Fresnillo PLC Executive Management Change (5598M)
January 09 2019 - 2:00AM
UK Regulatory
TIDMFRES
RNS Number : 5598M
Fresnillo PLC
09 January 2019
Fresnillo plc
21 Upper Brook Street
London W1K 7PY
United Kingdom
www.fresnilloplc.com
09 January 2019
Fresnillo appoints André Sougarret Larroquete as COO
Fresnillo is pleased to confirm the appointment of Mr André
Sougarret Larroquete as Chief Operating Officer. In his role, Mr
Sougarret Larroquete will oversee the safe and efficient running of
our existing mines.
Mr Sougarret Larroquete (53) brings with him a significant track
record in the mining sector. His most recent appointment was as
Executive Vice President at the National Mining Company (ENAMI), an
organisation responsible for the growth of the mining industry in
Chile. Prior to joining ENAMI, Mr Sougarret Larroquete held several
positions at the Teniente Division of Codelco implementing best
practice methods across the entire division. In addition to his
significant sector experience, Mr Sougarret Larroquete shares
Fresnillo's cultural commitment to safety and providing its workers
with safe working environments. Mr Sougarret Larroquete's previous
roles also include General Manager of the Centinela and Esperanza
mines at Antofagasta plc. He has a degree in Mining Engineering
from the University of Chile and an MBA in Company Administration
from Loyola College.
Mr Sougarret Larroquete joins Fresnillo following the retirement
of Mr Roberto Díaz. Mr Díaz has had a remarkable career in the
mining industry and with Fresnillo, starting his career with
Fresnillo's parent company Peñoles in 1977. Following other roles
around the world, he rejoined Peñoles in 2007. Before being
appointed COO in 2013, he has served as Vice President of
Operations.
Octavio Alvídrez, CEO of Fresnillo said:
"I would like to welcome André to Fresnillo. He has an
outstanding track record and we have no doubt he will provide
strong operational leadership as we deliver on the significant
potential of Fresnillo, both in terms of its existing portfolio,
but also its extensive growth pipeline. On behalf of the Board, and
the whole company, I would like to thank Roberto for the huge
contribution he has made to Fresnillo. He will be greatly missed
and we wish him every happiness in his retirement."
For further information, please visit our website
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)20 7250 1446
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 seven operating mines, all of them in Mexico -
Fresnillo, Saucito, Ciénega (including the San Ramón satellite
mine), Herradura, Soledad-Dipolos(1) , Noche Buena and San Julián
(phase I and II), one development project - the Pyrites Plant at
Fresnillo, and four advanced exploration projects - Orisyvo,
Juanicipio, Las Casas Rosario & Cluster Cebollitas and Centauro
Deep, as well as a number of other long term exploration prospects.
In total, Fresnillo plc has mining concessions covering
approximately 1.8 million hectares in Mexico and 700 thousands
hectares in Peru.
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, producing 65 million ounces
of silver per year by 2018, having already surpassed the gold
target of 750,000 ounces.
(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.
LEI: 549300JXWH1UV5J0XV81
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END
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