21 Dec 2011 07:00

Fresnillo Plc
28 Grosvenor Street
London W1K 4QR
United Kingdom
www.fresnilloplc.com
Â
21 December 2011
Â
Conversion Rate for Second Interim Dividend
Â
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.
Â
The dividend will be paid on 30 December 2011 to shareholders on the register on 16 December 2011.
Â
- End-
Â
For further information, please visit our website: www.fresnilloplc.com or contact:
Â
Fresnillo plc
Â
London Office
Arturo Espinola, Head of Investor Relations
Tel: +44 (0) 20 7399 2470
Â
Mexico City Office
Gabriela Mayor
Tel: +52 55 52 79 3203
Â
Â
Â
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.
Â
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.
Â
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.
Â
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.