Conversion rate for 2016 Interim Dividend

RNS Number : 2807H

Fresnillo PLC

16 August 2016

 

                                                                                                         Fresnillo Plc

21 Upper Brook Street

London W1K 7PY

United Kingdom

www.fresnilloplc.com

16 August 2016

Conversion Rate for 2016 Interim Dividend

Further to the announcement of the results of Fresnillo plc ("the Company") for the six-months ended 30 June 2016 released on 2 August 2016, the directors of the Company have determined that the exchange rate to be applied to the interim dividend is 1.2875 US$/GB£. The sterling equivalent of the interim dividend of 8.60 US cents per share announced on 2 August 2016 will be 6.6796 pence per share.

The interim dividend will be paid on 9 September 2016 to shareholders on the register on 12 August 2016.

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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 one of Mexico's largest gold producers, listed on the London and Mexican Stock Exchanges under the symbol FRES.

Fresnillo plc has six operating mines, all of them in Mexico - Fresnillo, Saucito, Ciénega (including the San Ramón satellite mine), Herradura, Soledad-Dipolos1 and Noche Buena, two development projects - San Julián and the Pyrites plant, and four advanced exploration prospects - 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 2 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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