Conference Presentation

RNS Number : 7049X

Fresnillo PLC

10 May 2016

 

                                                                                                        Fresnillo plc

21 Upper Brook Street

London W1K 7PY

United Kingdom

www.fresnilloplc.com

10 May 2016

Fresnillo plc - BofAML 2016 Conference Presentation

Octavio Alvídrez, CEO of Fresnillo plc, will tomorrow be making a presentation at the Bank of America Merrill Lynch 2016 Global Metals, Mining & Steel Conference in Miami.

The presentation is available at www.fresnilloplc.com. 

Highlights will include:

·     Turnaround at Fresnillo: low double-digit percentage increase in silver production expected in 2016 (vs. 2015)

·     Board approval obtained for resumption of Pyrites project given improved market conditions; orders to be placed and construction to commence

·     Board approval obtained for Centauro Extension project, encompassing second line of Dynamic Leaching Plant at Herradura. Expected project capex of US$110 million to produce an additional 36 thousand ounces of gold (annual average) with commissioning expected in 2018

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

Fresnillo plc            London Office                                   Gabriela Mayor, Head of Investor Relations Floriana Michalowska	Tel: [phone]
Mexico City Office Ana Belem Zárate	Tel: [phone]
Bell Pottinger Daniel Thöle Aarti Iyer	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 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 and 750,000 ounces of gold by 2018.

¹ Operations at Soledad-Dipolos are currently suspended.

 

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