Directorate Change

RNS Number : 6005M

Fresnillo PLC

02 February 2009

 



                                                                                                                                     Fresnillo Plc

                                                                                                                                     28 Grosvenor Street

                                                                                                                                     London W1K 4QR

                                                                                                                                     United Kingdom

                                                                                                    www.fresnilloplc.com

2 February 2009

Fresnillo plc 

('Fresnillo' or the 'Company')

Directorate Change

Fresnillo plc, the world's largest primary silver producer and Mexico's second largest gold producer, today announces that on Friday 30 January after UK market close, Mr Héctor Rangel resigned from the Board as Independent Non-Executive Director. Mr Rangel has been appointed to the position of General Director of Nacional Financiera, a state owned development bank, and as such is precluded from holding board positions in public companies.  Fresnillo plc plan to replace Mr.Rangel's position as an independent director as soon as practicable.

Alberto Bailleres, Chairman of Fresnillo plc said:

'Mr Rangel has been a valuable member of the Fresnillo plc Board and we are very grateful for the dedication and contribution that he has made. We wish Mr Rangel all the best for his new appointment.'

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

Fresnillo plc

London Office

Octavio Alvidrez, Head of Investor Relations                             Tel: [phone]

Mexico City Office

Gabriela Mayor                                                                             Tel: [phone]

JPMorgan Cazenove                                                                 Tel: [phone]

Andrew Wray

Brunswick                                                                                    Tel: [phone]

Patrick Handley

Carole Cable

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 has three producing mines, all of them in Mexico - Fresnillo, Ciénega and Herradura; two advanced development projects - Fresnillo II, Soledad & Dipolos; and three exploration prospects - San Juan, San Julian, Orysivo, as well as a number of other long term exploration prospects and, in total, has mining concessions covering approximately 1.3 million hectares in Mexico.

Fresnillo has a strong and long tradition of mining, a proven track record of mining development and reserves replacement, and a low cost of production, being in the lowest quartile of the cost curve for both silver and gold.

Fresnillo intends to maintain its position as the world's largest primary silver producer with the aim of approximately doubling production, on a silver equivalent ounce basis, within the next ten years and increasing its gold production.

 

END

 

 

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