TIDMFRES
RNS Number : 5106J
Fresnillo PLC
22 December 2020
Fresnillo plc
21 Upper Brook Street
London W1K 7PY
United Kingdom
www.fresnilloplc.com
22 December 2020
Fresnillo appoints Guillermo Gastélum as Vice President of
Exploration
Fresnillo is pleased to confirm the appointment of Guillermo
Gastélum as Vice President of Exploration with effect from 1st
January 2021.
Mr Gastélum has extensive experience in the Mexican mining
sector, most recently as Deputy Director of Northern Exploration at
Fresnillo. Previously, Mr Gastélum was Regional Manager of
Exploration at Peñoles. He has a degree in Geological Engineering
from the Universidad Autónoma de Chihuahua and has a Master's
degree on Mining Exploration from Queen's University in Canada.
Mr Gastélum joins Fresnillo following the retirement of David
Giles. Mr Giles (70) has had a remarkable career in the mining
industry and with Fresnillo, starting his career with Fresnillo's
parent company Peñoles 29 years ago. Before being appointed as Vice
President of Exploration in 2007, he served as Deputy Director of
Exploration of Peñoles, Manager in Mexico of Amaxeold Inc. and
Manager of Exploration of Nevada / Corona Gold.
Octavio Alvídrez, CEO of Fresnillo, said:
"On behalf of the Board and the whole company, I'd like to thank
David for his significant contribution to Fresnillo over many
years. We wish David every success in his future endeavours. I
would like to congratulate Guillermo on his appointment. He brings
with him proven technical skills, a deep understanding of our
operations and considerable experience."
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, Las Casas Rosario & Cluster Cebollitas), Herradura,
Soledad-Dipolos(1) , Noche Buena and San Julián (Veins and
Disseminated Ore Body), three development projects - the Pyrites
Plant at Fresnillo, the optimisation of the beneficiation plant
also at Fresnillo and Juanicipio, and four advanced exploration
projects - Orisyvo, Rodeo, Guanajuato and Pilarica, 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.
LEI: 549300JXWH1UV5J0XV81
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