21 Upper Brook Street
London W1K 7PY
23 November 2020
Fresnillo plc - Death of a Director
Fresnillo plc (or "the Company") regrets to announce the death of Mr Luis Robles, independent non-executive director of the Company, after a short illness. The Board extends its deepest condolences and sympathies to Mr Robles' family and would like to take this opportunity to express its thanks for his significant contribution to the Company.
Mr Luis Robles joined the Board of Fresnillo in May 2019, after a hugely distinguished career in the banking and financial sectors during which time he served on various national and international associations, including Chairman of the Latin American Banking Federation from 2010 to 2012 and various roles in the Mexican Banking Association culminating in him being Chairman from 2014 to 2017. Mr Robles also served as the Chairman of Board of Directors of BBVA Bancomer from 2012 until his retirement in September 2018.
Fresnillo plc Chairman Alberto Baillères said:
"We are all deeply saddened by this tragic news. In his short time with Fresnillo, Luis made a huge contribution to the Board. Luis was an outstanding colleague. We will miss his wise counsel, his vast experience, but above all his kindness and friendship. On behalf of the Board, and everyone at Fresnillo, I would like to extend my deepest sympathies to his family, friends and colleagues. Luis, te extrañaremos."
A new independent non-executive director will be appointed to the Fresnillo Board in due course.
For further information, please visit our website www.fresnilloplc.com or contact:
Gabriela Mayor, Head of Investor Relations
Tel: +44 (0)20 7399 2470
Mexico City Office
Ana Belem Zárate
Tel: +52 55 52 79 3206
Tel: +44 (0)7793 858 211
ABOUT FRESNILLO PLC
Fresnillo plc is the world's largest primary silver producer and Mexico's largest gold producer, listed on the London and Mexican Stock Exchanges under the symbol FRES.
Fresnillo plc has seven operating mines, all of them in Mexico - Fresnillo, Saucito, Ciénega (including the San Ramón satellite mine, Las Casas Rosario & Cluster Cebollitas), Herradura, Soledad-Dipolos1, Noche Buena and San Julián (Veins and Disseminated Ore Body), three development projects - the Pyrites Plant at Fresnillo, the optimisation of the beneficiation plant also at Fresnillo and Juanicipio, and four advanced exploration projects - Orisyvo, Rodeo, Guanajuato and Pilarica, as well as a number of other long term exploration prospects.
Fresnillo plc has mining concessions and exploration projects in Mexico, Peru and Chile.
Fresnillo plc has a strong and long tradition of exploring, 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 and Mexico's largest gold producer.
1 Operations at Soledad-Dipolos are currently suspended.
FORWARD LOOKING STATEMENTS
Information contained in this announcement may include 'forward-looking statements'. All statements other than statements of historical facts included herein, including, without limitation, those regarding the Fresnillo Group's intentions, beliefs or current expectations concerning, amongst other things, the Fresnillo Group's results of operations, financial position, liquidity, prospects, growth, strategies and the silver and gold industries are forward-looking statements. Such forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Forward-looking statements are not guarantees of future performance and the actual results of the Fresnillo Group's operations, financial position and liquidity, and the development of the markets and the industry in which the Fresnillo Group operates, may differ materially from those described in, or suggested by, the forward-looking statements contained in this document. In addition, even if the results of operations, financial position and liquidity, and the development of the markets and the industry in which the Fresnillo Group operates are consistent with the forward-looking statements contained in this document, those results or developments may not be indicative of results or developments in subsequent periods. A number of factors could cause results and developments to differ materially from those expressed or implied by the forward-looking statements including, without limitation, general economic and business conditions, industry trends, competition, commodity prices, changes in regulation, currency fluctuations (including the US dollar and Mexican Peso exchanges rates), the Fresnillo Group's ability to recover its reserves or develop new reserves, including its ability to convert its resources into reserves and its mineral potential into resources or reserves, changes in its business strategy and political and economic uncertainty.