- Fresnillo plc
Infobox Company
company_name = Fresnillo plc
company_
company_type = Public (lse|FRES)
foundation = 2008
location =London , UK (corporate),Mexico City ,Mexico (operational)
key_people = Alberto Bailleres (Chairman of the board), Jaime Lomelín (CEO)
industry =Mining
products =Precious metal s
revenue = US $647.9 million (2007)cite web |url=http://www.fresnilloplc.com/IR_FI_AN_income.html |title=Combined income statement 2007 |accessdate=2008-09-21 |publisher=Fresnillo]
net_income = profit US $161.0 million (2007)
num_employees= 2,800 (2008)cite web |url=http://www.fresnilloplc.com/disclaimer/FRESNILLO_INTERIM2008_LOW.pdf |title=Interim Report 2008 |accessdate=2008-09-21 |publisher=Fresnillo]
parent = Industrias Peñoles
homepage = [http://www.fresnilloplc.com www.fresnilloplc.com]
intl = yesFresnillo plc (lse|FRES) is a Mexican-based
precious metal smining company incorporated in theUnited Kingdom and headquartered inMexico City . Fresnillo is the world's largest producer ofsilver fromore (primary silver) and Mexico's second-largestgold miner. [cite news|url=http://www.forbes.com/afxnewslimited/feeds/afx/2008/04/11/afx4878774.html|title=Mexico's Industrias Penoles to spin off Fresnillo in London IPO|date=11 April 2008|work=AFX News |publisher=Forbes |accessdate=2008-09-21] The first Mexican firm to have its primary listing on the LSE, [cite news|url=http://www.thisismoney.co.uk/investing-and-markets/article.html?in_article_id=451070&in_page_id=3|title=Mexican to make waves on the Footsie|last=Fleming|first=Sam|date=28 August 2008|work=Daily Mail |publisher=This is Money|accessdate=2008-09-21] Fresnillo joined theFTSE 100 Index on 22 September 2008.History
Formerly an wholly-owned operating division of Industrias Peñoles, a minority stake in the company was spun off on the
London Stock Exchange in a May 2008 IPO.Operations
The company operates three gold and silver mines in Mexico: the largest in terms of silver output is located near the city of
Fresnillo inZacatecas , with the other mines at Cienega inDurango and Herradura inSonora . In 2007 Fresnillo produced 34.3 million ounces of gold and 279,000 ounces of silver, as well as around 20 tons each ofzinc andlead .cite web|url=http://www.fresnilloplc.com/IR_OI_PV_annual.html|title=Production volumes: annual|publisher=Fresnillo|accessdate=2008-09-21] The company also has 21 active exploration projects located across the country, and has signalled plans to use the money raised in its IPO to expand intoPeru andChile . [cite news|url=http://us.ft.com/ftgateway/superpage.ft?news_id=fto050920081757173271|title=Fresnillo suffers 6% fall during London debut|last=Bream|first=Rebecca|date=9 May 2008|work=Financial Times |accessdate=2008-09-21]References
External links
* [http://www.fresnilloplc.com Official site]
* [http://finance.google.com/finance?q=LON:FRES Google Finance profile]
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