Denver Gold Group > Member Company Profile > Fresnillo plc

Address

Av. Moliere No. 222, Col. Polanco
Mexico , DF 11540
Mexico

Value Drivers

• 1. Core operations strengthened by addition of Saucito
• 2. Record silver and gold production, on track to achieve full year production targets of 44moz of silver and 400,000oz of gold
• 3. Construction of Noche Buena on track to start-up in H1 12

Management

Chairman:	Alberto Bailléres
CEO/President/MD:	Jaime Lomelín
CFO:	Mario Arreguin
COO:	Manuel Luevanos

IR Contact

Arturo Espinola
+52 (55) 5279 3000
Arturo_Espinola@fresnilloplc.com
www.fresnilloplc.com

Cautionary Information

© Copyright 2012, Denver Gold Group & Fresnillo plc.

Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use. Certain information contained in this profile, including any information as to strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "believe", "expect", "will", "anticipate", "contemplate", "target", "plan", "continue", "budget", "may", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of the Company to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to: the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; changes in the worldwide price of commodities and energy inputs; fluctuations in currency markets; changes in global and national interest rates; risks arising from holding derivative instruments; the ability of the Company to complete or successfully integrate an announced acquisition proposal; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; employee relations; availability and costs associated with mining inputs and the construction of capital projects; the speculative nature of exploration and development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves; changes in costs and estimates associated with the Company’s projects; adverse changes in the Company's credit rating, level of indebtedness and liquidity, contests over title to properties, particularly title to undeveloped properties; the risks involved in the exploration, development and mining business, including, without limitation, environmental hazards. Certain of these factors are discussed in greater detail in the Company's most recent regulatory filings with various national securities and other authorities. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

Fresnillo plc

London Stock Exchange : FRES

Last Updated: September 16, 2011

Status:	Producer
Primary Mineral:	Silver
Secondary Mineral:	Gold
Primary Country of Operation:	Mexico

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 plc has five producing mines, all of them in Mexico - Fresnillo, Ciénega, Herradura, Soledad-Dipolos and Saucito; three development projects – Noche Buena (new gold mine), Saucito II and San Ramón (a satellite for the Ciénega gold mine); and five advanced exploration prospects – San Julián, Orysivo, Juanicipio, Centauro Deep 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. Fresnillo plc 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. Fresnillo plc'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.

All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.

Other Markets Traded On

BMV:MX

Top Shareholders

• SIPSA
• Blackrock Inc
• First Eagle

Capital Structure

Common Shares Outstanding:	717,160,000
Float (%):	22.95
Fully Diluted Shares:	717,160,000

Stock as of April 24, 2012

	Local: GBP	USD
Stock Price:	15.66	25.28
52-Week Range:	12.75 - 22.13	20.58 - 35.72
Market Cap:	11,231 MM	18,128 MM
Fully Diluted Market Cap:	11,231 MM	18,128 MM
1-Year Return:	-1.33%