Conversion Rate for Second Interim Dividend

RNS Number : 3811U

Fresnillo PLC

21 December 2011

 



                                                                                                         Fresnillo Plc

28 Grosvenor Street

London W1K 4QR

United Kingdom

www.fresnilloplc.com

21 December 2011

Conversion Rate for Second Interim Dividend

Further to the announcement of the second interim dividend on 6 December 2011, the directors of Fresnillo plc ("the Company") have determined that the exchange rate to be applied to the dividend is GB£1: US$1.5696. The sterling equivalent of the second interim dividend of 41.85 cents per ordinary share will therefore be 26.6628 pence per ordinary share.

The dividend will be paid on 30 December 2011 to shareholders on the register on 16 December 2011.

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

Fresnillo plc           

London Office                                                                                  

Arturo Espinola, Head of Investor Relations

Tel: [phone]

Mexico City Office

Gabriela Mayor                                                                   

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 Stock Exchange under the symbol FRES. 

Fresnillo has five producing mines, all of them in Mexico - Fresnillo, Ciénega, Herradura, Soledad-Dipolos and Saucito; two development projects -Noche Buena (new gold mine) and San Ramón (a satellite for the Ciénega gold mine); and five advanced exploration prospects - San Julián, Centauro Deep, Juanicipio, Orysivo 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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