Fresnillo Regulatory News (FRES)



Fresnillo Plc

21 Upper Brook Street

London W1K 7PY United Kingdom

www.fresnilloplc.com

October 2, 2020

Fresnillo Announces Closing of U.S.$850 million Senior Notes Offering

Fresnillo plc is pleased to announce the completion of an offering of U.S.$850 million aggregate principal amount of 4.250% Senior Notes due 2050 (the "Notes"). The Notes were offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act. Fresnillo intends to use the net proceeds from the issuance for funding the Tender Offer announced previously and for general corporate purposes.

This press release is not an offer of notes for sale in Mexico, the United States or the United Kingdom. The notes may not be offered or sold (i) in Mexico absent authorization by the CNBV in accordance with the Ley del Mercado de Valores (Mexican Securities Market Law) and all applicable regulations and the due registration of the notes in the National Registry of Securities maintained by the National Banking and Securities Commission of Mexico ("CNBV"); or (ii) in the United States absent registration under the Securities Act, as amended, or an exemption from registration therefrom. Any public offering of securities in Mexico, in the United States or in the United Kingdom must be made by means of a prospectus containing detailed information about the terms of the offering, the issuer and matters relating to its financial, administrative, and legal condition, as well as financial statements.

The information contained within this announcement is deemed by Fresnillo plc to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain. The person making the notification is Carlos Ortiz Mena, Head of Legal, Fresnillo plc. The time of the notification is 4:10 pm UK time.

For further information, please visit our website www.fresnilloplc.com or contact:

 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 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 Fresnillo plc's operations, financial position and liquidity, and the development of the markets and the industry in which Fresnillo plc operates, may differ materially from those described in, or suggested by, the forward-looking statements contained in this document.

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