Slide 1: Fresnillo Plc Mining Forum Americas 2026
FRESNILLO PLC MINING FORUM AMERICAS 2026 LSE: FRES BMV: FRES www.fresnilloplc.com
Slide 2: Disclaimer
DISCLAIMER 2 This document includes statements that are, or may be deemed to be, “forward-looking A number of factors could cause results and developments to differ materially from those statements”. These forward-looking statements can be identified by the use of forward- expressed or implied by th
Slide 3: Fresnillo at a Glance
F R E S N I L L O AT A GLANCE
Slide 4: Fresnillo at a Glance
M I N I N G F O R U M A M E R I C A S 2 0 2 6 – F R E S N I L L O AT A G L A N C E 4 Operating Mine Reserves Reserves 2 Asset Type Main metal 4 4 Year (Silver) (Gold) 1 Fresnillo Underground Silver primary 131.9 moz 353 koz 1554 Herradura Noche Buena 2 Saucito Underground Silver primary 119.5 moz 50
Slide 5: Disciplined Approach to Development
MINING FORUM AMERICAS 2026 – DISCIPLINED APPROACH TO 5 DEVELOPMENT EXPANSION AT PROBE GOLD INC PEÑOLES FRESNILLO plc SAUCITO I EXPANSION TO HERRADURA DLP I SAUCITO II SAN JULIAN I & II PYRITES PLANT PYRITES PLANT JUANICIPIO PLANT CARLOS SHAFT SINDA PROJET SOLEDAD - ACQUISITION ACQUISITION LISTING CO
Slide 6: Investment Proposition
MINING FORUM AMERICAS 2026 – INVESTMENT PROPOSITION 6 DELIVERING LONG-TERM VALUE – OPERATIONAL AND FINANCIAL HIGHLIGHTS WORLD’S #1 SILVER SIZEABLE GOLD HIGH QUALITY PRODUCER PRODUCTION MINING ASSETS1 22.0 moz 290.9 koz 2.06Boz 44.0Moz of silver in 1H26 of gold in 1H26 Silver Resources Gold Resources
Slide 7: Strong Balance Sheet, Underlined by Demonstrated Financials
M I N I N G F O R U M A M E R I C A S 2 0 2 6 – S T R O N G B A L A N C E S H E E T, 7 U N D E R L I N E D B Y D E M O N S T R AT E D F I N A N C I A L S REVENUES GROSS PROFIT AND GROSS PROFIT MARGIN US$m 2,500 36% 35% 22% 19% 36% 58% 70% 80% 5,000 70% 4,500 2,000 4,000 1,642 60% 3,500 1,500 50% 2,5
Slide 8: Silver & Gold Markets
M I N I N G F O R U M A M E R I C A S 2 0 2 6 – S I LV E R & G O L D M A R K E T S 8 FORECASTS SUGGEST A HIGHER LONG - TERM PRICE ENVIRONMENT Analyst Gold Price Forecast ANALYST GOLD PRICE FORECAST ($/oz) Average Analyst Forecast Average Annual Gold Price (Historical) Spot Price • Gold prices remain
Slide 9: Our Operations
O U R O P E R AT I O N S
Slide 10: Operational Performance Highlights
M I N I N G F O R U M A M E R I C A S 2 0 2 6 – O P E R AT I O N A L P E R F O R M A N C E 10 HIGHLIGHTS Fresnillo 1H26 1H25 • Gold production increased 47.6%, while silver Silver production – moz 4.9 5.2 production fell 5.8%, reflecting changing grades at Gold production – koz 29.3 19.8 greater dep
Slide 11: Operational Performance Highlights
M I N I N G F O R U M A M E R I C A S 2 0 2 6 – O P E R AT I O N A L P E R F O R M A N C E 11 HIGHLIGHTS Herradura 1H26 1H25 • Gold production decreased 15.1% on planned lower Gold production – koz 167.6 197.4 head grades; softer H2 expected due to Plant 1 Silver production – moz 0.3 0.3 maintenance
Slide 12: Projects: Solid Project Pipeline for the Future (Brownfield)
MINING FORUM AMERICAS 2026 – PROJECTS 12 SOLID PROJECT PIPELINE FOR THE FUTURE BROWNFIELD VALLES (GOLD) - Underground NOCHE BUENA (GOLD) - Open Pit • Detailed engineering completed, • Continued re-leaching of old heaps, operational model refined, delivering a delivering 6,321 oz of Au during 1H26. s
Slide 13: Projects: Solid Project Pipeline for the Future (Greenfield)
MINING FORUM AMERICAS 2026 – PROJECTS 13 SOLID PROJECT PIPELINE FOR THE FUTURE GREENFIELD RODEO GUANAJUATO SUR (GOLD) – Open Pit (SILVER / GOLD) – Underground • Priority infill drilling for PFS already • 1H26 exploration drilling continues to deliver started, 5,319m completed during 1H26. positive r
Slide 14: Project Timeline
MINING FORUM AMERICAS 2026 – PROJECT TIMELINE 14 BF = Brownfield GF = Greennfield Note: Subject to pre-feasability and feasability assessment, final feasibility assessment and board approval
Slide 15: Conclusion
CONCLUSION
Slide 16: Conclusion
MINING FORUM AMERICAS 2026 – CONCLUSION 16 Safety & responsibility Operational discipline Cost focus Investing for growth Shareholder returns Trending improvement 1H production in line Record 1H financial Continue to invest in Higher interim dividend in workplace safety with expectations, performanc