Business
AGM Statement
AGM Statement.
About this update from Fresnillo Plc
[{"type":"text","content":"\n \n \n Fresnillo plc\n \n \n 21 Upper Brook Street\n \n \n London W1K 7PY\n \n \n United Kingdom\n \n \n \n \n www.fresnilloplc.com\n \n \n \n \n \n \n \n 17 May 2022\n \n \n \n \n \n \n \n \n Fresnillo plc - AGM Statement\n \n \n \n \n \n \n \n \n \n Fresnillo plc (the \"Company\") will hold its Annual General Meeting today. Chairman Mr Alejandro Baillères will make the following statement:\n \n \n \n \n \n \n \n \n It is a privilege to be presenting to you today in my first AGM as Fresnillo, plc's Chairman.\n \n \n I would like to begin by paying tribute to our former Chairman, and my father, Alberto Baillères. Don Alberto was a remarkable man who achieved many milestones in his life, but never forgot what was most important. He led Fresnillo with distinction for many years. As a Board, we continue to miss his leadership, and as a son, I continue to miss my father. I am absolutely committed to building on his legacy to create a stronger and more resilient company, while remaining faithful to his values.\n \n \n Our Purpose is to contribute to the wellbeing of people through the sustainable mining of silver and gold. I am proud to tell you that in 2021, we remained committed to this purpose which continues to be at the heart of how we think and act. Our purpose has supported our people and their communities through what were, at times, difficult and demanding days.\n \n \n As we anticipated, the pandemic again disrupted our activities in 2021, although not to the same extent as the previous year. The introduction of new labour legislation added to the challenges we faced and caused additional disruption, primarily at our underground mines.\n \n \n A fourth wave of Covid-19 reached Mexico at the end of the year. Though we are thankful this variant presented a lesser health risk, it still impacted us due to higher rates of covid-related staff absenteeism. The safety and well-being of our people is our priority and our covid protocols were effective in limiting the spread. Nonetheless, this did have an impact on production, though I am pleased to say this has now lessened.\n \n \n A second major challenge to the business was presented by the labour reform in Mexico restricting the ability to subcontract labour, which came into effect from 1st September 2021. This resulted in the requir...