Business
Peñoles' Lead/Precious Metals Refinery lifts fo...
Peñoles' Lead/Precious Metals Refinery lifts fo....
About this update from Fresnillo Plc
[{"type":"text","content":"\n \n\n\n\n Fresnillo Plc\n 28 Grosvenor Street\n London W1K 4QR\n United Kingdom\n www.fresnilloplc.com\n\n\n 20 May 2009\n\n Peñoles' Lead/Precious Metals Refinery lifts force majeure\n\n\n\nFresnillo plc, the world's largest primary silver producer and\nMexico's second largest gold producer, has been advised by Peñoles\nthat it has lifted the force majeure at the Met-Mex metallurgical\ncomplex with respect to the precious metals doré and precipitates\nproduced at the Herradura and Ciénega mines as well as on the lead\nconcentrates from the Ciénega and Fresnillo mines.\n\nOn 16 March 2009 we informed the market\nthat Peñoles had advised us of a declaration of force majeure on the\naforementioned Fresnillo's products. We can confirm that there was\nno material financial impact from the force majeure period as all of\nthe products were sold elsewhere on terms comparable to those agreed\nwith Met-Mex.\n\n\nFor further information please visit www.fresnilloplc.com or contact:\n\n\nFresnillo plc\nLondon Office\nOctavio Alvidrez, Head of Investor Tel: +44(0)20 7399 2470\nRelations\n\nMexico City Office\nGabriela Mayor Tel: +52555 279 3203\n\nJPMorgan Cazenove Tel: +44 (0)20 7588 2828\nAndrew Wray\n\nBrunswick Tel: +44(0)20 7404 5959\nPatrick Handley\nCarole Cable\n\n\n\n\nAbout Fresnillo plc\n\nFresnillo Plc is the world's largest primary silver producer and\nMexico's second largest gold producer, listed on the London Stock\nExchange under the symbol FRES.\n\nFresnillo has three producing mines, all of them in Mexico -\nFresnillo, Ciénega and Herradura; two advanced development projects -\nSaucito, Soledad & Dipolos; and three exploration prospects - San\nJuan, San Julian, Orysivo, as well as a number of other long term\nexploration prospects and, in total, has mining concessions covering\napproximately 1.75 million hectares in Mexico.\n\nFresnillo has a strong and long tradition of mining, a proven track\nrecord of mining development and reserves replacement, and a low cost\nof production, being in the lowest quartile of the cost curve for\nboth silver and gold.\n\nFresnillo intends to maintain its position as the world's largest\nprimary silver producer with the aim of approximately doubling\nproduction, on a silver equivalent ounce basis by 2018 and increasing\nits gold production.\n\n---END OF MESSAGE---\n\n\n\n\nThis announ...