REG - Fresnillo Plc - Fresnillo recognised by Ethisphere

FresnilloAnnouncement

17/03/2022 14:00

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RNS Number : 1696F  Fresnillo PLC  17 March 2022

 

 

 

 

Fresnillo plc

21 Upper Brook Street

London W1K 7PY

United Kingdom

www.fresnilloplc.com (http://www.fresnilloplc.com)

 

17 March 2022

 

 

Ethisphere announces Fresnillo plc as one of the 2022 world's most ethical
companies for the third time

 

Recognition honors companies demonstrating exceptional leadership and a
commitment to

business integrity through best-in-class ethics, compliance, and governance
practices

 

 

Fresnillo plc, the world's largest primary silver producer and Mexico's
largest gold producer, has been recognised by Ethisphere, a global leader in
defining and advancing the standards of ethical business practices, as one of
the 2022 World's Most Ethical Companies.

 

Fresnillo plc has been recognised since 2020 and is one of only three honorees
in the Mining & Metals industry. In 2022, 136 honorees were recognised
spanning 22 countries and 45 industries.

 

"Guided by our purpose, we continued to focus on the wellbeing of people
while, at the same time, achieving a respectable operational performance and
continuing to position the Company to meet the challenges of future years;
operating with ethics and integrity is at the core of our purpose. Thanks to
the hard work and integrity commitment of our people we are proud to be named
again as one of the 2022 World's Most Ethical Companies" said Fresnillo plc's
Chief Executive Officer, Octavio Alvídrez.

 

"Today, business leaders face their greatest mandate yet to be ethical,
accountable, and trusted to drive positive change," said Ethisphere CEO,
Timothy Erblich. "We continue to be inspired by the World's Most Ethical
Companies honorees and their dedication to integrity, sustainability,
governance, and community. Congratulations to Fresnillo plc for earning the
World's Most Ethical Companies designation."

 

Ethics & Performance

Ethisphere's 2022 Ethics Index, the collection of publicly traded companies
recognised as recipients of this year's World's Most Ethical Companies
designation, outperformed a comparable index of large cap companies by 24.6
percentage points over the past five calendar years.

 

The outperformance, which Ethisphere refers to as the "Ethics Premium
(https://www.worldsmostethicalcompanies.com/) ," has remained consistent since
Ethisphere began tracking the performance of honoree companies.

 

 

Methodology & Scoring

Grounded in Ethisphere's proprietary Ethics Quotient®, the World's Most
Ethical Companies assessment process includes more than 200 questions on
culture, environmental and social practices, ethics and compliance activities,
governance, diversity, and initiatives to support a strong value chain. The
process serves as an operating framework to capture and codify the leading
practices of organizations across industries and around the globe.

 

Honorees

The full list of the 2022 World's Most Ethical Companies can be found at
https://worldsmostethicalcompanies.com/honorees.

 

 

 

-Ends-

 

For further information, please visit our website www.fresnilloplc.com
(http://www.fresnilloplc.com) or contact:

 FRESNILLO PLC                                                    Tel: +44 (0)20 7399 2470

 London Office

 Gabriela Mayor, Head of Investor Relations

 Patrick Chambers
 Mexico City Office                                               Tel: +52 55 52 79 3206

 Ana Belem Zárate

 POWERSCOURT                                                      Tel: +44 (0)7793 858 211

 Peter Ogden

 ETHISPHERE MEDIA CONTACT

 Anne Walker

 Anne.Walker@Ethisphere.com

 

ABOUT FRESNILLO PLC

 

Fresnillo plc is the world's largest primary silver producer and Mexico's
largest gold producer, listed on the London and Mexican Stock Exchanges under
the symbol FRES.

 

Fresnillo plc has seven operating mines, all of them in Mexico - Fresnillo,
Saucito, Ciénega (including Las Casas Rosario & Cluster Cebollitas),
Herradura, Soledad-Dipolos(1), Noche Buena and San Julián (Veins and
Disseminated Ore Body), two development projects - the Pyrites Plant at
Fresnillo and Juanicipio, both of which have been completed but approvals to
operate are pending, and three advanced exploration projects - Orisyvo, Rodeo
and Guanajuato, as well as a number of other long term exploration prospects.

 

Fresnillo plc has mining concessions and exploration projects in Mexico, Peru
and Chile. Fresnillo plc has a strong and long tradition of exploring, mining,
a proven track record of mine development, reserve replacement, and production
costs in the lowest quartile of the cost curve for silver. Fresnillo plc's
goal is to maintain the Group's position as the world's largest primary silver
company and Mexico's largest gold producer.

 

(1) Operations at Soledad-Dipolos are currently suspended.

 

ABOUT THE ETHISPHERE INSTITUTE

Ethisphere® is the global leader in defining and advancing the standards of
ethical business practices that fuel corporate character, marketplace trust
and business success. Ethisphere has deep expertise in measuring and defining
core ethics standards using data-driven insights that help companies enhance
corporate character and measure and improve culture. Ethisphere honors
superior achievement through its World's Most Ethical Companies recognition
program and provides a community of industry experts with the Business Ethics
Leadership Alliance (BELA). More information about Ethisphere can be found at:
https://ethisphere.com.

 

 

FORWARD LOOKING STATEMENTS

Information contained in this announcement may include 'forward-looking
statements'. All statements other than statements of historical facts included
herein, including, without limitation, those regarding the Fresnillo Group's
intentions, beliefs or current expectations concerning, amongst other things,
the Fresnillo Group's results of operations, financial position, liquidity,
prospects, growth, strategies and the silver and gold industries are
forward-looking statements. Such forward-looking statements involve risk and
uncertainty because they relate to future events and circumstances.
Forward-looking statements are not guarantees of future performance and the
actual results of the Fresnillo Group's operations, financial position and
liquidity, and the development of the markets and the industry in which the
Fresnillo Group operates, may differ materially from those described in, or
suggested by, the forward-looking statements contained in this document. In
addition, even if the results of operations, financial position and liquidity,
and the development of the markets and the industry in which the Fresnillo
Group operates are consistent with the forward-looking statements contained in
this document, those results or developments may not be indicative of results
or developments in subsequent periods. A number of factors could cause results
and developments to differ materially from those expressed or implied by the
forward-looking statements including, without limitation, general economic and
business conditions, industry trends, competition, commodity prices, changes
in regulation, currency fluctuations (including the US dollar and Mexican Peso
exchanges rates), the Fresnillo Group's ability to recover its reserves or
develop new reserves, including its ability to convert its resources into
reserves and its mineral potential into resources or reserves, changes in its
business strategy and political and economic uncertainty.

LEI: 549300JXWH1UV5J0XV81

 

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