2 Feb 2009 07:00
Fresnillo Plc
28 Grosvenor Street
London W1K 4QR
United Kingdom
www.fresnilloplc.com
2 February 2009
Fresnillo plc
("Fresnillo" or the "Company")
Directorate Change
Fresnillo plc, the world's largest primary silver producer and Mexico's second largest gold producer, today announces that on Friday 30 January after UK market close, Mr Héctor Rangel resigned from the Board as Independent Non-Executive Director. Mr Rangel has been appointed to the position of General Director of Nacional Financiera, a state owned development bank, and as such is precluded from holding board positions in public companies. Fresnillo plc plan to replace Mr.Rangel's position as an independent director as soon as practicable.
Alberto Bailleres, Chairman of Fresnillo plc said:
"Mr Rangel has been a valuable member of the Fresnillo plc Board and we are very grateful for the dedication and contribution that he has made. We wish Mr Rangel all the best for his new appointment."
For further information please visit www.fresnilloplc.com or contact:
Fresnillo plc
London Office
Octavio Alvidrez, Head of Investor Relations Tel: +44(0)20 7399 2470
Mexico City Office
Gabriela Mayor Tel: +52555 279 3203
JPMorgan Cazenove Tel: +44 (0)20 7588 2828
Andrew Wray
Brunswick Tel: +44(0)20 7404 5959
Patrick Handley
Carole Cable
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.
Fresnillo has three producing mines, all of them in Mexico - Fresnillo, Ciénega and Herradura; two advanced development projects - Fresnillo II, Soledad & Dipolos; and three exploration prospects - San Juan, San Julian, Orysivo, as well as a number of other long term exploration prospects and, in total, has mining concessions covering approximately 1.3 million hectares in Mexico.
Fresnillo has a strong and long tradition of mining, a proven track record of mining development and reserves replacement, and a low cost of production, being in the lowest quartile of the cost curve for both silver and gold.
Fresnillo intends to maintain its position as the world's largest primary silver producer with the aim of approximately doubling production, on a silver equivalent ounce basis, within the next ten years and increasing its gold production.
Fresnillo (FRES)