Conversion Rate for 2016 Final Dividend

RNS Number : 0683E

Fresnillo PLC

03 May 2017

 

                                                                                                                              Fresnillo Plc

                            21 Upper Brook Street

                            London W1K 7PY

                            United Kingdom

                            www.fresnilloplc.com

3 May 2017

Conversion Rate for Final Dividend

Further to the announcement of the results of Fresnillo plc ("the Company") for the year ended 31 December 2016 released on 28 February 2017, the directors of the Company have determined that the exchange rate to be applied to the final dividend is 1.2920 US$/GB£. The sterling equivalent of the final dividend of 21.5 US cents per share announced on 28 February 2017 will be 16.6409 pence per share.

The final dividend will be paid on 28 May 2017 to shareholders on the register on 26 April 2017.

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For further information, please visit our website:  www.fresnilloplc.com or contact:

Fresnillo plc

London Office                                                                       Tel:     [phone]

Mexico City Office                                                                 Tel:         [phone]

Bell Pottinger                                                                      Tel:      [phone]

About Fresnillo plc

Fresnillo plc is the world's largest primary silver producer and Mexico's second largest gold producer, listed on the London and Mexican Stock Exchanges under the symbol FRES.

Fresnillo plc has seven operating mines, all of them in Mexico - Fresnillo, Saucito, Ciénega (including the San Ramón satellite mine), Herradura, Soledad-Dipolos^1, Noche Buena and San Julián (phase 1), three development projects - San Julián (phase 2), the Pyrites plant, and second line of DLP at Herradura, and four advanced exploration projects - Orisyvo, Juanicipio, Las Casas Rosario & Cluster Cebollitas and Centauro Deep, as well as a number of other long term exploration prospects. In total, Fresnillo plc has mining concessions covering approximately 1.8 million hectares in Mexico.

Fresnillo plc has a strong and long tradition of mining, a proven track record of mine development, reserve replacement, and production costs in the lowest quartile of the cost curve for silver.

Fresnillo plc's goal is to maintain the Group's position as the world's largest primary silver company, producing 65 million ounces of silver per year by 2018, having already surpassed the gold target of 750,000 ounces.

¹ Operations at Soledad-Dipolos are currently suspended.

 

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