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2 May 2012 10:24
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Fresnillo Plc
28 Grosvenor Street
London W1K 4QR
United Kingdom
www.fresnilloplc.com
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02 May 2012
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Conversion Rate for 2011 Final Dividend
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Further to the preliminary results announcement of the arrangements of the final dividend for 2011 released on 06 March 2012, the directors of Fresnillo plc ("the Company") have determined that the exchange rate to be applied to the 2011 final dividend is 1.6220 US$/GBΒ£. The sterling equivalent of the final dividend of 40.00 cents per ordinary share will be 24.6609 pence per ordinary share.
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The final dividend will be paid on 23 May 2012 to shareholders on the register on 27 April 2012, subject to shareholder approval at the Company's Annual General Meeting on 18 May 2012.
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- End-
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For further information, please visit our website: www.fresnilloplc.com or contact:
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Fresnillo plc
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London Office
Arturo Espinola, Head of Investor Relations
Tel: +44 (0) 20 7399 2470
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Mexico City Office
Gabriela Mayor
Tel: +52 55 52 79 3203
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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.
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Fresnillo has seven operating mines, all of them in Mexico - Fresnillo, Saucito, CiΓ©nega, San RamΓ³n, Herradura, Soledad-Dipolos and Noche Buena; one development project -a dynamic leaching plant to treat high grade gold ore from the Herradura and Soledad-Dipolos mine; and five advanced exploration prospects - San JuliΓ‘n, Centauro Deep, Juanicipio, Orysivo and Las Casas as well as a number of other long term exploration prospects. In total, has mining concessions covering approximately 2.1 million hectares in Mexico.
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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.
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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 500,000 ounces of gold by 2018.
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