TIDMFRES
RNS Number : 9697V
Fresnillo PLC
11 April 2019
Fresnillo plc
21 Upper Brook Street
London W1K 7PY
United Kingdom
www.fresnilloplc.com
11 April 2019
Fresnillo plc - Board Changes
Fresnillo plc (the "Company") announces that the Nominations
Committee has recommended to the board of directors of the Company
("the Board"), and the Board has agreed, that Mr Luis Robles be
proposed for election as an independent non-executive director of
the Company at the 2019 annual general meeting, which is due to be
held on 21 May 2019 (the "AGM"), with his appointment to take
effect from the conclusion of the AGM.
Mr Robles served as the Chairman of Board of Directors of BBVA
Bancomer from 2012 until his retirement in September 2018, having
previously served as Vice-Chairman from 2007-2012. Mr Robles
trained as a lawyer and was Managing Partner of Robles &
Zaldivar, S.C. from 1984 to 1993, when he joined the BBVA Financial
Group.
During his career in the banking and financial sectors, Mr
Robles served on various national and international associations,
including Chairman of the Latin American Banking Federation from
2010 to 2012 and various roles in the Mexican Banking Association
("ABM") culminating in him being Chairman of the ABM from 2014 to
2017.
Fresnillo plc Chairman Alberto Baillères said: "I am delighted
that Mr Robles has agreed to join the Board. With a broad
understanding of Mexican business based on a distinguished career
in banking, Mr Robles will be a valuable addition to the Fresnillo
board. I look forward to welcoming him to the board following the
2019 AGM".
The Board has, therefore, also approved a recommendation from
the Nominations Committee that Mr Robles be appointed as a member
of the Audit Committee and the Remuneration Committee, both with
effect from his appointment to the Board after the AGM.
For further information, please visit our website
www.fresnilloplc.com or contact:
Fresnillo plc Tel: +44 (0)20 7399 2470
London Office
Gabriela Mayor, Head of Investor
Relations
Patrick Chambers
Mexico City Office Tel: +52 55 52 79 3206
Ana Belem Zárate
Powerscourt Tel: +44 (0)20 7250 1446
Peter Ogden
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 at
Fresnillo and Juanicipio, and three advanced exploration projects -
Orisyvo, Las Casas Rosario & Cluster Cebollitas and Centauro
Deep, 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, including, without limitation,
those regarding the Fresnillo Group's intentions, beliefs or
current expectations concerning, amongst other things, the
Fresnillo Group's results of operations, financial position,
liquidity, prospects, growth, strategies and the silver and gold
industries 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 the
Fresnillo Group's operations, financial position and liquidity, and
the development of the markets and the industry in which the
Fresnillo Group operates, may differ materially from those
described in, or suggested by, the forward-looking statements
contained in this document. In addition, even if the results of
operations, financial position and liquidity, and the development
of the markets and the industry in which the Fresnillo Group
operates are consistent with the forward-looking statements
contained in this document, those results or developments may not
be indicative of results or developments in subsequent periods. A
number of factors could cause results and developments to differ
materially from those expressed or implied by the forward-looking
statements including, without limitation, general economic and
business conditions, industry trends, competition, commodity
prices, changes in regulation, currency fluctuations (including the
US dollar and Mexican Peso exchanges rates), the Fresnillo Group's
ability to recover its reserves or develop new reserves, including
its ability to convert its resources into reserves and its mineral
potential into resources or reserves, changes in its business
strategy and political and economic uncertainty.
LEI: 549300JXWH1UV5J0XV81
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END
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