Fresnillo PLC Statement re: Mexico Earthquake


RNS Number : 3484R

Fresnillo PLC

21 September 2017

Fresnillo plc

21 Upper Brook Street

London W1K 7PY

United Kingdom

21 September 2017

Fresnillo plc - Statement re: Mexico Earthquake

Fresnillo plc ("Fresnillo" or "the Company") is deeply saddened by the terrible earthquake that struck Mexico on 19th September 2017. The Company's thoughts and sympathies are with all of those affected by this tragedy.

Fresnillo's absolute priority is the safety of its staff. Following the earthquake the building of the Company's corporate headquarters in Mexico City was assessed by specialists who confirmed there had been no structural damage and the building was therefore declared fully safe to occupy. All administrative functions were resumed after the assessment.

Fresnillo also confirms that all its operations, both mine sites and associated infrastructure, are unaffected by the earthquake and continue as normal. There is therefore no impact on production.

For further information, please visit our website or contact:

Fresnillo plc Tel: +44 (0)20 7399

London Office 2470

Gabriela Mayor, Head

of Investor Relations

Patrick Chambers

Mexico City Office Tel: +52 55 52 79 3206

Ana Belem Zárate

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), Herradura, Soledad-Dipolos(1) , Noche Buena and San Julián (phase I and II), two development projects - the Pyrites plant, and second line of DLP at Herradura, and four advanced exploration projects - Orisyvo, Juanicipio, Las Casas Rosario & Cluster Cebollitas and Centauro Deep, as well as a number of other long term exploration prospects. In total, Fresnillo plc has mining concessions covering approximately 1.8 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 silver.

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 per year by 2018, having already surpassed the gold target of 750,000 ounces.

(1) Operations at Soledad-Dipolos are currently suspended.

This information is provided by RNS

The company news service from the London Stock Exchange



(END) Dow Jones Newswires

September 21, 2017 02:15 ET (06:15 GMT)