Fresnillo PLC — Capital/Financing Update 2013

Nov 8, 2013

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RNS Number : 5427S

Fresnillo PLC

08 November 2013

Fresnillo Plc

28 Grosvenor Street

London W1K 4QR

United Kingdom

www.fresnilloplc.com

November 8, 2013

Fresnillo Announces Pricing of U.S.$800 Million of 5.500% Senior Notes due 2023

Fresnillo plc is pleased to announce that today it has agreed on pricing of an issuance of U.S.$800 million aggregate principal amount of 5.500% Senior Notes due 2023 (the "notes").  Fresnillo intends to use the net proceeds from the issuance for funding its current investment and development plans, for future growth opportunities and for general corporate purposes.  The notes are being offered and sold pursuant to Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended.

This press release is not an offer of notes for sale in Mexico, the United States or the United Kingdom.  The notes may not be offered or sold (i) in Mexico absent authorization by the CNBV in accordance with the Ley del Mercado de Valores (Mexican Securities Market Law) and all applicable regulations and the due registration of the notes in the National Registry of Securities maintained by the CNBV; or (ii) in the United States absent registration under the Securities Act of 1933, as amended, or an exemption from registration therefrom. Any public offering of securities in Mexico, in the United States or in the United Kingdom must be made by means of a prospectus containing detailed information about the terms of the offering, the issuer and matters relating to its financial, administrative, and legal condition, as well as financial statements.

For further information, please visit our website www.fresnilloplc.com or contact:

Fresnillo plc            London Office      Gabriela Mayor, Head of Investor Relations	Tel: +44 (0)20 7399 2470
Mexico City Office Ana Belem Zárate García	Tel: +52 55 52 79 3206
Brunswick Group Carole Cable David Litterick	Tel: +44 (0)20 7404 5959

About Fresnillo plc

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

Fresnillo plc has six operating mines, all of them in Mexico - Fresnillo, Saucito, Ciénega (including the San Ramón satellite mine), Herradura, Soledad and Noche Buena; three development projects - a dynamic leaching plant to treat high grade gold ore from the Herradura and Soledad mines; San Julián and Saucito II and four advanced exploration prospects - Centauro Deep, Juanicipio, Orisyvo and Las Casas Rosario as well as a number of other long term exploration prospects. In total, Fresnillo plc has mining concessions covering approximately 2.1 million hectares in Mexico.

Fresnillo plc has a strong and long tradition of mining, a proven track record of mine development, reserve replacement, and production costs in the lowest quartile of the cost curve for both silver and gold.

Fresnillo plc's goal is to maintain the group's position as the world's largest primary silver company, producing 65 million ounces of silver and 500,000 ounces of gold by 2018.

Forward Looking Statements

Information contained in this announcement may include 'forward-looking statements'.  All statements other than statements of historical facts included herein 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 Fresnillo plc's operations, financial position and liquidity, and the development of the markets and the industry in which Fresnillo plc operates, may differ materially from those described in, or suggested by, the forward-looking statements contained in this document.

This information is provided by RNS

The company news service from the London Stock Exchange

This information is provided by RNS

The company news service from the London Stock Exchange

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