Business
Fresnillo announces investment in Sinda Ltd.
Fresnillo plc has announced an agreement to acquire shares in Sinda Ltd through a private placement concurrent with Sinda's initial public offering and NYSE listing, aiming to secure up to approximately 5.0% of Sinda's outstanding common stock on a non-diluted basis. This strategic investment provides Fresnillo with enhanced exposure to attractive geological silver districts, particularly a large-scale, high-grade silver-gold greenfield discovery adjacent to Fresnillo's existing exploration project in Mexico. The transaction is contingent on the completion of Sinda's IPO, and Fresnillo will enter into an investor rights agreement and a customary lock-up agreement. Disclaimer*
About this update from Fresnillo Plc
Fresnillo plc 21 Upper Brook Street London W1K 7PY United Kingdom www.fresnilloplc.com 22 June 2026 Fresnillo announces investment in Sinda Ltd. Fresnillo plc ("Fresnillo" or "the Company") is pleased to announce today that it has entered into an agreement to acquire shares of common stock (the "Common Shares") of Sinda Ltd ("Sinda") pursuant to a private placement concurrent to Sinda's initial public offering (the "IPO") and NYSE listing in the United States (the "Concurrent Placement"). The purchase price per Common Share for the Concurrent Placement will be the same as the per share public offering price to be set forth on the cover page of the final prospectus relating to the IPO. Upon completion of the Concurrent Placement, Fresnillo will hold up to approximately 5.0% of the issued and outstanding of Common Shares of Sinda, on a non-diluted basis. The closing of the Concurrent Placement is conditioned on the completion of the IPO. Sinda holds title to, or has exploration and exploitation rights on, five contiguous mining concessions covering a large-scale, high-grade, silver-gold greenfield discovery (the "Sinda Property" or the "Project"), adjacent to Fresnillo's advanced exploration project, located in the historic Guanajuato epithermal silver belt of Mexico. The Sinda Property is a large primary silver asset that has the potential to be a globally significant mining operation. Fresnillo is acquiring the Common Shares to enhance its exposure to attractive ge...