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Pin to quick picksFresnillo Regulatory News (FRES)

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Market Cap: £21.16b
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Conversion Rate for Second Interim Dividend

21 Dec 2011 07:00

RNS Number : 3811U
Fresnillo PLC
21 December 2011
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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.

This information is provided by RNS
The company news service from the London Stock Exchange
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