21 Dec 2011 07:00
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Fresnillo Plc
28 Grosvenor Street
London W1K 4QR
United Kingdom
www.fresnilloplc.com
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21 December 2011
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Conversion Rate for Second Interim Dividend
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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 GBΒ£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.
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The dividend will be paid on 30 December 2011 to shareholders on the register on 16 December 2011.
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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 five producing mines, all of them in Mexico - Fresnillo, CiΓ©nega, Herradura, Soledad-Dipolos and Saucito; two development projects -Noche Buena (new gold mine) and San RamΓ³n (a satellite for the CiΓ©nega gold 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 and, 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 400,000 ounces of gold by 2018.
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