious metals mining company predominantly active in the extraction of silver and gold. The company focuses on its core operations located primarily in the state of Zacatecas, Mexico, where it manages several mines, including Fresnillo, Saucito, and Juanicipio. Founded in 2008 and headquartered in Mexico City, Fresnillo is part of the industrial metals and mining sector. It has a strategic position as one of the largest primary silver producers globally, with an emphasis on cost-effective extraction and extensive resource bases. Fresnillo's geographic presence in mining-friendly jurisdictions and its experience in large-scale operations underpin its competitive strengths.

BHP Group Limited is a global resources company primarily involved in the exploration, production, and processing of minerals. The company operates in the natural resources industry, with significant activities in iron ore, metallurgical coal, and copper mining. BHP's operations are geographically diverse, with major assets located in Australia, North America, and South America. Its headquarters are situated in Melbourne, Australia. The company has a strategic focus on sustainable mining practices and technological innovation to enhance productivity and environmental stewardship. BHP's competitive strengths include its scale of operations, diversified asset portfolio, and strong supply chain network.