17 April 2012
Fresnillo plc appoints Non-Executive Directors
Fresnillo plc ("Fresnillo") is pleased to
announce the appointment of Ms María Asunción
Aramburuzabala and Mr Alejandro Baillères as non-executive
Directors of Fresnillo.
Ms Aramburuzabala is currently Vice Chairman of Grupo
Modelo, one of Mexico's largest breweries. She also
serves on the boards of several companies in Mexico
including Grupo Aeroméxico, Grupo Financiero Banamex, Banco
Nacional de México, Tresalia Capital and KIO Networks.
Her prior directorships include Grupo Televisa,
Empresas ICA and América Móvil. She was educated at the
Instituto Tecnológico Autónomo de Mexico (ITAM).
Mr Baillères has been the Chief Executive Officer of Grupo
Nacional Provincial, a leading insurance company in Mexico.
He is also a director of several companies within Grupo
BAL, including Industrias Peñoles S.A.B. de C.V., the
controlling shareholder in Fresnillo. Mr Baillères is also
an alternate director of Coca-Cola FEMSA, the largest
beverage company in Mexico and serves on the Board of
Trustees of ITAM.
The Board believes that the broad range of experience of
Mexican and international business which these two new
Directors bring will broaden the perspectives and
experience that are applied to Board discussions, and
strengthen the overall mix of skills and experience on the
The appointment of these two additional directors increases
the number of Board members to twelve including eleven
non-executive Directors. The appointments were proposed at
a recent meeting of the board's nominations committee.
Fresnillo shareholders will vote on the appointments at the
Company's annual general meeting on 18 May 2012.
There are no other matters to disclose in accordance with
paragraph 9.6.13R of the FSA's Listing Rules.
For further information, please visit our website:
www.fresnilloplc.com or contact:
Head of Investor Relations
Tel: +44(0)20 7339 2470
Tel: +52 55 52 79 3203
Carole Cable (Partner)
David Litterick (Director)
Tel: +44(0)20 7404 5959
About Fresnillo plc
Fresnillo is the world's largest primary silver
producer and Mexico's second largest gold producer,
listed on the London and Mexican Stock Exchanges under the
Fresnillo has seven operating mines, all of them in Mexico
- Fresnillo, Saucito, Cienega, San Ramon, Herradura,
Soledad-Dipolos and Noche Buena; four development projects
-Noche Buena (new gold mine at Herradura District), San
Ramón mine (a satellite of the Ciénega gold mine), Saucito
II, and Dynamic leaching to treat high grade gold ore from
Herradura and Soledad-Dipolos mine; and five advanced
exploration prospects - San Julián, Centauro Deep,
Juanicipio, Orysivo and Las Casas as well as a number of
other long term exploration prospects. In total, has mining
concessions covering approximately 2.1 million hectares in
Fresnillo 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's goal is to maintain the Group's
position as the world's largest primary silver company,
producing 65 million ounces of silver and 500,000 ounces of
gold by 2018.