Conversion Rate for Extraordinary Dividend

RNS Number : 0855S

Fresnillo PLC

04 November 2013

 

                                                                                                         Fresnillo Plc

28 Grosvenor Street

London W1K 4QR

United Kingdom

www.fresnilloplc.com

4 November 2013

Conversion Rate for Extraordinary Dividend

Further to the announcement about the extraordinary dividend which was released on 24 October 2013, the directors of Fresnillo plc ("the Company") have determined that the exchange rate to be applied to the extraordinary dividend is 1.5922 US$/GB£. The sterling equivalent of the extraordinary dividend of 22.39 US cents per share will be 14.0623 pence per share.

The interim dividend will be paid on 11 November 2013 to shareholders on the register on 1 November 2013.

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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 Belem Zárate García

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 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 and Noche Buena; three development projects - a dynamic leaching plant to treat high grade gold ore from the Herradura and Soledad mines; San Julián and Saucito II 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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