Conversion Rate for Interim Dividend

RNS Number : 9554M

Fresnillo PLC

24 August 2011

 



                                                                                                         Fresnillo Plc

28 Grosvenor Street

London W1K 4QR

United Kingdom

www.fresnilloplc.com

24 August 2011

Conversion Rate for Interim Dividend

Further to the interim announcement of half year results released on 02 August 2011, the directors of Fresnillo plc ("the Company") have determined that the exchange rate to be applied to the 2011 interim dividend is 1.6494 US$/GB£. The sterling equivalent of the dividend of 21.00 cents per share announced at the time of the interim announcement will be 12.7319 pence per share.

The interim dividend will be paid on 13 September 2011 to shareholders on the register on 19 August 2011.

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

Fresnillo plc

London Office                                                                        Tel: [phone]

Arturo Espinola, Head of Investor Relations

Mexico City Office

Gabriela Mayor                                                                      Tel: [phone]

JPMorgan Cazenove                                                         Tel: [phone]

Ian Hannam

Ben Davies

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 has five producing mines, all of them in Mexico - Fresnillo, Ciénega, Herradura Soledad-Dipolos and Saucito; three development projects -Noche Buena, Saucito II and San Ramón; and five advanced exploration prospects - San Julián, Orysivo, Juanicipio, Centauro Deep and Las Casas, as well as a number of other long term exploration prospects and, in total, has mining concessions covering approximately 2.1 million hectares in Mexico.

Fresnillo 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's goal is to maintain the Group's position as the world's largest primary silver company, producing 65 million ounces of silver and over 400,000 ounces of gold by 2018.

 

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