Conversion Rate for Interim Dividend

RNS Number : 3553W

Fresnillo PLC

18 August 2015

 

                                                                                                         Fresnillo Plc

28 Grosvenor Street

London W1K 4QR

United Kingdom

www.fresnilloplc.com

18 August 2015

Conversion Rate for 2015 Interim Dividend

Further to the announcement of the results of Fresnillo plc ("the Company") for the six-months ended 30 June 2015 released on 4 August 2015, the directors of the Company have determined that the exchange rate to be applied to the interim dividend is 1.5599 US$/GB£. The sterling equivalent of the interim dividend of 2.1 US cents per share announced on 4 August 2015 will be 1.3462 pence per share.

The interim dividend will be paid on 10 September 2015 to shareholders on the register on 14 August 2015.

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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 Stock Exchange 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 and 750,000 ounces of gold by 2018.

 ¹ Operations at Soledad-Dipolos are currently suspended.

 

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