REG - Fresnillo Plc - New Executive Roles

FresnilloAnnouncement

01/12/2023 07:00

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RNS Number : 3176V  Fresnillo PLC  01 December 2023

 
Fresnillo Plc

21 Upper Brook Street

London W1K 7PY

United Kingdom

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

 

1 December 2023

 

 

 

Fresnillo plc announces new executive roles

 

 

Fresnillo plc ("Fresnillo" or "the Company") is committed to creating long
term value by maximising the potential of its operations and delivering
profitable growth, whilst ensuring the wellbeing of its stakeholders. To
further strengthen the oversight of its assets and focus on the advancement of
its pipeline, Fresnillo is pleased to announce the creation of new executive
roles for its operations and projects: Chief Operating Officer North and Chief
Operating Officer Central.

 

Tomás Iturriaga, who has been leading the Company's operations over the last
three years, will continue in his role as Chief Operating Officer of the
Central Operations, comprised of the Fresnillo, Saucito and Juanicipio mines,
together with the advanced exploration projects of Orisyvo and Guanajuato.

 

To oversee the Herradura, Ciénega and San Julián mines, combined with the
Tajitos, Rodeo and Capricornio projects, Fresnillo is appointing Daniel Diez
as Chief Operating Officer of the Northern Region with effect from 1 December
2023.

 

Mr Diez brings to the Company more than 24 years of sector experience and a
broad understanding of the mining industry, acquired through significant
corporate, operational and project development roles in Chile, Australia,
Pakistan and Brazil.

 

He joins from Gold Fields where he led its Chile operations overseeing the
development of the Salares Norte project, a high-grade, gold-silver, open-pit
deposit situated in the High Andes of northern Chile. Previously he held
several senior leadership positions at Yamana Gold. He has also served as
Mining Expert (LATAM) at McKinsey & Company and development roles at both
Xstrata and Antofagasta. He was a Board member of Minera Alumbrera Ltd. and
has also been Chairman of the Board of Directors of MARA a (joint venture
between Yamana, Glencore and Newmont) and Minera Alumbrera Limited.

 

Mr Diez has a Bachelor degree of Mining Engineering from the Universidad de
Chile, an MBA from the Institute for Executive Development and is a Certified
Project Manager (Stanford University).

 

Octavio Alvídrez, Chief Executive Officer, said: "Daniel is a fantastic
addition to our senior team. He brings with him considerable experience in the
mining sector, and a proven track record of developing mining assets. Daniel
and Tomás will work together to further improve operational performance,
while overseeing the development of our extensive pipeline in their respective
regions."

 

 

 

 

 

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

 Mark Mochalski
 Mexico City Office                                             Tel: +52 55 52 79 3206

 Ana Belem Zárate

 POWERSCOURT                                                    Tel: +44 (0)7793 858 211

 Peter Ogden

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 eight operating mines, all of them in Mexico - Fresnillo,
Saucito, Juanicipio, Ciénega, Herradura, Soledad-Dipolos(1), Noche Buena and
San Julián (Veins and Disseminated Ore Body) and four advanced exploration
projects - Orisyvo, Rodeo, Guanajuato and Tajitos 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.

 

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.

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