Conversion Rate for Special Dividend

RNS Number : 4096G

Fresnillo PLC

07 May 2014

 



                                                                                                         Fresnillo Plc

28 Grosvenor Street

London W1K 4QR

United Kingdom

www.fresnilloplc.com

7 May 2014

Conversion Rate for Special Dividend

Further to the preliminary announcement of results of Fresnillo plc ("the Company") for the year ended 31 December 2013 released on 4 March 2014, the directors of the Company have determined that the exchange rate to be applied to the special dividend is 1.6992 US$/GB£. The sterling equivalent of the special dividend of 6.8 US cents per share announced at the time of the preliminary announcement will be 4.0019 pence per share.

The special dividend will be paid on 22 May 2014 to shareholders on the register on 2 May 2014, subject to shareholder approval at the Company's Annual General Meeting on 16 May 2014.

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

Fresnillo plc

London Office                                                                     Tel: [phone]

Gabriela Mayor, Head of Investor Relations

Mexico City Office                                                                 Tel:       [phone]

Ana Belém Zárate

Brunswick                                                                           Tel: [phone]

Carole Cable

David Litterick

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 and Noche Buena; two development projects - Saucito II and San Julián and four advanced exploration prospects - Centauro Deep, Juanicipio, Orisyvo and Las Casas Rosario as well as a number of other long term exploration prospects. In total, Fresnillo plc has mining concessions covering approximately 2.1 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 both silver and gold.

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 500,000 ounces of gold by 2018.

 

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